893 Concession Street 207, Hamilton

$274,900
893 Concession Street 207

$274,900

New
8d
Condo Apartment1 Storey/Apt

893 Concession Street 207, Hamilton

Total Monthly Obligation $2,007

Beds
1
Baths
1
Park
1
Sqft
600-699
DOM
8d
Score
22
Yield
7.9%
Cash on Cash
-0.9%
Cap Rate
4.4%
5Y IRR
14.8%
10Y IRR
14.0%
Property Type-Condo Apartment
MLS® Number-X14083004
Beds-1
Bathrooms-1
Size-600-699 sqft
Listed on site-Oct 15, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Age-51-99
Taxes-$2,039.98 (2026)
Maintenance-$528.53/mo
Locker-Owned
Parking-1 - Carport
Basement-None
Heating-Other (Gas)
Brokerage-RE/MAX ESCARPMENT REALTY INC.
Cooling-Window Unit(s)
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick, Concrete
Roof-Flat
Foundation-Poured Concrete
Neighbourhood-Raleigh
Title-Residential Condo & Other

No agent assigned

Located on Hamilton's Central Mountain, this property is conveniently situated near Juravinski Hospital, Mohawk College, CF Lime Ridge Mall, Mohawk 4 Ice Centre, and nearby sports facilities. Concession Street offers a variety of local shops, cafés, and dining options. Outdoor recreation opportunities include walking paths along the Mountain Brow, cycling trails along the escarpment, and access to the Wentworth Stairs. Enjoy convenient access to a variety of neighbourhood amenities, shopping, dining, education, healthcare, and outdoor spaces.

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

Closing Costs

Mortgage Amount
$219,920
Land Transfer Taxes$2,599
Legal Fees (Est.)
$
Total cash required for closing$59,079

Total Monthly Obligation

$2,007/mo
Mortgage $1,109
Monthly Loss $1,716
Principal$292
Interest$817
Property Tax$170
Condo Fees$529
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.2%20
Cash-on-Cash
-7.7%1
5-Year IRR
10.0%35
10-Year IRR
10.9%
Returns Index
18.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
22/ 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
$21,696/yr
NOI
$8,744/yr
Net Cash Flow
-$380/mo
Cash Margin
-21.0%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.669
LTV Ratio
80.0%18
Vacancy Buffer
4.8 mo80
Risk Index
35.7/ 100

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

Comparables

Properties near 893 Concession Street 207

Time

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Data last updated within the past 24 hours.