
31 Fano Drive, Hamilton
Hamilton
$799,999
Cash flow, cap rate & mortgage breakdown
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Listed by MICHAEL ST.JEAN REALTY INC.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
3
Bathrooms
3
Days on Market
8
Price Drop
None
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
Welcome to 31 Fano Drive, a well-maintained 3-bedroom, 3-bathroom family home offering approximately 1,560 sq. ft. of comfortable living space in a desirable Hamiltonneighbourhood. Thoughtfully updated and move-in ready, this home combines peace of mind with plenty of potential to make it your own. The bright and functional layout isideal for families, featuring spacious principal rooms and a practical floor plan designed for everyday living. The unfinished basement provides a blank canvas, offering endlesspossibilities for additional living space, a home gym, recreation room, or in-law suite. Step outside to enjoy the fully fenced, private backyard with no rear residentialneighbours, backing directly onto a school for added privacy and open views. Whether you're entertaining, gardening, or simply relaxing, this outdoor space is perfect forenjoying the warmer months. Major updates have already been completed, including the roof and windows (2018), while the furnace, central air conditioner, and hot watertank were all replaced last year, giving buyers confidence for years to come. Conveniently located close to schools, parks, shopping, public transit, and major commuterroutes, this is an excellent opportunity to own a solid, updated home in a family-friendly community. Simply move in and enjoy!
MississaugaInvestor.ca
31 Fano Drive
Detached · 3bd/3ba · ~1,750 sqft
$799,999
Cash-Flow Report · July 31, 2026
Cap Rate
2.59%
Monthly Cash Flow
-$1,956/mo
Estimated Rent
$3,640/mo
Cash-on-Cash
-13.38%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,640 |
| Mortgage | −$3,682 |
| Property Tax | −$840 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$667 |
| Vacancy (5%) | −$182 |
| Cash Flow | -$1,956/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$43,680 |
| Vacancy (5%) | −$2,184 |
| Property Tax | −$10,080 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$8,000 |
| Annual NOI | $20,716 |
| Cap Rate | 2.59% |
Cash Required to Close
| Down Payment (20%) | $159,999.8 |
| Ontario Land Transfer Tax | $12,475 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $175,474.8 |
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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