
192 Catharine Street, Hamilton
Hamilton
$949,999
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX ESCARPMENT REALTY INC.
Investment Analysis
Key Facts
Type
Triplex
Bedrooms
4
Bathrooms
4
Days on Market
71
Price Drop
5%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
Estimated per-unit rents for triplex based on GTA rental market data
Remarks
A rare opportunity to take over a fully vacant property featuring three self-contained units, providing the flexibility to live in one unit or lease all three while selecting your own tenants at current market rents. Offering an excellent opportunity for both investors and owner-occupiers, this property combines character, modern updates, and strong income potential in one of the city's most desirable urban locations. The main floor unit features high ceilings, heated floors, air conditioning, in-unit laundry, and a walkout to the private backyard. Tastefully renovated throughout, this bright and inviting space offers a functional layout with modern finishes. The upper unit spans two levels, featuring a spacious and carefully designed layout, which includes a kitchen, living room, bedroom, and powder room. The top level offers a generous primary bedroom complete with a four-piece ensuite and walkout deck overlooking the backyard. The basement suite includes a kitchen, bedroom, updated bathroom, and in-unit laundry. All three units are equipped with separate in-unit laundry, adding convenience and appeal for tenants and future owners alike. Ideally situated just steps to St. Joseph's Hospital, Corktown Park, the Bruce Trail, transit, and downtown amenities. Enjoy walking distance to James Street South and Augusta Street, known for some of Hamilton's most popular restaurants, cafés, and entertainment. Perfect for investors or buyers looking to offset living expenses with supplementary rental income. Private driveway parking for up to three vehicles.
MississaugaInvestor.ca
192 Catharine Street
Triplex · 4bd/4ba · ~1,750 sqft
$949,999
Cash-Flow Report · July 31, 2026
Cap Rate
3.7%
Monthly Cash Flow
-$1,448/mo
Estimated Rent
$5,200/mo
Cash-on-Cash
-8.33%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$5,200 |
| Mortgage | −$4,373 |
| Property Tax | −$998 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$792 |
| Vacancy (5%) | −$260 |
| Cash Flow | -$1,448/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$62,400 |
| Vacancy (5%) | −$3,120 |
| Property Tax | −$11,970 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$9,500 |
| Annual NOI | $35,110 |
| Cap Rate | 3.7% |
Cash Required to Close
| Down Payment (20%) | $189,999.8 |
| Ontario Land Transfer Tax | $15,475 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $208,474.8 |
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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