
222 Kensington Avenue, Hamilton
Hamilton
$399,900
Cash flow, cap rate & mortgage breakdown
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Listed by REVEL REALTY INC.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
2
Bathrooms
1
Days on Market
80
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$1,950/mo
Estimated from market price-to-rent ratios
Remarks
Nestled in the heart of Hamilton's vibrant Crown Point community, this beautifully remodelled bungalow is just steps from the trendy shops, cafés, and local favourites of Ottawa Street North, as well as the Centre on Barton. Situated on a spacious corner lot, this charming home underwent a complete top-to-bottom transformation in 2021 - fully stripped to the studs and rebuilt with new framing, insulation, roof, soffits, fascia, eavestroughs, HVAC, exterior siding, furnace, central air, plumbing, and electrical. Thoughtfully redesigned with modern finishes throughout, the home features soaring 14-foot vaulted ceilings that create a bright and airy atmosphere. Remodelled front and rear decks, along with a convenient rear exit to the backyard, add both functionality and outdoor enjoyment. Perfect for first-time buyers, downsizers, or anyone seeking a truly turnkey property, there is nothing left to do but move in and enjoy. Located in one of Hamilton's fastest-growing neighbourhoods, this is an exceptional opportunity to own a fully updated home in sought-after Crown Point.
MississaugaInvestor.ca
222 Kensington Avenue
Detached · 2bd/1ba · ~700 sqft
$399,900
Cash-Flow Report · August 1, 2026
Cap Rate
2.62%
Monthly Cash Flow
-$967/mo
Estimated Rent
$1,950/mo
Cash-on-Cash
-13.27%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,950 |
| Mortgage | −$1,841 |
| Property Tax | −$420 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$333 |
| Vacancy (5%) | −$98 |
| Cash Flow | -$967/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$23,400 |
| Vacancy (5%) | −$1,170 |
| Property Tax | −$5,039 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$3,999 |
| Annual NOI | $10,492 |
| Cap Rate | 2.62% |
Cash Required to Close
| Down Payment (20%) | $79,980 |
| Ontario Land Transfer Tax | $4,474 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $87,454 |
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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