May 31, 2026 Article about company buying up condos NOW June 2026 to resell them 3-4 years later. ARTICLE
I believe the condos in the Olympia will rebound as well.
So in time when they go up $100,000 that is tax free money you can make as a principal residence. In the meantime you can be paying down the principal.
This is good indicatioin of how millionaires buy when the prices are low, not when the market is high. They sell when the market is high.
This is the lowest priced condo for 1,000 sq.ft. in the whole area with wonderful amenties and a great lifestyle. Close to everything.
1,000 sq. ft. condo, Hamilton, Ontario, Steps to GO TRAIN
Now you can buy for almost the same price as it would cost to rent.
Details on this page.
Call anytime to chat 416-214-4875, Gary Nusca, Broker, Bridgecan Realty Corp. Brokerage
Link to this page: iciworld.com/402-2
Hamilton, Ontario, Canada
Two-bedroom condo in an upscale building in the Corktown Neighbourhood
The condo tower is the building on the left in the above picture.
These units were all priced between $300K and $400K, and I believe they will return to that range someday.
996 sq.ft. approximately, Balcony, 2 bath, 2 bedroom and almost 1,000 sq. ft.!
5 minutes to a Go Train Ride to Toronto or Mississauga
45 minutes to Toronto Pearson International Airport, 1 hr. to Toronto.
Amenities: Pool, Racquet Squash Court, Gym, Locker, Party Room, Sauna, Sun Deck/Patio, Underground Parking, Well-Managed, Security. All amenities in the area, parks, schools, shopping, restaurants, Go Train 4 minutes, have free WI-FI access between Hamilton and Toronto. etc.
Tenants include a mix of upscale professionals, young doctors, interns, nurses, seniors and retirees, young couples with a baby, single people, and couples, as well as some university students and people who work in Toronto.
Why Own Suite 402 at 150 Charlton Ave. E., Hamilton?
Suite 402 offers an affordable opportunity to own a spacious 2-bedroom, 2-bath condo in Hamilton’s desirable Corktown area. Enjoy approximately 996 sq. ft., underground parking, building amenities, and a convenient location near hospitals, transit, schools, golf, the marina, downtown Hamilton, and the escarpment.
Ideal for first-time buyers, downsizers, or investors looking for value, location, and long-term ownership instead of renting.
Benefits of Owning a Condo at 150 Charlton Ave. E. Suite 402
Owning a condominium can be one of the most affordable and practical ways to build equity, enjoy home ownership, and secure your financial future. Suite 402 offers an opportunity to own your own home instead of paying rent while enjoying the convenience of condominium living.
✔ Build Equity Instead of Paying Rent
Every mortgage payment helps build ownership in your property. Rather than paying a landlord, you are investing in an asset that may appreciate over time.
✔ Affordable Entry Into Home Ownership
Condominiums are often one of the most affordable ways for first-time buyers to enter the real estate market while enjoying many of the benefits of home ownership.
✔ Less Maintenance and More Free Time
No cutting grass, shoveling snow, repairing roofs, or maintaining exterior grounds. The condominium corporation handles many of these responsibilities, giving owners more time to enjoy life.
✔ Ideal for Downsizers
For those looking to simplify life, a condo can provide comfortable living space without the work and expense of maintaining a larger home.
✔ Convenient Hamilton Location
Located in Hamilton’s sought-after Corktown neighbourhood, Suite 402 offers convenient access to hospitals, downtown Hamilton, shopping, restaurants, parks, transit, the GO Station, mountain access, and major highways.
✔ Security and Peace of Mind
Many condominium owners appreciate the controlled access, secured entry systems, underground parking, and the comfort of living in a well-managed building.
✔ Predictable Lifestyle
Condominium living can make budgeting easier because many building maintenance expenses are shared among owners through condominium fees.
✔ Excellent for Professionals and Retirees
Whether you are a busy professional, retiree, investor, or first-time buyer, condominium ownership offers a lifestyle that combines convenience, affordability, and accessibility.
✔ Potential Long-Term Appreciation
Real estate has historically been one of the preferred ways Canadians build wealth. While future values cannot be guaranteed, ownership allows you to participate in potential market appreciation over time.
Why Pay Rent When You Can Own?
Suite 402 at 150 Charlton Ave. E. offers an opportunity to enjoy the benefits of home ownership in a convenient Hamilton location.
Other Benefits
* **Stop Paying Rent. Start Building Equity.**
* **Own Your Home. Build Your Future.**
* **The Advantages of Condo Ownership in Hamilton**
* **Why Suite 402 May Be the Smart Move You’ve Been Waiting For**
* **Affordable Home Ownership in Hamilton’s Corktown District**
* **A Comfortable Lifestyle with Less Maintenance and More Freedom**
* **Build Wealth Through Real Estate Ownership Instead of Rent Payments**
For first-time buyers, “Stop Paying Rent. Start Building Equity.”
Provided by:
Bridgecan Realty Corp., Brokerage
L8V 2H7
Cell 416-214-4875
Near St. Joseph’s hospital
150 Charlton Ave. E., Suite 402
Hamilton, Ontario
Visit website: www.hamiltontotorontorealestate.com
Click to see Link to listing
Here is a buyer-friendly version you can use:
Click to see Condo MLS 40791685
Estimated Monthly Cost
Purchase Price: $274,900
Assumed Interest Rate: 4.5%
Amortization: 25 years
Example: 5% Down Payment
Down payment: $13,745
Mortgage before insurance: $261,155
Approx. insured mortgage: $271,601
Estimated mortgage payment: $1,510/month
Condo fee: $1,000/month
Property taxes: $200/month
Estimated Total Monthly Cost
$2,710/month
Normally, before utilities, insurance, and any lender adjustments.
In the case of 150 Charlton Ave. E. includes utilities, heat, hydro, water, and those utilities included. So, really, it is like $2,400 plus utilities.
Buyer Message
For approximately $2,710 per month, a first-time buyer can own this Ontario condo, build equity instead of paying rent, and have the mortgage fully paid off over 25 years, assuming regular payments and no refinancing.
20% Down Example
Down payment: $54,980
Mortgage: $219,920
Mortgage payment: $1,222/month
Total with condo fee and taxes: $2,422/month
Important note: Final payments depend on lender approval, mortgage insurance, credit, exact rate, closing costs, and condo status certificate review.
Search conducted May 24, 2026, Hamilton 2-bedroom Condos. RESULTS.
Only 10 2-bedroom units out of 185 are under $300,000 on the MLS! And may I suggest Unit #402 is the best for the money? Why? Because it is basically 1,000 sq. ft. in a prime, upscale, glass-structured building. Used to the 3rd tallest building in Ontario west of Mississauga, with the only higher building the CN Tower and Century 21 on Main St., Hamilton. Many say it feels like a new building because of the recent improvements.
UNIT 402 For Sale is Vacant, Ready to Move In
The following pictures give you an idea of how another unit is furnished.
UNIT 402 For Sale is Vacant
The following pictures give you an idea of how it can be furnished.
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LINKS
Corktown is one of Hamilton’s oldest and most historic neighborhoods. Bounded by Main Street East to the north, Wellington Street to the east, the Niagara Escarpment to the south, and James Street South to the west, it is a highly walkable community famous for its 19th-century charm, rich diversity, and proximity to downtown. [1, 2, 3, 4]
- History & Character: Originally settled by Irish immigrants in the 1800s, the area features beautiful historic row houses and deep working-class roots.
- Transit & Commuting: Highly convenient for commuters, housing the Hamilton GO Station (formerly the TH&B station) and providing quick access to local public transit.
- Green Space & Outdoors: Residents enjoy multiple local green spaces, notably Corktown Park and Shamrock Park, which feature playgrounds, basketball courts, and direct access to the Escarpment Rail Trail.
- Local Amenities: The neighbourhood is situated right next to St. Joseph’s Hospital and is famous for its vibrant pub culture, including the longstanding Corktown Pub.
- Community Engagement: The active Corktown Neighbourhood Association frequently organizes local events and acts as an advocate for community stewardship. [1, 2, 3, 4, 5, 6, 7, 8]
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Key pillars of Hamilton’s identity include:
- The Waterfall Capital: The Niagara Escarpment runs through the city, featuring over 100 distinct waterfalls. Popular spots include Webster’s Falls, Tews Falls, and Albion Falls.
- Industrial Heritage (“Steeltown”): Home to massive steel producers like Stelco and Dofasco, the city has deep working-class roots.
- Arts & Culture: Hamilton is known for its thriving arts scene, highlighted by the annual Supercrawl arts and music festival and the Art Gallery of Hamilton.
- The Birthplace of Tim Hortons: The first-ever Tim Hortons location opened on Ottawa Street North in 1964.
- Vast Nature & Trails: Criss-crossed by the 900+ km Bruce Trail, it offers extensive outdoor and hiking recreation.
- Historic Landmarks: The city features major attractions like the Canadian Warplane Heritage Museum and the Hamilton Farmers’ Market, which has been operating since 1837.
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- Bargain Hunting: Many millionaires act as bargain hunters during recessions, foreclosures, or estate sales to secure properties significantly below market value.
- Less Competition: They frequently buy during quieter periods—such as the late fall and winter in local markets like Hamilton—when there is less buyer competition and more motivated sellers.
- Capitalizing on Cash: Because they have high liquidity, wealthy buyers are well-positioned to take advantage of discounted prices without relying as heavily on standard mortgages. [1, 2, 3, 4, 5]
- Focus on Fundamentals: In strong markets, millionaires rely on the fundamentals of a “good deal” rather than waiting for crashes. They target cash-flowing assets where the rental income comfortably covers all expenses, taxes, and maintenance.
- Leveraging Existing Wealth: Instead of cashing out stocks or bonds, they frequently use their existing portfolios as collateral for interest-only loans. This allows their other investments to continue compounding while they acquire property.
- Focus on Long-Term Value: Institutional and high-net-worth buyers prioritize prime locations with long-term appreciation potential and limited construction supply. [1, 2, 3, 4, 5]