235 Mead Avenue, Hamilton
Hamilton
$649,000
Cash flow, cap rate & mortgage breakdown
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Listed by iCloud Realty Ltd.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
4
Bathrooms
3
Days on Market
28
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Finished Basement
Rent Estimate
$2,800/mo
Estimated from market price-to-rent ratios
Remarks
Amazing 1,730 sqft of stylish living space with a finished basement, this 3-bedroom, 2.5-bath house. This property is the perfect blend of modern design, functionality, and family comfort - a wonderful place to call beautiful home in one of the Hamilton's most charming and connected neighborhoods. Beautifully maintained home located in a desirable Hamilton neighborhood. This property offers a functional layout with bright and spacious living areas, generously sized bedrooms, and plenty of natural light throughout. Ideal for first-time buyers, growing families, or investors. Conveniently located close to schools, parks, shopping, public transit, major highways, and other everyday amenities. Hamilton Beach and the scenic waterfront trails, this home offers the best of both worlds - a peaceful, family-oriented community with easy access to the lake, parks, schools, and major routes. Whether you're a first-time buyer, downsizer, or investor, this property checks all the boxes. A must-see.
MississaugaInvestor.ca
235 Mead Avenue
Detached · 4bd/3ba · ~1,300 sqft
$649,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.24%
Monthly Cash Flow
-$1,774/mo
Estimated Rent
$2,800/mo
Cash-on-Cash
-14.96%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,800 |
| Mortgage | −$2,987 |
| Property Tax | −$681 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$541 |
| Vacancy (5%) | −$140 |
| Cash Flow | -$1,774/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$33,600 |
| Vacancy (5%) | −$1,680 |
| Property Tax | −$8,177 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$6,490 |
| Annual NOI | $14,553 |
| Cap Rate | 2.24% |
Cash Required to Close
| Down Payment (20%) | $129,800 |
| Ontario Land Transfer Tax | $9,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $142,255 |
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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