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Step 1 – Pick a goal

Why did you first become interested in buying an income property? Do you want ongoing cash flow or are you planning to use it for your retirement fund? Think in terms of how much income you’re looking to generate and the time frame you want to work with. 

Step 2 – What is your strategy?

What investment strategy are you planning to follow? You could do house flipping, rent-to-own, buy and hold, a mix of flip and hold, or a joint venture with an investor. Your choice of strategy will depend on a bunch of different factors including available funding and risk tolerance.

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If you are buying a second property you will need to find a lender and a minimum of 20% for the down payment. Make sure you are approved for financing before potentially jeopardizing an offer. 

Step 4 – Talk to an investment real estate expert

Your Realtor should be able to help you narrow down some options for potential properties. The information you gathered in the previous steps will help them find an income property for you based on your investment strategy. 

Step 5 – Compare your options!

Look at the numbers on each investment property to compare and make the best choice for you. Take into consideration your mortgage and tax payments, utilities, vacancy allowance, estimated budget for repairs, upgrades and property management. 

Step 6 – Buy your income property

It’s time to invest! You’ve crossed your t’s, dotted your i’s and found the right income property for you. Buying your first income property doesn’t have to be a complicated venture. An experienced Realtor like me will make the process easier by offering insight and guidance. 

Step 1 – Pick a goal

Why did you first become interested in buying an income property? Do you want ongoing cash flow or are you planning to use it for your retirement fund? Think in terms of how much income you’re looking to generate and the time frame you want to work with.

Step 2 – What is your strategy?

What investment strategy are you planning to follow? You could do house flipping, rent-to-own, buy and hold, a mix of flip and hold, or a joint venture with an investor. Your choice of strategy will depend on a bunch of different factors including available funding and risk tolerance. 

Step 3 – What can you afford?

If you are buying a second property you will need to find a lender and a minimum of 20% for the down payment. Make sure you are approved for financing before potentially jeopardizing an offer. 

Step 4- Talk to an investment real estate expert

Your Realtor should be able to help you narrow down some options for potential properties. The information you gathered in the previous steps will help them find an income property for you based on your investment strategy.

Step 5 – Compare your options!

Look at the numbers on each investment property to compare and make the best choice for you. Take into consideration your mortgage and tax payments, utilities, vacancy allowance, estimated budget for repairs, upgrades and property management.

Step 6 – Buy your income property

It’s time to invest! You’ve crossed your t’s, dotted your i’s and found the right income property for you. Buying your first income property doesn’t have to be a complicated venture. An experienced Realtor like me will make the process easier by offering insight and guidance. 

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804 15 Albright Road

282 - Vincent Hamilton L8K 5J2

$307,000

Residential beds: 2 baths: 1.0 723 sq. ft. built: 1971

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• Details
• Photos
• Map

Status:

Active

Prop. Type:

Residential

MLS® Num:

40874360

Bedrooms:

2

Bathrooms:

1

Year Built:

1971

• Photos (35)

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This is more than a condo apartment-it's an active community with LOTS TO OFFER FROM SUNRISE TO SUNSET! Welcome to 15 Albright Road, Apartment 804, a bright, spacious home in Hamilton's southeast end, close to waterfalls, Glendale Golf Club and King's Forest trails, with quick, easy access to Red Hill Express, QEW Toronto / Niagara. Offering 723 sq. ft. of living space, this updated apartment features two bedrooms, one bathroom, a kitchen with stainless steel appliances, and a comfortable living and dining area. The kitchen and living spaces were updated in the past two years. Step out onto the large private balcony and enjoy stunning eighth-floor views of Hamilton Bay. The unit includes one outdoor parking space and a spacious 7ft x 4ft x 8ft high storage locker. This well-managed, pet-friendly building offers a brand-new sauna with an attached exercise room, shower and bathroom; a games room; a party room; an outdoor swimming pool with lifeguard and 24-hour video surveillance; a fenced in, outdoor, play area for the kids to enjoy (to be built soon) and a younger children's playground. Conveniently located near schools and the Sir Wilfrid Laurier Recreation Centre, with an indoor pool and double gym. Enjoy activities for all ages, including badminton, basketball, pickleball and volleyball, plus swimming in summer and skating in winter. ALL THIS...JUST STEPS FROM YOUR HOME! Additional inclusions/info: Fridge (purchased Dec. 2025), Stove (new October 2026), 2 Window Air Conditioners (August 2026), Bathroom redone in 25/26. Also, hall closet with storage shelves and lighting in 25/26. Kitchen Reno was in 24/25.

General Info:

Property Type:

Residential

Property SubType:

Condo/Apt Unit

Year built:

1971 (Age: 55)

Listing General Location:

282 - Vincent, 28 - Hamilton East

Bedrooms:

2

Bathrooms:

1.0 (Full:1/Half:0)

Frontage Type:

South

Kitchens:

1

Home Style:

Apartment

County Or Parish:

Hamilton

Taxes:

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Additional Info:

Property Attached:

Attached

Features:

Attached Garage: No, Crops Included: No, Garage: No, Common Elements Fee: No, New Construction: No

Construction:

Brick

Foundation:

Concrete Perimeter

Roof:

Flat

Entry Level:

8

Number of Buildings:

0

Other Structures:

Playground

Total Floor Area:

723 sq. ft.67.2 m2

# Main Level Bedrooms:

2

# Main Level Bathrooms:

1

Finished Area Above Grade:

723 sq. ft.67.2 m2

Fireplace:

false

Laundry Features:

Coin Operated, Common Area

Water Supply:

Municipal

Pool:

Outdoor Pool

Sewer:

Sewer (Municipal)

Cooling:

Window Unit(s)

Heating:

Baseboard, Gas Hot Water

Features Included:

Built-in Microwave,Dishwasher,Refrigerator,Stove,Window Coverings,Wine Cooler,All Curtains, Ceiling Fans, Pantry, Desk, Storage Cabinet In Kitchen, Bathroom Mirror, And 4 Chairs At Kitchen Island.

Appliances Included:

Built-in Microwave, Dishwasher, Refrigerator, Stove, Wine Cooler

Features Excluded:

Primary Bedroom Tv & Wall Mount

Interior Features:

Ceiling Fan(s)

Window Features:

Window Coverings

Exterior Features:

Balcony, Recreational Area

Association Amenities:

Elevator(s), Fitness Center, Game Room, Party Room, Playground, Pool, Sauna, Parking

Patio And Porch Features:

Open

Waterfront:

false

Docking:

No

Directions:

Red Hill to Quigley To Albright Rd

Senior Community:

No

Pets Allowed:

Yes

Room Information:

Floor

Type

Size

Other

Main Floor

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Main Floor

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Main Floor

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Main Floor

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Bathrooms:

Floor

Ensuite

Pieces

Other

Main Floor

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Financial Info:

HST Applicable To Sale Price:

Included

Association Fee:

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Association Fee Frequency:

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Association Fee 2:

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Association Fee 2 Frequency:

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Association Fee Includes:

Insurance,Common Elements,Heat,Parking,Snow Removal,Water,Other

Association Fee Remarks:

Also includes bike storage room

Administrative Fee:

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Features:

Attached Garage: No, Crops Included: No, Garage: No, Common Elements Fee: No, New Construction: No

Road Access Fee:

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Condo Corporation Number:

WCC 310

Condo Corporation:

Yes

Legal Info:

Zoning:

DE-2/S-75b

Land Info:

Exposure / Faces:

North

Lot Site Features:

Urban, Near Golf Course, Highway Access, Hospital, Park, Playground Nearby, Public Transit, Rec./Community Centre, School Bus Route, Schools, Shopping Nearby, Trails

Features:

Attached Garage: No, Crops Included: No, Garage: No, Common Elements Fee: No, New Construction: No

Parking:

Exclusive

Assigned Spaces:

73

# Of Total Parking Spaces:

1.0

# Of Open Parking Spaces:

1.0

Driveway Parking:

Outside/Surface/Open

Residential Revenue Info:

Total Units:

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Listing Info:

Listed Date:

Oct 27, 2026

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Listed by Royal LePage Macro Realty

Data was last updated November 6, 2026 at 09:50 AM (UTC)

Area Statistics

Listings on market:

21

Avg list price:

$419,888

Min list price:

$234,900

Max list price:

$724,000

Avg days on market:

15

Min days on market:

1

Max days on market:

92

Avg price per sq.ft.:

$346.74

These statistics are generated based on the current listing's property type and located in 282 - Vincent. Average values are derived using median calculations. This data is not produced by the MLS® system.

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• BIANCA MARIJAN
• CITY BROKERAGE
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The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) program of the London and St. Thomas Association of REALTORS®. The information herein is believed to be accurate and timely, but no warranty as such is expressed or implied.

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

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