23 Britannia Avenue, Hamilton
Hamilton
$415,000
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX TWIN CITY REALTY INC.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
2
Bathrooms
1
Days on Market
21
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,000/mo
Estimated from market price-to-rent ratios
Remarks
Live just steps from the heart of Hamilton's beloved Ottawa Street Farmers' Market in this beautifully updated 2-bedroom, 1-bathroom, 1.5-storey home. Full of charm and modern appeal, this move-in-ready property offers the perfect balance of character and comfort with stylish updates throughout. Enjoy a bright and smart functional layout designed for easy living. Located in one of Hamilton's most vibrant and walkable communities, you'll love being moments from local cafés, boutique shopping, restaurants, and neighbourhood events along Ottawa Street. A perfect opportunity for buyers looking to enjoy city living with a true community feel.
MississaugaInvestor.ca
23 Britannia Avenue
Detached · 2bd/1ba · ~700 sqft
$415,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.58%
Monthly Cash Flow
-$1,017/mo
Estimated Rent
$2,000/mo
Cash-on-Cash
-13.44%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,000 |
| Mortgage | −$1,910 |
| Property Tax | −$436 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$346 |
| Vacancy (5%) | −$100 |
| Cash Flow | -$1,017/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$24,000 |
| Vacancy (5%) | −$1,200 |
| Property Tax | −$5,229 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$4,150 |
| Annual NOI | $10,721 |
| Cap Rate | 2.58% |
Cash Required to Close
| Down Payment (20%) | $83,000 |
| Ontario Land Transfer Tax | $4,775 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $90,775 |
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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