215 Walter Avenue, Hamilton
Hamilton
$589,900
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX REAL ESTATE CENTRE INC.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
5
Bathrooms
2
Days on Market
212
Price Drop
14%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$3,000/mo
Estimated from market price-to-rent ratios
Remarks
Fantastic opportunity for first-time home buyers! This recently renovated 1.5-storey home features a spacious and functional floor plan and is situated on a large corner lot. Enjoy the convenience of a detached 1.0-car garage plus parking for multiple vehicles in the newly paved driveway. Recent updates include a modern kitchen with quartz countertops and newer appliances, updated bathrooms, roof, fascia, eavestroughs, downspouts, 3/4" copper water line to the home, basement water proofing system completed with 20 year warranty, fresh paint throughout, new light fixtures, flooring, window coverings, and select plumbing and electrical upgrades. ndscapinmpleted when better weather arrives. Ideally located just steps to prime public transit and Viscount Montgomery Elementary School, with Churchill Secondary School and Recreation Centre only a short walk away. A move-in-ready home offering excellent value in a convenient, family-friendly location.
MississaugaInvestor.ca
215 Walter Avenue
Detached · 5bd/2ba · ~1,300 sqft
$589,900
Cash-Flow Report · July 31, 2026
Cap Rate
3.08%
Monthly Cash Flow
-$1,201/mo
Estimated Rent
$3,000/mo
Cash-on-Cash
-11.15%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,000 |
| Mortgage | −$2,715 |
| Property Tax | −$619 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$492 |
| Vacancy (5%) | −$150 |
| Cash Flow | -$1,201/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$36,000 |
| Vacancy (5%) | −$1,800 |
| Property Tax | −$7,433 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$5,899 |
| Annual NOI | $18,168 |
| Cap Rate | 3.08% |
Cash Required to Close
| Down Payment (20%) | $117,980 |
| Ontario Land Transfer Tax | $8,273 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $129,253 |
Assumptions: 20% down · 4.89% rate · 25yr amort · Canadian semi-annual compounding · $225/mo insurance · maintenance reserve = greater of 8% of rent or 1% of value/yr (condo fee replaces it) · 5% vacancy · rent estimated from neighbourhood MLS comps. All figures are estimates — verify with a licensed professional before making an investment decision.
Prepared by Hamza Nouman · RECO-registered Investor Specialist · 647-609-1289 · hamza@nouman.ca · MississaugaInvestor.ca
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