
1 Vera Court, Hamilton
Hamilton
$799,900
Cash flow, cap rate & mortgage breakdown
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Listed by NEW ERA REAL ESTATE
Investment Analysis
Key Facts
Type
Detached
Bedrooms
4
Bathrooms
2
Days on Market
64
Price Drop
5%
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 investment opportunity or ideal multi-generational home! This spacious 4-level backsplit is situated on a large corner lot with dual frontages on a quiet cul-de-sac directly across from a park, offering excellent privacy, curb appeal and versatility. Currently configured as two separate income-generating units, this well-maintained property features 4 total bedrooms, 2 full bathrooms and separate laundry for each unit.The main floor/upper unit offers a bright and functional layout with a spacious living room filled with natural light, separate dining room with stylish accent wall and an updated kitchen complete with granite countertops, tiled backsplash and ample cupboard space. Three generous bedrooms and a 4pc bathroom complete the upper levels, making it perfect for families or quality tenants.The lower/basement unit features its own separate entrance and provides excellent additional income potential or private in-law accommodations. This unit includes a cozy family room, spacious bedroom, full 4pc bathroom and an updated kitchen with quartz countertops, tiled backsplash and plenty of storage space.Outside, the property continues to impress with a fully fenced yard ideal for children, pets and entertaining. Rare parking flexibility includes two separate driveways, a 1.5 car detached garage and an additional single car carport, providing ample parking for multiple vehicles or tenants.Located in a highly desirable family-friendly neighbourhood within walking distance to schools, parks and public transit. Conveniently close to highway access, shopping, restaurants and all major amenities. A rare opportunity offering space, functionality and outstanding income potential in a prime location!
MississaugaInvestor.ca
1 Vera Court
Detached · 4bd/2ba · ~1,300 sqft
$799,900
Cash-Flow Report · July 31, 2026
Cap Rate
2.95%
Monthly Cash Flow
-$1,719/mo
Estimated Rent
$3,890/mo
Cash-on-Cash
-11.76%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,890 |
| Mortgage | −$3,682 |
| Property Tax | −$840 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$667 |
| Vacancy (5%) | −$195 |
| Cash Flow | -$1,719/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$46,680 |
| Vacancy (5%) | −$2,334 |
| Property Tax | −$10,079 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$7,999 |
| Annual NOI | $23,568 |
| Cap Rate | 2.95% |
Cash Required to Close
| Down Payment (20%) | $159,980 |
| Ontario Land Transfer Tax | $12,473 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $175,453 |
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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