78 George Street, Hamilton
Hamilton
$989,900
Cash flow, cap rate & mortgage breakdown
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Listed by Coldwell Banker Community Professionals
Investment Analysis
Key Facts
Type
Triplex
Bedrooms
3
Bathrooms
3
Days on Market
28
Price Drop
6%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
Estimated per-unit rents for triplex based on GTA rental market data
Remarks
Located right in the heart of Hamilton and in the newly formed Hess Village BIA, this building has 2 Residential Units and 1 Commercial Unit (most recently used for retail, but zoned R2 so can have a number of uses) that could easily be converted to an office or another residential unit and each with their own parking spot as well as a full unfinished basement. Tons of foot traffic with all of the new developments happening within just a few blocks and being between King St W and Main St W means accessibility to or from any part of the city is a breeze. Second floor unit has just been renovated top to bottom (2025) with new open concept layout, new appliances and a new bathroom.
MississaugaInvestor.ca
78 George Street
Triplex · 3bd/3ba · ~1,750 sqft
$989,900
Cash-Flow Report · July 31, 2026
Cap Rate
3%
Monthly Cash Flow
-$2,085/mo
Estimated Rent
$4,800/mo
Cash-on-Cash
-11.52%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$4,800 |
| Mortgage | −$4,556 |
| Property Tax | −$1,039 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$825 |
| Vacancy (5%) | −$240 |
| Cash Flow | -$2,085/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$57,600 |
| Vacancy (5%) | −$2,880 |
| Property Tax | −$12,473 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$9,899 |
| Annual NOI | $29,648 |
| Cap Rate | 3% |
Cash Required to Close
| Down Payment (20%) | $197,980 |
| Ontario Land Transfer Tax | $16,273 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $217,253 |
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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