
476 East 37th Street, Hamilton
Hamilton
$739,900
Cash flow, cap rate & mortgage breakdown
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Listed by Halton Heritage Realty Inc.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
4
Bathrooms
3
Days on Market
39
Price Drop
1%
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
Welcome to 476 East 37th Street, a rare opportunity to own a spacious family home lovingly maintained by the same owners since 1956! Much larger than it appears, this exceptional residence was expanded in 1977 with the addition of a generous family room and fully finished basement below, creating ideal space for growing families and entertaining. Situated on an impressive 49' x 150' pool size lot, the property offers excellent curb appeal, parking for five vehicles, a separate side entrance, and a private partially fenced backyard. Inside, you will find a bright eat-in kitchen with timeless oak cabinetry, a formal living room, and a spacious family room featuring hardwood flooring, a cozy gas fireplace, and an expansive dining area designed to comfortably host large family gatherings and entertaining. Garden doors lead to the patio and oversized backyard, creating a seamless indoor-outdoor living experience. The main floor offers two bedrooms and a 4-piece bathroom, while the upper-level features two additional bedrooms and a convenient 2-piece bath. The finished lower level provides exceptional flexibility with a recreation room, games room with fireplace, laundry area, 3-piece bathroom, and a bonus room perfect for a home office, storage, or potential future bedroom or kitchen. Located in the desirable Macassa neighbourhood on the Hamilton Mountain, this home is close to schools, parks, shopping, transit, and offers easy access to the LINC, Red Hill Valley Parkway, and Highway 403. Proudly cared for by the same family for seven decades, this cherished home offers outstanding space, versatility, and endless potential for its next family.
MississaugaInvestor.ca
476 East 37th Street
Detached · 4bd/3ba · ~2,250 sqft
$739,900
Cash-Flow Report · August 3, 2026
Cap Rate
3.21%
Monthly Cash Flow
-$1,425/mo
Estimated Rent
$3,790/mo
Cash-on-Cash
-10.54%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,790 |
| Mortgage | −$3,406 |
| Property Tax | −$777 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$617 |
| Vacancy (5%) | −$190 |
| Cash Flow | -$1,425/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$45,480 |
| Vacancy (5%) | −$2,274 |
| Property Tax | −$9,323 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$7,399 |
| Annual NOI | $23,784 |
| Cap Rate | 3.21% |
Cash Required to Close
| Down Payment (20%) | $147,980 |
| Ontario Land Transfer Tax | $11,273 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $162,253 |
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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