188 Haddon Avenue, Hamilton
Hamilton
$649,900
Cash flow, cap rate & mortgage breakdown
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Listed by BAY STREET GROUP INC.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
5
Bathrooms
2
Days on Market
33
Price Drop
3%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$3,050/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to 188 Haddon Avenue S, a clean, well-maintained, and move-in-ready home located in a quiet and convenient neighbourhood just minutes from McMaster University. This attractive property offers 3+2 bedrooms and 2 bathrooms, providing excellent flexibility for families, students, investors, or those looking for additional living space. The renovated kitchen adds modern comfort, while the functional layout makes the home easy to enjoy or rent out. Immediate possession is available, making this a great opportunity for buyers looking for a quick closing. Enjoy quick access to downtown Hamilton, Dundas, Ancaster, major shopping centres, large retail stores, and Highway 403 for commuters heading toward Toronto. With its convenient location, strong rental potential, and move-in-ready condition, this home is a fantastic opportunity. Easy to view - book your private showing today!
MississaugaInvestor.ca
188 Haddon Avenue
Detached · 5bd/2ba · ~900 sqft
$649,900
Cash-Flow Report · August 4, 2026
Cap Rate
2.67%
Monthly Cash Flow
-$1,543/mo
Estimated Rent
$3,050/mo
Cash-on-Cash
-13%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,050 |
| Mortgage | −$2,991 |
| Property Tax | −$682 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$542 |
| Vacancy (5%) | −$153 |
| Cash Flow | -$1,543/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$36,600 |
| Vacancy (5%) | −$1,830 |
| Property Tax | −$8,189 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$6,499 |
| Annual NOI | $17,382 |
| Cap Rate | 2.67% |
Cash Required to Close
| Down Payment (20%) | $129,980 |
| Ontario Land Transfer Tax | $9,473 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $142,453 |
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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