49 WEST 3RD Street, Hamilton
Hamilton
$549,900
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX ESCARPMENT REALTY INC.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
7
Bathrooms
2
Days on Market
52
Price Drop
8%
Year Built
N/A
Status
Active
Basement Income
Suite Potential (+$1,445/mo)
Rent Estimate
Estimated from market price-to-rent ratios · Verify suite legality with the City of Mississauga
Remarks
Few steps walk to College, shopping and buses. This well maintained bungalow has a 4 bedrooms, kitchen and 4PC washroom at main floor; IN-LAW 3 bed rms, kitchen and 3 PC washroom at lower level with separate entrance. Hardwood floors at main level. Nice paved drive way. Big fenced yard. RSA. New Roof Shingles, -2023
MississaugaInvestor.ca
49 WEST 3RD Street
Detached · 7bd/2ba · ~900 sqft
$549,900
Cash-Flow Report · August 1, 2026
Cap Rate
6.05%
Monthly Cash Flow
+$242/mo
Estimated Rent
$4,245/mo
Cash-on-Cash
2.41%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$4,245 |
| Mortgage | −$2,531 |
| Property Tax | −$577 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$458 |
| Vacancy (5%) | −$212 |
| Cash Flow | +$242/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$50,940 |
| Vacancy (5%) | −$2,547 |
| Property Tax | −$6,929 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$5,499 |
| Annual NOI | $33,265 |
| Cap Rate | 6.05% |
Cash Required to Close
| Down Payment (20%) | $109,980 |
| Ontario Land Transfer Tax | $7,473 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $120,453 |
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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