
494 Ferguson Avenue, Hamilton
Hamilton
$724,900
Cash flow, cap rate & mortgage breakdown
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Listed by RIGHT AT HOME REALTY
Investment Analysis
Key Facts
Type
Detached
Bedrooms
3
Bathrooms
2
Days on Market
73
Price Drop
3%
Year Built
N/A
Status
Active
Basement Income
Finished Basement
Rent Estimate
$2,600/mo
Estimated from market price-to-rent ratios
Remarks
Beautifully renovated raised bungalow in Hamilton's North End, just steps to Bayfront Park, West Harbour GO, Pier 8, and the shops and restaurants of James Street North. This home has been updated throughout and offers a bright, modern interior with quality finishes including hardwood flooring, an updated kitchen with granite counters and stainless steel appliances, and two full bathrooms. The main level features 3 spacious bedrooms and a functional layout ideal for families or downsizers alike. The lower level is currently set up as a separate unit with its own bathroom, laundry, and kitchenette, offering excellent income potential or flexibility for extended family, and can easily be converted back to a full single family home. Additional highlights include laundry on both levels, a single car garage, and a poured concrete driveway with parking for multiple vehicles. A turnkey property in a rapidly growing neighbourhood with future development all around.
MississaugaInvestor.ca
494 Ferguson Avenue
Detached · 3bd/2ba · ~1,300 sqft
$724,900
Cash-Flow Report · July 31, 2026
Cap Rate
1.46%
Monthly Cash Flow
-$2,457/mo
Estimated Rent
$2,600/mo
Cash-on-Cash
-18.55%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,600 |
| Mortgage | −$3,337 |
| Property Tax | −$761 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$604 |
| Vacancy (5%) | −$130 |
| Cash Flow | -$2,457/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$31,200 |
| Vacancy (5%) | −$1,560 |
| Property Tax | −$9,134 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$7,249 |
| Annual NOI | $10,557 |
| Cap Rate | 1.46% |
Cash Required to Close
| Down Payment (20%) | $144,980 |
| Ontario Land Transfer Tax | $10,973 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $158,953 |
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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