38 Southshore Crescent, Hamilton
Hamilton
$599,999
Cash flow, cap rate & mortgage breakdown
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Listed by CENTURY 21 HERITAGE GROUP LTD.
Investment Analysis
Key Facts
Type
Att/Row/Townhouse
Bedrooms
2
Bathrooms
2
Days on Market
20
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,050/mo
Estimated from market price-to-rent ratios
Remarks
This beautiful upgraded, executive 2 bedroom townhouse is in the peaceful but well connected Waterfront Trails neighbourhood that is steps from the beach and walking trail. The modern kitchen with stainless steel appliances, quartz countertop top, backsplash and upgraded light fixtures makes it easy to prepare your meals. The spacious living and dining rooms have upgraded lights, hardwood floors and extra large windows that provide lots of natural light. The two large bedrooms, both also with extra large windows, are upstairs along with the laundry and a full bathroom. The main level has a spacious den that gives additional space to hang out and access to the garage. Extra cabinets in both bathrooms, upgraded lights throughout the home, and electronic blinds on all the windows add ease and comfort to this home. This home delivers exceptional value in an unbeatable location just minutes from the highway, multiple plazas including Costco, restaurants, the GO Station and much more. The beach is a short 1-2 minute walk while both Fifty Point Conservation Area and Confederation Beach Park are a few minutes drive.
MississaugaInvestor.ca
38 Southshore Crescent
Att/Row/Townhouse · 2bd/2ba · ~1,300 sqft
$599,999
Cash-Flow Report · August 1, 2026
Cap Rate
1.19%
Monthly Cash Flow
-$2,170/mo
Estimated Rent
$2,050/mo
Cash-on-Cash
-19.81%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,050 |
| Mortgage | −$2,762 |
| Property Tax | −$630 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$500 |
| Vacancy (5%) | −$103 |
| Cash Flow | -$2,170/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$24,600 |
| Vacancy (5%) | −$1,230 |
| Property Tax | −$7,560 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$6,000 |
| Annual NOI | $7,110 |
| Cap Rate | 1.19% |
Cash Required to Close
| Down Payment (20%) | $119,999.8 |
| Ontario Land Transfer Tax | $8,475 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $131,474.8 |
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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