242 Balmoral Avenue, Hamilton
Hamilton
$624,000
Cash flow, cap rate & mortgage breakdown
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Listed by CENTURY 21 MILLENNIUM INC.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
4
Bathrooms
3
Days on Market
34
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,800/mo
Estimated from market price-to-rent ratios
Remarks
Charming & Fully Renovated Century Home in Prime Crown Point with 2 parking spaces! Welcome tothis beautifully restored 2.5-story century home in Hamilton's vibrant Crown Pointneighborhood! Thoughtfully updated in 2022-2023 with over $150,000 in upgrades, this move-inready home blends historic character with modern convenience. Step inside to a stunningbrand-new white kitchen featuring stainless steelappliances and updated cabinetry. The home has been completely rewired with a new electricalpanel, new plumbing, and a new furnace & central A/C, ensuring efficiency and comfortyear-round. The main floor boasts a new 2-piece bath, while every bathroom has been tastefullyrenovated. Additional upgrades include new flooring, windows, doors, and shingles. A separateside entrance adds flexibility and the fully fenced backyard with a rear deck offers theperfect space for relaxing or entertaining. Just two blocks west of Ottawa Street, this home iswithin walking distance of boutiques, trendy restaurants, Centre Mall, and Gage Park.Conveniently located just 5 minutes from Red Hill Valley Parkway and QEW, commuting is abreeze. Whether you're a homeowner or investor, this fully upgraded home is a rare find in asought-after neighborhood. Don't miss out-schedule your private showing today. Home iscurrently tenanted A+++ tenants! Offer date July 7, 2026
MississaugaInvestor.ca
242 Balmoral Avenue
Detached · 4bd/3ba · ~1,300 sqft
$624,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.42%
Monthly Cash Flow
-$1,612/mo
Estimated Rent
$2,800/mo
Cash-on-Cash
-14.15%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,800 |
| Mortgage | −$2,872 |
| Property Tax | −$655 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$520 |
| Vacancy (5%) | −$140 |
| Cash Flow | -$1,612/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$33,600 |
| Vacancy (5%) | −$1,680 |
| Property Tax | −$7,862 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$6,240 |
| Annual NOI | $15,118 |
| Cap Rate | 2.42% |
Cash Required to Close
| Down Payment (20%) | $124,800 |
| Ontario Land Transfer Tax | $8,955 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $136,755 |
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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