
197 East 12th Street, Hamilton
Hamilton
$599,900
Cash flow, cap rate & mortgage breakdown
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Listed by ROYAL LEPAGE STATE REALTY
Investment Analysis
Key Facts
Type
Detached
Bedrooms
3
Bathrooms
2
Days on Market
26
Price Drop
None
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
Welcome to 197 East 12th Street! This charming 1-storey home offers an abundance of finished living space, thoughtful updates, and exceptional versatility. The beautifully renovated kitchen and updated main bathroom bring a modern touch, while the functional layout features two bedrooms on the main floor and an oversized third bedroom upstairs, ideal as a spacious primary retreat, home office, or bonus family room. The finished basement features a separate entrance, an additional bedroom, and a kitchenette, offering excellent flexibility for extended family, guests, or in-law living. At the rear of the home, a fully enclosed sunroom with a hot tub hookup provides the perfect space to relax and entertain year-round. Outside, the spacious backyard offers plenty of room for children, pets, gardening, or summer gatherings. Beautifully maintained and full of character, this home is move-in ready while offering incredible potential to make it your own. Conveniently located close to schools, parks, shopping, transit, and major commuter routes, this is an opportunity you won't want to miss!
MississaugaInvestor.ca
197 East 12th Street
Detached · 3bd/2ba · ~1,750 sqft
$599,900
Cash-Flow Report · August 1, 2026
Cap Rate
3.64%
Monthly Cash Flow
-$943/mo
Estimated Rent
$3,340/mo
Cash-on-Cash
-8.61%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,340 |
| Mortgage | −$2,761 |
| Property Tax | −$630 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$500 |
| Vacancy (5%) | −$167 |
| Cash Flow | -$943/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$40,080 |
| Vacancy (5%) | −$2,004 |
| Property Tax | −$7,559 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$5,999 |
| Annual NOI | $21,818 |
| Cap Rate | 3.64% |
Cash Required to Close
| Down Payment (20%) | $119,980 |
| Ontario Land Transfer Tax | $8,473 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $131,453 |
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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