66 Bay Street S 414, Hamilton

$499,900
66 Bay Street S 414

$499,900

New
21d
Condo Apartment1 Storey/Apt

66 Bay Street S 414, Hamilton

Total Monthly Obligation $3,917

Beds
2
Baths
2
Park
1
Sqft
1400-1599
DOM
21d
Score
16
Yield
7.0%
Cash on Cash
-9.3%
Cap Rate
2.6%
5Y IRR
8.2%
10Y IRR
8.9%
Property Type-Condo Apartment
MLS® Number-X13854564
Beds-2
Bathrooms-2
Size-1400-1599 sqft
Listed on site-Oct 2, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Age-31-50
Taxes-$6,369.08 (2026)
Maintenance-$1,170.09/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-NEW ERA REAL ESTATE
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Concrete, Concrete Poured
Roof-Flat
Foundation-Poured Concrete
Possession-Flexible
Neighbourhood-Durand
Title-Residential Condo & Other

No agent assigned

Welcome to this spacious 2-bedroom, 2-bathroom end-unit condo offering over 1,500 sq ft of carpet-free living space in a fantastic central location. Filled with natural light, this well-appointed unit features impressive floor-to-ceiling windows and a bright, open-concept layout designed for both everyday living and entertaining. The expansive Great Room offers plenty of space to relax and unwind, complete with a stylish entertainment unit, while the separate dining room provides the perfect setting for family meals and dinner gatherings. The updated kitchen combines style and functionality with quartz countertops, ample cupboard and storage space, tiled backsplash, stainless steel appliances and a convenient centre island, creating an inviting space for cooking and entertaining. The generous primary bedroom features a large closet and private 4-piece ensuite bathroom, along with the added convenience of in-suite laundry. A well-sized second bedroom provides excellent flexibility for family, guests or a home office and is conveniently located near the additional 4-piece main bathroom. As an end unit, enjoy added privacy and an abundance of natural light throughout. Residents also have access to an impressive selection of on-site amenities, including a fitness room, party room, bicycle storage room and a rooftop deck and garden complete with BBQs-an ideal space to enjoy the outdoors, entertain friends or relax while taking in the surroundings. Perfectly situated within walking distance to numerous major amenities, shopping, dining and public transit, with schools and parks also close by. This exceptional condo offers generous living space, thoughtful updates, abundant natural light and convenient building amenities in a highly accessible location-an excellent opportunity for first-time buyers, downsizers or investors alike!

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$399,920
Land Transfer Taxes$6,473
Legal Fees (Est.)
$
Total cash required for closing$107,953

Total Monthly Obligation

$3,917/mo
Mortgage $2,016
Monthly Loss $3,387
Principal$531
Interest$1,486
Property Tax$531
Condo Fees$1,170
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
1.7%11
Cash-on-Cash
-14.5%0
5-Year IRR
4.8%10
10-Year IRR
7.1%
Returns Index
6.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 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
$34,920/yr
NOI
$8,618/yr
Net Cash Flow
-$1,298/mo
Cash Margin
-44.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.363
LTV Ratio
80.0%18
Vacancy Buffer
2.5 mo39
Risk Index
20.1/ 100

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

Comparables

Properties near 66 Bay Street S 414

Time

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