30 Summit Abbey 303, Hamilton

$124,900
30 Summit Abbey 303

$124,900

New
22d
Co-op Apartment1 Storey/Apt

30 Summit Abbey 303, Hamilton

Total Monthly Obligation $1,777

HausQ Valuation Report
Beds
1
Baths
1
Park
1
Sqft
0-499
DOM
22d
Score
17
Yield
10.8%
Cash on Cash
-22.9%
Cap Rate
-0.3%
5Y IRR
-2.0%
10Y IRR
1.4%
Property Type-Co-op Apartment
MLS® Number-X13856252
Beds-1
Bathrooms-1
Size-0-499 sqft
Listed on site-Oct 1, 2026
Style-1 Storey/Apt
Building Type-Co-op Apartment
Age-51-99
Taxes-$1,328 (2025)
Maintenance-$962.59/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-Eastmount
Title-Residential Condo & Other

No agent assigned

Why rent when you can own for almost the same-or potentially less? Discover affordable homeownership in this bright and well-maintained 1-bedroom condo in Hamilton's desirable North Mountain, conveniently located near Upper Wentworth and the Brow. Situated on the 3rd floor, this inviting unit offers a smart, functional layout, in-suite laundry with a newer washer and dryer, and a private east-facing balcony where you can enjoy your morning coffee and the sun-rise. The unit also includes one assigned underground parking space, adding even more value and convenience. For first-time buyers, this is an opportunity to put your monthly housing dollars toward owning your own home instead of paying rent. With a purchase price designed to make ownership accessible, your total monthly costs could be close to what you're already paying in rent-while building equity in a home of your own. Conveniently located close to public transit, shopping, restaurants, parks, and everyday amenities. Why keep renting when you could be almost paying the same to own? Affordable homeownership starts here.

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

Closing Costs

Mortgage Amount
$99,920
Land Transfer Taxes$974
Legal Fees (Est.)
$
Total cash required for closing$27,454

Total Monthly Obligation

$1,777/mo
Mortgage $504
Monthly Loss $1,644
Principal$133
Interest$371
Property Tax$111
Condo Fees$963
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
-2.5%1
Cash-on-Cash
-34.3%0
5-Year IRR
-8.5%0
10-Year IRR
-1.4%
Returns Index
0.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 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
$13,452/yr
NOI
-$3,172/yr
Net Cash Flow
-$768/mo
Cash Margin
-68.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
-0.520
LTV Ratio
80.0%18
Vacancy Buffer
5.5 mo88
Risk Index
35.3/ 100

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

Comparables

Properties near 30 Summit Abbey 303

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.