
16- 7 Southside Place, Hamilton
Hamilton
$500,000
Cash flow, cap rate & mortgage breakdown
Enter your email to unlock them right here.
Free forever. No credit card. Unsubscribe anytime.
Listed by ROYAL LEPAGE BURLOAK REAL ESTATE SERVICES
Investment Analysis
Key Facts
Type
Condo Townhouse
Bedrooms
3
Bathrooms
3
Days on Market
10
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,150/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to 7 Southside Place, Unit 16! This immaculate end-unit Somerset Model townhome offers approximately 2,330sq. ft. of finished living space and the perfect combination of space, comfort, privacy, and value! Featuring 3 bedrooms, 2.5 baths (including an ensuite!), and a bright open-concept layout, this beautifully maintained home showcases pride of ownership throughout! Enjoy a spacious family-sized kitchen with extended cabinetry, stainless steel appliances, under-cabinet lighting, updated backsplash, dinette area, and walk-out to a fully fenced private backyard complete with interlocking patio and stunning 10' x 12' hardtop gazebo! The main level also features an open concept and welcoming great room with corner gas fireplace, formal dining area, beautiful hardwood flooring and a convenient 2-piece bath! Upstairs, the primary retreat boasts two walk-in closets and a 4-piece ensuite with jetted soaker tub and separate shower! Two additional bedrooms and a second full bath complete the upper level. The finished lower-level bonus room provides flexible space for a family room, home office, gym, den, or potential guest bedroom. Additional features include inside entry from the attached garage, separate laundry room, central vacuum, ample storage, newer furnace, air conditioner and roof! All of the expensive items are updated! With additional driveway parking (visitor parking is also conveniently located across the street!) and incredibly low condo fees that include lawncare, windows, and exterior doors, this is a must see! Ideally located close to schools, parks, shopping, transit, and major highways. Enjoy all the conveniences of nearby Ancaster without the Ancaster price tag! Ideally located close to schools, parks, shopping, transit, and major highways! Finding an immaculate end-unit home with this much livingspace, privacy, storage, and value is becoming increasingly rare! If you've been waiting for the right home, this is one you won't want to miss!
MississaugaInvestor.ca
16- 7 Southside Place
Condo Townhouse · 3bd/3ba · ~1,900 sqft
$500,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.25%
Monthly Cash Flow
-$1,364/mo
Estimated Rent
$2,150/mo
Cash-on-Cash
-14.95%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,150 |
| Mortgage | −$2,301 |
| Property Tax | −$525 |
| Insurance | −$225 |
| Condo Fee | −$355 |
| Vacancy (5%) | −$108 |
| Cash Flow | -$1,364/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$25,800 |
| Vacancy (5%) | −$1,290 |
| Property Tax | −$6,300 |
| Insurance | −$2,700 |
| Condo Fee | −$4,260 |
| Annual NOI | $11,250 |
| Cap Rate | 2.25% |
Cash Required to Close
| Down Payment (20%) | $100,000 |
| Ontario Land Transfer Tax | $6,475 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $109,475 |
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
Get the Full Cash-Flow Report
A one-page PDF: cap rate, cash flow, mortgage breakdown, NOI and total cash to close — all assumptions in one printable summary.
Also unlocks cap rate, sold comps & mortgage detail.