418 Fairfield Avenue, Hamilton
Hamilton
$584,999
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX ESCARPMENT REALTY INC.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
3
Bathrooms
2
Days on Market
15
Price Drop
2%
Year Built
N/A
Status
Active
Basement Income
Suite Potential (+$1,190/mo)
Rent Estimate
Estimated from market price-to-rent ratios · Verify suite legality with the City of Mississauga
Remarks
418 Fairfield Avenue, Hamilton - Versatile 2+1 bedroom home with income potential. Originally a 3-bedroom main floor; one bedroom converted into a spacious dining room (can be converted back). Separate 1-bedroom basement unit with private entrance. Basement is currently vacant--ideal for owner occupancy or setting your own market rent. Main floor is tenant-occupied at $2,200/month; tenants are willing to stay or vacant possession can be provided. Prime central Hamilton location, just minutes from Centre on Barton, shopping, schools, parks, public transit, and major highways. Excellent opportunity for investors, first-time home buyers or multi-generational families.
MississaugaInvestor.ca
418 Fairfield Avenue
Detached · 3bd/2ba · ~900 sqft
$584,999
Cash-Flow Report · August 1, 2026
Cap Rate
3.79%
Monthly Cash Flow
-$846/mo
Estimated Rent
$3,340/mo
Cash-on-Cash
-7.92%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,340 |
| Mortgage | −$2,693 |
| Property Tax | −$614 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$487 |
| Vacancy (5%) | −$167 |
| Cash Flow | -$846/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$40,080 |
| Vacancy (5%) | −$2,004 |
| Property Tax | −$7,371 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$5,850 |
| Annual NOI | $22,155 |
| Cap Rate | 3.79% |
Cash Required to Close
| Down Payment (20%) | $116,999.8 |
| Ontario Land Transfer Tax | $8,175 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $128,174.8 |
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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