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Investment signal

$459,999

805 - 1 JARVIS STREET

Beds

Baths

Sqft

—

Year

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Location

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About this home

Welcome to this well-appointed 2-bedroom, 2-bathroom condo located in the heart of downtown Hamilton. This unit is tenanted until August 31st, with excellent tenants currently in place and rent paid in full, offering secure and worry-free income for investors.The location is exceptionally attractive to long-term renters, positioned just minutes from McMaster University, Mohawk College, and several of Hamilton's major healthcare institutions including Hamilton General Hospital, St. Joseph's Healthcare, and Juravinski Hospital. Proximity to these respected schools and hospitals creates consistent rental demand and long-term investment stability.The existing lease must be honoured through its expiry, providing predictable cash flow, while also allowing flexibility for future end-user occupancy or re-leasing at market value. With a functional layout featuring two full bathrooms and a highly walkable urban setting close to transit, shopping, dining, and downtown amenities, this suite appeals strongly to both tenants and future buyers.Located in the growing downtown core at 1 Jarvis Street, this is an ideal addition to an investment portfolio or a strategic purchase for buyers planning ahead. (id:65958)

Subtype: Single Family
Structure: Apartment
Community: Beasley
Common interest: Condo/Strata
Bedrooms: 2 above grade
Parking: 1 total
Condo/HOA fee: $514.27 monthly
On market: Jan 13, 2026
Status changed: Apr 13, 2026
Annual tax: $4,027
Zoning: D3
Photos: 21
MLS#: X12690016
Area: HAMILTON_(BEASLEY)

Features and systems

Parking

GarageUnderground

Basement

None

Appliances

AllWasherRefrigeratorStoveDryer

Heating

Forced airNatural gas

Cooling

Central air conditioning

Exterior

Brick

Flooring

Laminate

Lot

BalconyCarpet Free

Community

Pets Allowed With Restrictions

Fee includes

Common Area MaintenanceHeatInsurance

Negative cash flow ~$938/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)2026 default 5.49% — adjust to your rate holdAmortization (years)

Cash on cash

-12.24%

Cap rate

3.44%

GRM

16.7

Break-even rent

$3,288

Financing

Down payment$92,000

Loan amount$367,999

Mortgage$2,258/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$211

Insurance$80

Maintenance$383

CapEx reserve$192

Vacancy loss$115

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Lifestyle nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Hamilton (Beasley). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $2,258/mo at 5.49% with 20% down, 25-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 13, 2026.