227 West 19th Street, Hamilton
Hamilton
$499,000
Cash flow, cap rate & mortgage breakdown
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Listed by ROYAL LEPAGE STATE REALTY
Investment Analysis
Key Facts
Type
Detached
Bedrooms
3
Bathrooms
2
Days on Market
87
Price Drop
6%
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
Fantastic opportunity to own a detached home in a desirable West Mountain location in Hamilton! Situated in the Buchanan neighbourhood on a large lot with a spacious backyard, this property offers incredible potential for buyers looking to renovate, invest, or create their dream home.The home features ample height in the basement and a long private driveway accommodating parking for three or more vehicles. Side entrance as well. Located in a family-friendly neighbourhood, you're just minutes from excellent schools including Mohawk College and Westmount Secondary School, a member of the Canadian Coalition of Self-Directed Learning. Enjoy easy access to parks, libraries, public transit, and quick highway connections for commuters.Whether you're a first-time buyer, investor, or renovator, this opportunity is your chance to get into a fantastic area and add your personal touch. Don't miss this property with loads of potential. Some photos are virtually staged.
MississaugaInvestor.ca
227 West 19th Street
Detached · 3bd/2ba · ~1,300 sqft
$499,000
Cash-Flow Report · July 31, 2026
Cap Rate
4.49%
Monthly Cash Flow
-$432/mo
Estimated Rent
$3,190/mo
Cash-on-Cash
-4.74%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,190 |
| Mortgage | −$2,297 |
| Property Tax | −$524 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$416 |
| Vacancy (5%) | −$160 |
| Cash Flow | -$432/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$38,280 |
| Vacancy (5%) | −$1,914 |
| Property Tax | −$6,287 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$4,990 |
| Annual NOI | $22,389 |
| Cap Rate | 4.49% |
Cash Required to Close
| Down Payment (20%) | $99,800 |
| Ontario Land Transfer Tax | $6,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $109,255 |
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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