
43 Morrison Drive, Hamilton
Hamilton
$1,499,000
Cash flow, cap rate & mortgage breakdown
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Listed by DANMAR EMPIRE REAL ESTATE CORP.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
4
Bathrooms
4
Days on Market
40
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$3,700/mo
Estimated from market price-to-rent ratios
Remarks
Gorgeous and Immaculate 3,149 Sq. Ft. Rosehaven Home Situated on a Premium Lot with a Lookout Basement! This Professionally Painted Home Features a Bright, Open-Concept Layout, 9-Ft Ceilings, and Hardwood Flooring Throughout the Main and Second Floors. The Chef-Inspired Kitchen Is Equipped with High-End Luxury Appliances, an Elegant Backsplash, Granite Countertops, and Ample Cabinetry. The Spacious Primary Bedroom Offers a Luxurious 5-Piece Ensuite and Separate His-and-Hers Walk-In Closets. Two Bedrooms Feature Private En-suites, While Every Bedroom Has Direct Access to a Bathroom. No Carpet Throughout. A Truly Stunning Home That Must Be Seen!
MississaugaInvestor.ca
43 Morrison Drive
Detached · 4bd/4ba · ~3,250 sqft
$1,499,000
Cash-Flow Report · August 1, 2026
Cap Rate
0.37%
Monthly Cash Flow
-$6,433/mo
Estimated Rent
$3,700/mo
Cash-on-Cash
-23.45%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,700 |
| Mortgage | −$6,900 |
| Property Tax | −$1,574 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$1,249 |
| Vacancy (5%) | −$185 |
| Cash Flow | -$6,433/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$44,400 |
| Vacancy (5%) | −$2,220 |
| Property Tax | −$18,887 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$14,990 |
| Annual NOI | $5,603 |
| Cap Rate | 0.37% |
Cash Required to Close
| Down Payment (20%) | $299,800 |
| Ontario Land Transfer Tax | $26,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $329,255 |
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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