600 North Service Road Unit 501, Hamilton

Price: $545,000

2 bedrooms, 2 bathrooms

800 sqft

Property Type: Condo

MLS#: X12970272

Fantastic Opportunity in STONEY CREEK'S coveted waterfront neighbourhood! Stylish two bedroom unit with 2 parking spots! Custom glass shower with recessed lighting, modern kitchen with extended cabinets, stainless steel appliances, and vinyl plank floors. Enjoy the COMO's thoughtfully designed amenities, including an indoor social room, a rooftop BBQ and lounge area for entertaining, a bark park for your furry friends, and even a bark spa! Includes 1 underground parking, 1 on ground parking and a locker for extra storage. Great Hwy access, shopping, park, trails, and waterfront nearby. Don't miss out!

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$545,000 - 600 North Service Road Unit 501, Hamilton

Condo for Sale in Hamilton

2Beds
2Baths
800Sq Ft
Condo
Property Details
MLS Number
X12970272
Property Type
Condo
Status
active
Days on Site
23
Bedrooms
2
Bathrooms
2
Square Feet
800 sqft
Neighbourhood
Hamilton
Locker
Owned
Exposure
South
Balcony
Open
Listing Brokerage
ROYAL LEPAGE NRC REALTY
Description

Fantastic Opportunity in STONEY CREEK'S coveted waterfront neighbourhood! Stylish two bedroom unit with 2 parking spots! Custom glass shower with recessed lighting, modern kitchen with extended cabinets, stainless steel appliances, and vinyl plank floors. Enjoy the COMO's thoughtfully designed amenities, including an indoor social room, a rooftop BBQ and lounge area for entertaining, a bark park for your furry friends, and even a bark spa! Includes 1 underground parking, 1 on ground parking and a locker for extra storage. Great Hwy access, shopping, park, trails, and waterfront nearby. Don't miss out!

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,796.13/mo

Includes CMHC insurance ($15,206)

$
$
5%10%50%

5-yr fixed avg.

Principal: $490,500Interest: $333,134
Mortgage Amount$505,706
Total Interest$333,134
Est. Property Tax$386/mo
Total Cost$838,840

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

600 North Service Road Unit 501, 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)
2.6%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,200
Maintenance Fees-$520
Property Tax (est.)-$386
Insurance (est.)-$114
Net Cash Flow+$1,180

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 $681/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 23 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 800 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.

Investment Perspective

Looking at this as an investment: Hamilton properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,271 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.

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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