15 Nicklaus Drive 804, Hamilton

$234,900
15 Nicklaus Drive 804

$234,900

New
21d
Condo Apartment1 Storey/Apt

15 Nicklaus Drive 804, Hamilton

Total Monthly Obligation $1,884

Beds
2
Baths
1
Park
1
Sqft
700-799
DOM
21d
Score
28
Yield
10.2%
Cash on Cash
6.1%
Cap Rate
5.9%
5Y IRR
20.5%
10Y IRR
18.6%
Property Type-Condo Apartment
MLS® Number-X13856162
Beds-2
Bathrooms-1
Size-700-799 sqft
Listed on site-Oct 2, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Taxes-$1,557.24 (2026)
Maintenance-$607/mo
Locker-Common
Parking-1 - None
Basement-None
Heating-Baseboard (Other)
Brokerage-1ST SUNSHINE REALTY INC.
Cooling-Window Unit(s)
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick, Concrete Block
Possession-Flexible
Neighbourhood-Vincent
Title-Residential Condo & Other

No agent assigned

Spacious East Hamilton 2-bedroom condo with views toward the Niagara Escarpment from the balcony. A blank canvas offering excellent value and potential - ideal for buyers or investors looking to add their own updates. Bright principal rooms, generous closet space, and afunctional layout throughout. Vacant and available for quick closing. Perfectly located short drive to schools, parks, trails, and convenience shopping, with easy access to the Red Hill Valley Parkway and the QEW. Sold as-is and where is. Great opportunity in a well-managed building.

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

Closing Costs

Mortgage Amount
$187,920
Land Transfer Taxes$2,074
Legal Fees (Est.)
$
Total cash required for closing$50,554

Total Monthly Obligation

$1,884/mo
Mortgage $948
Monthly Loss $1,635
Principal$249
Interest$698
Property Tax$130
Condo Fees$607
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
4.4%31
Cash-on-Cash
-2.0%5
5-Year IRR
14.6%69
10-Year IRR
14.7%
Returns Index
35.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
28/ 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
$24,000/yr
NOI
$10,359/yr
Net Cash Flow
-$84/mo
Cash Margin
-4.2%2
Cash Flow Index
2.1/ 100
Risk Profile
Weight: 20%
DSCR
0.9120
LTV Ratio
80.0%18
Vacancy Buffer
5.0 mo84
Risk Index
40.8/ 100

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

Comparables

Properties near 15 Nicklaus Drive 804

Time

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