283 Rockledge Drive, Hamilton
Hamilton
$929,000
Cash flow, cap rate & mortgage breakdown
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Listed by REAL XPERTS REALTY INC.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
4
Bathrooms
4
Days on Market
12
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$3,100/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to a double garage 2yr old old detach home in Hamiltons desirable Hannon community! This rare, nearly new executive detached home is packed with upgrades and designed to impress. Offering 4 bedrooms, 4 bathrooms, and an open, airy layout. Even better? It backs onto no homesyour own private yard, right in the city. Step into a bright foyer that opens to 9 ceilings, gleaming hardwood floors, and a stunning hardwood staircase. The gourmet kitchen is the heart of the home with a huge island, quartz counters, upgraded cabinetry, backsplash, and premium stainless steel appliances. Open-concept dining, family, and breakfast areas flow seamlessly, creating an entertainers dream. There is also a powder room and an extra bathroom in basement . Upstairs is just as impressive with 9 ceilings, two primary suites .two additional bedrooms, a third bathroom, laundry and a versatile den perfect for an office or play space. rooms with large windows and tons of potential. Enjoy bonus features: , zibra blinds system, large windows upgraded from build, pot lights
MississaugaInvestor.ca
283 Rockledge Drive
Detached · 4bd/4ba · ~2,250 sqft
$929,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.25%
Monthly Cash Flow
-$3,305/mo
Estimated Rent
$3,100/mo
Cash-on-Cash
-19.46%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,100 |
| Mortgage | −$4,276 |
| Property Tax | −$975 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$774 |
| Vacancy (5%) | −$155 |
| Cash Flow | -$3,305/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$37,200 |
| Vacancy (5%) | −$1,860 |
| Property Tax | −$11,705 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$9,290 |
| Annual NOI | $11,645 |
| Cap Rate | 1.25% |
Cash Required to Close
| Down Payment (20%) | $185,800 |
| Ontario Land Transfer Tax | $15,055 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $203,855 |
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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