
128 Canada Street, Hamilton
Hamilton
$1,299,999
Cash flow, cap rate & mortgage breakdown
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Listed by COLDWELL BANKER COMMUNITY PROFESSIONALS
Investment Analysis
Key Facts
Type
Detached
Bedrooms
3
Bathrooms
3
Days on Market
101
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Suite Potential (+$1,190/mo)
Rent Estimate
Estimated from market price-to-rent ratios · Verify suite legality with the City of Mississauga
Remarks
Welcome to 128 Canada Street - an exciting opportunity to own a newly built home in the heart of Kirkendall, making this a standout for buyers seeking modern design in one of Hamilton's most sought-after communities. Offering nearly 2,000sqft of thoughtfully designed living space, this home delivers both style and function. Buyers can expect engineered hardwood flooring throughout, pot lights, oversized windows, and custom built-ins anchored by a gas fireplace. At the heart of the home is a beautifully designed kitchen featuring a large island and a unique walk-in pantry/prep area complete with a coffee bar - a practical and stylish touch for everyday living. Upstairs, the spacious floorplan continues with three large bedrooms and two full baths, including a beautiful primary with escarpment views, a walk-in closet, and ensuite. The lower level truly sets this home apart, boasting impressive 12-foot ceilings, a roughed-in 3-piece bathroom, and a separate walk-up entrance. Whether you're envisioning an in-law suite, home office, or dedicated family space, this level offers exceptional flexibility. Outside, the expansive raised deck extends your living space outdoors, complete with a fully fenced yard, ideal for entertaining family and friends. You're just a short walk to Locke Street, one of Hamilton's most vibrant destinations, known for its cafés, restaurants, boutiques, and everyday amenities. With parks, trails, and top-rated schools nearby, this is a lifestyle defined by both convenience and community.
MississaugaInvestor.ca
128 Canada Street
Detached · 3bd/3ba · ~1,750 sqft
$1,299,999
Cash-Flow Report · July 31, 2026
Cap Rate
1.34%
Monthly Cash Flow
-$4,534/mo
Estimated Rent
$4,340/mo
Cash-on-Cash
-19.06%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$4,340 |
| Mortgage | −$5,984 |
| Property Tax | −$1,365 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$1,083 |
| Vacancy (5%) | −$217 |
| Cash Flow | -$4,534/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$52,080 |
| Vacancy (5%) | −$2,604 |
| Property Tax | −$16,380 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$13,000 |
| Annual NOI | $17,396 |
| Cap Rate | 1.34% |
Cash Required to Close
| Down Payment (20%) | $259,999.8 |
| Ontario Land Transfer Tax | $22,475 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $285,474.8 |
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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