36 James Street S 505, Hamilton

$284,900
36 James Street S 505

$284,900

New
20d
Condo ApartmentApartment

36 James Street S 505, Hamilton

Total Monthly Obligation $2,311

Beds
1
Baths
1
Park
1
Sqft
700-799
DOM
20d
Score
18
Yield
7.3%
Cash on Cash
-8.4%
Cap Rate
2.8%
5Y IRR
9.0%
10Y IRR
9.4%
Property Type-Condo Apartment
MLS® Number-X13858308
Beds-1
Bathrooms-1
Size-700-799 sqft
Listed on site-Oct 3, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$2,538.27 (2026)
Maintenance-$750.21/mo
Locker-Common
Parking-1 - Underground
Basement-None
Heating-Forced Air (Electric)
Brokerage-HOMELIFE/MIRACLE REALTY LTD
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick
Possession-Immediate
Neighbourhood-Central
Title-Residential Condo & Other

No agent assigned

Downtown Hamilton Living at Its Best! Welcome to Unit 505 at The Pigott Building, a distinctive heritage residence offering character, convenience and an exceptional urban lifestyle. This bright and spacious 1-bedroom, 1-bathroom condo features an open-concept layout, impressive 9-ft ceilings and an abundance of natural sunlight, creating an inviting and airy living space. The unit also comes complete with 1 underground parking space and 1 locker for added convenience and storage. Located in the heart of downtown Hamilton, you're surrounded by restaurants, cafés, shopping, entertainment, parks, transit and cultural attractions. Enjoy easy access to Gore Park, Hamilton GO Centre, the Art Gallery of Hamilton, Hamilton Farmers' Market and the vibrant James Street corridor. Residents enjoy an impressive selection of building amenities, including an indoor pool, fitness facility, party room, games/billiards area and covered/underground parking. The location is also ideal for students and professionals, with Mohawk College and McMaster University readily accessible by car or public transit. Convenient access to GO Transit and Hamilton's Transit network makes commuting throughout Hamilton and beyond easy. Whether you're a first-time buyer, professional, student, downsizer or investor, Unit 505 offers the opportunity to enjoy the unique character of The Pigott Building combined with the convenience of downtown living. Open concept. 9-ft ceilings. Lots of sunlight. Parking. Locker. Exceptional downtown location. Come experience Unit 505 for yourself!

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

Closing Costs

Mortgage Amount
$227,920
Land Transfer Taxes$2,749
Legal Fees (Est.)
$
Total cash required for closing$61,229

Total Monthly Obligation

$2,311/mo
Mortgage $1,149
Monthly Loss $2,009
Principal$302
Interest$847
Property Tax$212
Condo Fees$750
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
1.6%10
Cash-on-Cash
-14.9%0
5-Year IRR
4.6%10
10-Year IRR
6.9%
Returns Index
6.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 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
$20,652/yr
NOI
$4,646/yr
Net Cash Flow
-$762/mo
Cash Margin
-44.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.343
LTV Ratio
80.0%18
Vacancy Buffer
4.2 mo72
Risk Index
30.9/ 100

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

Comparables

Properties near 36 James Street S 505

Time

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Data last updated within the past 24 hours.