555 Sanitorium Road, Hamilton

Price: $3,000

2 bedrooms, 1 bathrooms

1,000 sqft

Property Type: Condo

MLS#: X12631898

Welcome home to 308-555 Sanatorium Road - This bright and spacious 2 Bedroom, 1 Bathroom suite offers 1,063 sq. ft. of modern living in a beautifully redeveloped heritage building. Tall ceilings, large windows, and an open-concept layout fill the home with natural light. The modern kitchen features full-size stainless steel appliances and quartz countertops, while both generous bedrooms provide comfort and flexibility for working or relaxing. With a full bathroom, abundant living space, and refined finishes throughout, this suite delivers the perfect blend of charm and functionality. Locker and 1 parking spot included.

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$3,000 - 555 Sanitorium Road, Hamilton

Condo for Sale in Hamilton

78 days on market
2Beds
1Baths
1,000Sq Ft
Condo
Property Details
MLS Number
X12631898
Property Type
Condo
Status
active
Days on Site
78
Bedrooms
2
Bathrooms
1
Square Feet
1,000 sqft
Neighbourhood
Hamilton
Locker
Exclusive
Exposure
East
Balcony
Open
Listing Brokerage
ROYAL LEPAGE STATE REALTY
Description

Welcome home to 308-555 Sanatorium Road - This bright and spacious 2 Bedroom, 1 Bathroom suite offers 1,063 sq. ft. of modern living in a beautifully redeveloped heritage building. Tall ceilings, large windows, and an open-concept layout fill the home with natural light. The modern kitchen features full-size stainless steel appliances and quartz countertops, while both generous bedrooms provide comfort and flexibility for working or relaxing. With a full bathroom, abundant living space, and refined finishes throughout, this suite delivers the perfect blend of charm and functionality. Locker and 1 parking spot included.

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

555 Sanitorium Road, Hamilton

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,360/mo
Range: $2,006 - $2,714
Cap Rate (ROI)
682.8%
Excellent

Monthly Cash Flow Breakdown

Rental Income+$2,360
Maintenance Fees-$650
Property Tax (est.)-$2
Insurance (est.)-$1
Net Cash Flow+$1,707

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 $3/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.

Negotiation Opportunity

At 78 days on site, this property has exceeded the typical selling timeline for Hamilton. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.

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.

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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