15- 270 Melvin Avenue, Hamilton
Hamilton
$499,900
Cash flow, cap rate & mortgage breakdown
Enter your email to unlock them right here.
Free forever. No credit card. Unsubscribe anytime.
Listed by RE/MAX ESCARPMENT TEAM LOGUE REALTY
Investment Analysis
Key Facts
Type
Att/Row/Townhouse
Bedrooms
3
Bathrooms
2
Days on Market
23
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,250/mo
Estimated from market price-to-rent ratios
Remarks
Welcome home. This fabulous 3-storey freehold townhome offers stylish, low-maintenance living with a low road allowance fee and an unbeatable location close to the LINC, shopping, restaurants, and everyday amenities. Built in 2022, this move-in-ready home features 3 bedrooms, 2 bathrooms, and a versatile main-level den with oversized closets and walkout access, perfect for a home office, gym, or additional living space. The bright open-concept second level showcases a stunning kitchen with white cabinetry, stainless appliances, stone countertops, and a large island with seating, flowing seamlessly into the dining area and spacious living room with access to a private balcony. Upstairs, the primary bedroom offers double closets, accompanied by two additional bedrooms, a 4-piece bathroom, and the convenience of bedroom-level laundry. An exceptional opportunity for first-time buyers, young families, or investors seeking a modern home in a fantastic location.
MississaugaInvestor.ca
15- 270 Melvin Avenue
Att/Row/Townhouse · 3bd/2ba · ~1,750 sqft
$499,900
Cash-Flow Report · July 31, 2026
Cap Rate
2.33%
Monthly Cash Flow
-$1,331/mo
Estimated Rent
$2,250/mo
Cash-on-Cash
-14.59%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,250 |
| Mortgage | −$2,301 |
| Property Tax | −$525 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$417 |
| Vacancy (5%) | −$113 |
| Cash Flow | -$1,331/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$27,000 |
| Vacancy (5%) | −$1,350 |
| Property Tax | −$6,299 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$4,999 |
| Annual NOI | $11,652 |
| Cap Rate | 2.33% |
Cash Required to Close
| Down Payment (20%) | $99,980 |
| Ontario Land Transfer Tax | $6,473 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $109,453 |
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
Get the Full Cash-Flow Report
A one-page PDF: cap rate, cash flow, mortgage breakdown, NOI and total cash to close — all assumptions in one printable summary.
Also unlocks cap rate, sold comps & mortgage detail.