114 Garside Avenue, Hamilton
Hamilton
$409,900
Cash flow, cap rate & mortgage breakdown
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Listed by Parkwood Realty & Appraisals Ltd., Brokerage
Investment Analysis
Key Facts
Type
Detached
Bedrooms
2
Bathrooms
1
Days on Market
98
Price Drop
9%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,000/mo
Estimated from market price-to-rent ratios
Remarks
Great Opportunity in East Hamilton. Cozy home with a new bathroom and new floors. Parking for two vehicles in the rear. Excellent for first time buyers or investors. **Interboard listing: Cornerstone Association of REALTORS**
MississaugaInvestor.ca
114 Garside Avenue
Detached · 2bd/1ba · ~900 sqft
$409,900
Cash-Flow Report · July 31, 2026
Cap Rate
2.64%
Monthly Cash Flow
-$984/mo
Estimated Rent
$2,000/mo
Cash-on-Cash
-13.17%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,000 |
| Mortgage | −$1,887 |
| Property Tax | −$430 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$342 |
| Vacancy (5%) | −$100 |
| Cash Flow | -$984/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$24,000 |
| Vacancy (5%) | −$1,200 |
| Property Tax | −$5,165 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$4,099 |
| Annual NOI | $10,836 |
| Cap Rate | 2.64% |
Cash Required to Close
| Down Payment (20%) | $81,980 |
| Ontario Land Transfer Tax | $4,673 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $89,653 |
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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