115 London Street, Hamilton
Hamilton
$474,900
Cash flow, cap rate & mortgage breakdown
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Listed by Culligan Real Estate Limited
Investment Analysis
Key Facts
Type
Detached
Bedrooms
3
Bathrooms
1
Days on Market
22
Price Drop
2%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,350/mo
Estimated from market price-to-rent ratios
Remarks
Located in the highly sought after, family friendly neighbourhood of Crown Point, this beautiful and well-maintained 3 bedroom, 1 bath century home is just a few steps away from trendy Ottawa Street. This home features classic finishes and framing with updated roof, windows, HVAC, and appliances including fridge & gas stove (2020), dishwasher (2026) and washer/dryer (2023). Ample storage space in the basement as well an off the dining room pantry, that could easily be converted into a main floor bathroom if desired. Enjoy sunny mornings on the spacious porch or escape to the well-shaded privacy of a grassy backyard that includes additional storage from a large shed. Walk outside and within minutes access all of the bars, restaurants, coffee shops, fitness studios, textiles and antique stores on Ottawa Street. Or enjoy the great outdoors and greenhouses at near by Gage Park. Never hassle of street parking again with easily accessible public transit and your own private parking at the rear of the property. Book your showing today to see the charm and convenience this home has to offer.
MississaugaInvestor.ca
115 London Street
Detached · 3bd/1ba · ~900 sqft
$474,900
Cash-Flow Report · August 1, 2026
Cap Rate
2.81%
Monthly Cash Flow
-$1,074/mo
Estimated Rent
$2,350/mo
Cash-on-Cash
-12.4%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,350 |
| Mortgage | −$2,186 |
| Property Tax | −$499 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$396 |
| Vacancy (5%) | −$118 |
| Cash Flow | -$1,074/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$28,200 |
| Vacancy (5%) | −$1,410 |
| Property Tax | −$5,984 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$4,749 |
| Annual NOI | $13,357 |
| Cap Rate | 2.81% |
Cash Required to Close
| Down Payment (20%) | $94,980 |
| Ontario Land Transfer Tax | $5,973 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $103,953 |
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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