223 MacNab Street Unit 11, Hamilton

Price: $229,000

2 bedrooms, 1 bathrooms

600 sqft

Property Type: Condo

MLS#: X13004472

Discover the charm and spaciousness of this affordable two-bedroom co-op, perfectly nestled in the heart of downtown. Flooded with natural light thanks to large windows throughout, this lower-level unit feels surprisingly airy and reminiscent of a main-floor apartment. The generous floor plan has been thoughtfully updated, featuring new vinyl flooring and a modern kitchen with upgraded cupboards, a stylish backsplash, updated countertops, stainless steel appliances, and a roomy pantry for all your culinary essentials. Fresh paint brings brightness to the kitchen, bathroom, and hallway, while the bathroom itself boasts contemporary finishes. The primary bedroom easily accommodates a king-size bed, and the second bedroom offers flexibility for a home office or a queen-size bed. Co-op fees cover a wide range of essentials, including municipal property taxes, building insurance, exterior upkeep, roof maintenance, water, heat, locker access, buzzer box usage, and laundry. Just steps away from St Joseph's Hospital, the GO Station, transit, schools, restaurants, shopping and Durand Park, this home is ideally situated for vibrant urban living. The purchase requires cash, private, or credit union funding, approval from the Board of Directors, owner occupancy, and does not permit rentals. While there isn't an owned parking spot, you can apply for parking at only $20 per month. Residents must be 16 years or older, and pet lovers will appreciate the allowance of either one small dog or two cats. Don't miss the chance to join this lively and welcoming community. Book a showing today!

223 MacNab Street Unit 11 - Condo photo 1 of 17 in Hamilton, Ontario
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$229,000 - 223 MacNab Street Unit 11, Hamilton

Condo for Sale in Hamilton

40 days on market
2Beds
1Baths
600Sq Ft
Condo
Property Details
MLS Number
X13004472
Property Type
Condo
Status
active
Days on Site
40
Bedrooms
2
Bathrooms
1
Square Feet
600 sqft
Neighbourhood
Hamilton
Locker
Owned
Exposure
East
Balcony
None
Listing Brokerage
RIGHT AT HOME REALTY
Description

Discover the charm and spaciousness of this affordable two-bedroom co-op, perfectly nestled in the heart of downtown. Flooded with natural light thanks to large windows throughout, this lower-level unit feels surprisingly airy and reminiscent of a main-floor apartment. The generous floor plan has been thoughtfully updated, featuring new vinyl flooring and a modern kitchen with upgraded cupboards, a stylish backsplash, updated countertops, stainless steel appliances, and a roomy pantry for all your culinary essentials. Fresh paint brings brightness to the kitchen, bathroom, and hallway, while the bathroom itself boasts contemporary finishes. The primary bedroom easily accommodates a king-size bed, and the second bedroom offers flexibility for a home office or a queen-size bed. Co-op fees cover a wide range of essentials, including municipal property taxes, building insurance, exterior upkeep, roof maintenance, water, heat, locker access, buzzer box usage, and laundry. Just steps away from St Joseph's Hospital, the GO Station, transit, schools, restaurants, shopping and Durand Park, this home is ideally situated for vibrant urban living. The purchase requires cash, private, or credit union funding, approval from the Board of Directors, owner occupancy, and does not permit rentals. While there isn't an owned parking spot, you can apply for parking at only $20 per month. Residents must be 16 years or older, and pet lovers will appreciate the allowance of either one small dog or two cats. Don't miss the chance to join this lively and welcoming community. Book a showing today!

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$1,174.89/mo

Includes CMHC insurance ($6,389)

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5-yr fixed avg.

Principal: $206,100Interest: $139,978
Mortgage Amount$212,489
Total Interest$139,978
Est. Property Tax$162/mo
Total Cost$352,467

Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.

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Neighbourhood Guide: Hamilton

Discover Hamilton

Hamilton is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.

Why Live in Hamilton

  • Convenient location in Hamilton
  • Access to local shops and dining
  • Good public transit connections
  • Community parks and green spaces
  • Well-maintained neighbourhoods

Nearby Schools

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

Transit & Commuting

  • MiWay bus routes throughout the area
  • GO Transit stations within driving distance
  • Easy highway access to 401/403/QEW
  • Walking distance to local amenities

Parks & Amenities

  • Local parks and recreational facilities
  • Community centres
  • Shopping plazas nearby
  • Restaurants and cafes

Lifestyle & Community

Hamilton offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.

70
Walk Score
Varies
Price Range

223 MacNab Street Unit 11, Hamilton

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,200/mo
Range: $1,870 - $2,530
Cap Rate (ROI)
8.4%
Excellent

Monthly Cash Flow Breakdown

Rental Income+$2,200
Maintenance Fees-$390
Property Tax (est.)-$162
Insurance (est.)-$48
Net Cash Flow+$1,600

Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.

Joe Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $382/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.

Market Position

At 40 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.

Condo Considerations

For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.

Efficient Living

At 600 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.

Let's See It Together

Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.

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