30 Summit Avenue 401, Hamilton

$134,900
30 Summit Avenue 401

$134,900

New
22d
Condo Apartment1 Storey/Apt

30 Summit Avenue 401, Hamilton

Total Monthly Obligation $1,899

HausQ Valuation Report
Beds
1
Baths
1
Park
1
Sqft
500-599
DOM
22d
Score
19
Yield
15.5%
Cash on Cash
-1.1%
Cap Rate
4.3%
5Y IRR
14.7%
10Y IRR
13.9%
Property Type-Condo Apartment
MLS® Number-X13850452
Beds-1
Bathrooms-1
Size-500-599 sqft
Listed on site-Oct 1, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Age-51-99
Taxes-$1,374 (2025)
Maintenance-$1,040.83/mo
Locker-None
Parking-1 - Underground
Basement-None
Heating-Baseboard (Other)
Brokerage-RE/MAX ESCARPMENT GOLFI REALTY INC.
Cooling-Wall Unit(s)
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick
Roof-Asphalt Rolled
Foundation-Concrete
Possession-Immediate
Neighbourhood-Burkholme
Title-Residential Condo & Other

No agent assigned

Stop renting and start owning! Unit 401 offers an affordable opportunity to get into the Hamilton real estate market with monthly costs that could be close to-or even less than-what you're paying in rent. This bright 1-bedroom condo is located on Hamilton's desirable North Mountain, close to Upper Wentworth, the Brow, shopping, transit, parks, and everyday conveniences. The functional layout makes excellent use of the space, while the private east-facing balcony is the perfect spot to enjoy your morning coffee and catch the sunrise. You'll also appreciate the convenience of in-suite laundry with a newer washer and dryer, plus one assigned underground parking space. Whether you're a first-time buyer looking to escape the rental cycle, a downsizer seeking affordability, or an investor looking for a solid opportunity, Unit 401 makes homeownership surprisingly attainable. Why pay someone else's mortgage when you could be building equity in your own home?

$
$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$107,920
Land Transfer Taxes$1,074
Legal Fees (Est.)
$
Total cash required for closing$29,554

Total Monthly Obligation

$1,899/mo
Mortgage $544
Monthly Loss $1,756
Principal$143
Interest$401
Property Tax$115
Condo Fees$1,041
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
1.9%12
Cash-on-Cash
-13.6%0
5-Year IRR
6.8%17
10-Year IRR
9.5%
Returns Index
9.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$20,952/yr
NOI
$2,593/yr
Net Cash Flow
-$328/mo
Cash Margin
-18.8%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.403
LTV Ratio
80.0%18
Vacancy Buffer
5.0 mo84
Risk Index
35.0/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 30 Summit Avenue 401

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

Data is provided courtesy of PropTx.

The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.

Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.