
226 8 Highway, Hamilton
Hamilton
$669,000
Cash flow, cap rate & mortgage breakdown
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Listed by Keller Williams Edge
Investment Analysis
Key Facts
Type
Detached
Bedrooms
2
Bathrooms
1
Days on Market
15
Price Drop
4%
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
Located at the corner of Highway 8 and Corman Avenue, this charming, well-maintained detached home sits on a rare oversized corner lot measuring approximately 85 ft x 130 ft (over 10,000sq. ft.), zoned R2. Whether you're looking to move in, renovate, expand, or explore future possibilities, this property offers exceptional flexibility in a desirable and evolving neighbourhood. Inside, a traditional layout delivers dedicated living spaces and generous windows throughout, anchored by an oversized picture window spanning nearly the full wall of the bright living room. A separate side entrance to the basement adds versatility, ideal for an in-law suite or future secondary living space. The real showstopper is outside. The property offers an abundance of outdoor space, including a clear, level side yard that runs along Corman Avenue. Combined with the property's R2 zoning, it also presents exciting future possibilities, subject to applicable municipal approvals. Minutes to parks, schools, walking trails, shopping, restaurants, transit, and major commuter routes including the QEW and Red Hill Valley Parkway. Furnace: May 2021 | A/C: 2024 | Hot Water Tank: October 2020 Sold as-is.
MississaugaInvestor.ca
226 8 Highway
Detached · 2bd/1ba · ~900 sqft
$669,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.77%
Monthly Cash Flow
-$1,534/mo
Estimated Rent
$3,190/mo
Cash-on-Cash
-12.55%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,190 |
| Mortgage | −$3,079 |
| Property Tax | −$702 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$558 |
| Vacancy (5%) | −$160 |
| Cash Flow | -$1,534/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$38,280 |
| Vacancy (5%) | −$1,914 |
| Property Tax | −$8,429 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$6,690 |
| Annual NOI | $18,547 |
| Cap Rate | 2.77% |
Cash Required to Close
| Down Payment (20%) | $133,800 |
| Ontario Land Transfer Tax | $9,855 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $146,655 |
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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