17 King Street E 502, Hamilton

$389,999
17 King Street E 502

$389,999

New
21d
Common Element Condo1 Storey/Apt

17 King Street E 502, Hamilton

Total Monthly Obligation $2,837

HausQ Valuation Report
Beds
2
Baths
1
Park
1
Sqft
800-899
DOM
21d
Score
21
Yield
8.1%
Cash on Cash
-0.7%
Cap Rate
4.4%
5Y IRR
15.0%
10Y IRR
14.2%
Property Type-Common Element Condo
MLS® Number-X13855816
Beds-2
Bathrooms-1
Size-800-899 sqft
Listed on site-Oct 2, 2026
Style-1 Storey/Apt
Building Type-Common Element Condo
Taxes-$2,677 (2026)
Maintenance-$841/mo
Locker-Owned
Parking-1 - Underground
Basement-Apartment
Heating-Forced Air (Gas)
Brokerage-EXP REALTY
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick
Roof-Tar and Gravel
Foundation-Concrete Block
Possession-Flexible
Neighbourhood-Dundas
Title-Residential Condo & Other

No agent assigned

Welcome to 17 King St E #502, a spacious two bedroom condo in the heart of Dundas. Offering updated flooring, in suite laundry, and a comfortable layout, this home is an ideal choice for first time buyers, downsizers, investors, or those looking for convenient living close to McMaster University. Enjoy the convenience of having grocery stores, local shops, restaurants, parks, and public transit all within easy reach. McMaster University is also just a short distance away, making this an excellent location for students, faculty, or anyone looking to stay close to campus. The unit also includes an owned underground parking space and an owned storage locker, adding valuable convenience and extra storage. A great opportunity to enjoy low maintenance living in a vibrant and walkable Dundas location.

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

Closing Costs

Mortgage Amount
$311,999
Land Transfer Taxes$4,325
Legal Fees (Est.)
$
Total cash required for closing$83,825

Total Monthly Obligation

$2,837/mo
Mortgage $1,573
Monthly Loss $2,423
Principal$414
Interest$1,159
Property Tax$223
Condo Fees$841
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.4%22
Cash-on-Cash
-6.6%2
5-Year IRR
10.8%41
10-Year IRR
11.6%
Returns Index
21.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
21/ 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
$31,644/yr
NOI
$13,311/yr
Net Cash Flow
-$464/mo
Cash Margin
-17.6%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.7110
LTV Ratio
80.0%18
Vacancy Buffer
3.4 mo57
Risk Index
28.6/ 100

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

Comparables

Properties near 17 King Street E 502

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.

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Data last updated within the past 24 hours.