40 Granton Street, Hamilton
Hamilton
$649,000
Cash flow, cap rate & mortgage breakdown
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Listed by KING REALTY INC.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
8
Bathrooms
3
Days on Market
15
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Suite Potential (+$1,445/mo)
Rent Estimate
Estimated from market price-to-rent ratios · Verify suite legality with the City of Mississauga
Remarks
Beautifully Renovated Turnkey Home Near McMaster UniversityThis stunning, fully renovated home is truly move-in ready, offering modern finishes and exceptional income potential in a high-demand location.The property features a brand new basement apartment with 5 bedrooms, 2 full washrooms, a full kitchen, and separate entrance-perfect for extended family or strong rental income. The main floor offers 3 spacious bedrooms, a full washroom, and a modern kitchen, making it ideal for comfortable family living.Extensively upgraded from top to bottom, this home includes:* New flooring throughout* All interior doors replaced with modern finishes* Stylish new lighting fixtures across the home* Two brand new kitchens with contemporary cabinetry and finishes* Fully renovated washrooms with modern fixtures Major System Upgrades:* Complete new plumbing system* Fully rewired electrical system* Brand new windows throughout* New appliances (Oct 2025)* New water heater (Oct 2025)* New double-door refrigerator (April 2026)* Furnace (2024) Prime Location:* 1-minute walk to bus stop* Walking distance to McMaster University* Located in a high rental demand areaWith no rental items, this property offers peace of mind and long-term value Perfect for homeowners and investors alike - a rare opportunity combining modern upgrades, excellent location, and strong cash flow potential.
MississaugaInvestor.ca
40 Granton Street
Detached · 8bd/3ba · ~1,300 sqft
$649,000
Cash-Flow Report · July 31, 2026
Cap Rate
5.04%
Monthly Cash Flow
-$259/mo
Estimated Rent
$4,395/mo
Cash-on-Cash
-2.18%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$4,395 |
| Mortgage | −$2,987 |
| Property Tax | −$681 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$541 |
| Vacancy (5%) | −$220 |
| Cash Flow | -$259/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$52,740 |
| Vacancy (5%) | −$2,637 |
| Property Tax | −$8,177 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$6,490 |
| Annual NOI | $32,736 |
| Cap Rate | 5.04% |
Cash Required to Close
| Down Payment (20%) | $129,800 |
| Ontario Land Transfer Tax | $9,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $142,255 |
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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