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$627,990

Radio Arts - 206 King St W - 302_on_the_air - Hamilton, ON, L8P 1A5

MLS® # PB305-302_ON_THE_AIR

1.0 Beds

1 Bath

546 sqft

302_On_The_Air - Radio Arts by Canlight Realty Corp.

Property Features:

  • Bedrooms: 1.0
  • Bathrooms: 1.0
  • Floor Space (approx): 546

This listing content provided by Brokers PlaybookTM

Potential Investment Performance

Cumulative ROI

42.9%

Cumulative Market Appreciation

$173,502

Net Operating Income in Year 5

$2,925

Cash on Cash Return in Year 5

-15.1%

Assumptions

The information below is based on user inputs and general assumptions for informational purposes only. The outputs are not legal, financial, investment, or other advice. Review all fields for accuracy and consult an agent for guidance.

Mortgage Calculator

Mortgage
Purchase Price
$
Down Payment
%
$
Mortgage Amount $502,392
Mortgage Payment
%
$2,606

Cash Flow Calculator

monthly
yearly
Income
Gross Rental Income
$
Vacancy Rate
%
$
Other
$
Gross Operating Income $730
Operating Expenses
Management Fees
%
$
Property Tax
$
Repair Reserve
%
$
Insurance
$
Condo/Strata Fees
$
Total Operating Expenses $573
Net Operating Income $157
Debt Service
Mortgage Payment $2,606
Net Cash Flow -$2,449

Acquistion Costs

Deposit $78,497
Land Transfer Tax $9,034
Legal Fees $1,500
Adjustments $0
Development Charges $15,000
Down Payment Balance $47,101
Total Acquisition Costs $151,132

Deposit Schedule

With the Offer $5,500
Deposit @ 120 days $25,899
Deposit @ 0 days $15,699
Due on Occupancy $31,399
Total Deposit $78,497
Closing Date Jul 1, 2025

Components of Return

Potential Returns

Year 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
Investments
Deposits $78,497 - - - - - - - - -
Closing Costs $72,635 - - - - - - - - -
Mortgage Paydown $3,862$8,002$8,386$8,790$9,212$9,655$10,119$10,605$11,115$11,649
Total $154,994$8,002$8,386$8,790$9,212$9,655$10,119$10,605$11,115$11,649
Cash Invested $154,994$162,996$171,383$180,173$189,386$199,041$209,161$219,766$230,882$242,532
Rental Cash Flows
Rent and other income $4,384$8,956$9,342$9,743$10,162$10,599$11,055$11,531$12,026$12,544
Operating Expenses -$3,441-$6,961-$7,119-$7,281-$7,448-$7,618-$7,793-$7,972-$8,156-$8,344
Mortgage Payment -$15,640-$31,280-$31,280-$31,280-$31,280-$31,280-$31,280-$31,280-$31,280-$31,280
Net Cash Flow -$14,697-$29,284-$29,057-$28,818-$28,565-$28,299-$28,018-$27,721-$27,409-$27,081
Returns
Property Price Appreciation $31,399$32,969$34,617$36,348$38,166$40,074$42,078$44,182$46,391$48,710
Mortgage Paydown $3,862$8,002$8,386$8,790$9,212$9,655$10,119$10,605$11,115$11,649
Net Cash Flow -$14,697-$29,284-$29,057-$28,818-$28,565-$28,299-$28,018-$27,721-$27,409-$27,081
Total Return $20,564$11,686$13,946$16,320$18,813$21,430$24,179$27,066$30,097$33,279
Cumulative Return $20,564$32,251$46,198$62,518$81,332$102,762$126,942$154,008$184,105$217,385
Investment Metrics
Cumulative ROI 13.3% 19.8% 27.0% 34.7% 42.9% 51.6% 60.7% 70.1% 79.7% 89.6%
Cash On Cash -9.5% -18.0% -17.0% -16.0% -15.1% -14.2% -13.4% -12.6% -11.9% -11.2%

Location of 302_on_the_air-206 King St W, Hamilton, ON, L8P 1A5

Demographic Information of 302_on_the_air-206 King St W, Hamilton, ON, L8P 1A5

Life Stage

Young Singles

Employment Type

Service Sector

Average Household Income

$87,703.66

Average Number of Children

1.66

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

23.51 %

High school certificate or equivalent

27.86 %

Apprenticeship trade certificate/diploma

5.14 %

College/non-university certificate

21.07 %

University certificate (below bachelor)

0.58 %

University Degree

21.82 %

Commuter

Travel To Work

By Car

60.2 %

By Public Transit

20.32 %

By Walking

15.39 %

By Bicycle

1.94 %

By Other Methods

2.15 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

77.65 %

Houses

22.35 %

Own Vs. Rent