47 Hannon Crescent, Hamilton
Hamilton
$789,000
Cash flow, cap rate & mortgage breakdown
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Listed by ROYAL LEPAGE STATE REALTY
Investment Analysis
Key Facts
Type
Att/Row/Townhouse
Bedrooms
2
Bathrooms
3
Days on Market
35
Price Drop
3%
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
Located in sought after Summit Park most desirable and family-friendly communities. This well-maintained free hold bungalow townhome offers convenient one-floor living with a bright and functional two-bedroom layout on the main level. The spacious living and dining area provide the perfect setting for everyday living and entertaining, while the eat-in kitchen offers ample cabinetry and workspace. The finished basement significantly expands the living space and features a second kitchen, a 2 piece washroom, also storage space and a large recreation area, offering excellent flexibility for extended family, guests, hobbies, or home office needs. Enjoy a low-maintenance lifestyle in a prime location close to parks, schools, shopping, restaurants, public transit, and easy highway access. RSA.
MississaugaInvestor.ca
47 Hannon Crescent
Att/Row/Townhouse · 2bd/3ba · ~1,300 sqft
$789,000
Cash-Flow Report · August 1, 2026
Cap Rate
2.08%
Monthly Cash Flow
-$2,265/mo
Estimated Rent
$3,240/mo
Cash-on-Cash
-15.71%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,240 |
| Mortgage | −$3,632 |
| Property Tax | −$828 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$658 |
| Vacancy (5%) | −$162 |
| Cash Flow | -$2,265/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$38,880 |
| Vacancy (5%) | −$1,944 |
| Property Tax | −$9,941 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$7,890 |
| Annual NOI | $16,405 |
| Cap Rate | 2.08% |
Cash Required to Close
| Down Payment (20%) | $157,800 |
| Ontario Land Transfer Tax | $12,255 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $173,055 |
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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