
335 East Avenue, Hamilton
Hamilton
$499,000
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX WEST REALTY INC.
Investment Analysis
Key Facts
Type
Semi-Detached
Bedrooms
4
Bathrooms
3
Days on Market
10
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Finished Basement
Rent Estimate
$2,550/mo
Estimated from market price-to-rent ratios
Remarks
This unique semi-detached raised bungalow, built in 1991, offers 2 fully self-contained units with 2 kitchens, Separate Laundry machines and a rare 2 garages. Live in one unit and rent out the other to help with your mortgage. Separate Entrances for upper and lower levels provide added convenience and Privacy. Step inside & you are greeted by a bright, open-concept living and dining space. The family size kitchen seamlessly blends style & functionality. Down the hall, you'll find spa-like 4 pc bathroom & 3 good size bms furnished with high-quality broadloom. Sliding doors lead to a private balcony where you can enjoy morning coffee or relax in the evening after a long day. The Lower Level features a full-sized kitchen with a backsplash, a huge countertop, a separate bar counter, and tons of cabinet space. The unit also has an updated full bathroom, separate laundry, a fireplace & built-in shelves. Above grade basement windows fill the space with tons of natural light. A rare find: this house has 2 separate garages (front garage has been converted into an insulated, 4-season bonus bedroom & 2 pc washroom). This versatile space can also be used as studio, office or lounge area. 2nd garage is a detached, brick 2 car garage at the rear of the property. The backyard features an iron fence & gate, a wraparound exposed aggregate walkway, a covered patio with a pergola and pot lights-perfect for summer BBQs. Enjoy summer weekends with your family & friends, take a dip in the hot tub on cool evenings & gaze at the stars. This stunning 4-bedroom, 3-bathroom home offers over 2,000 sq. ft. of finished living space, 200-amp electrical service and a heat pump for efficient heating and cooling (2023). Enjoy low property taxes in one of Hamilton's in-demand neighbourhoods, just a 2-3-minute walk from Hamilton General Hospital. Whether you're looking for a move-in ready home with income potential or a high-performing addition to your portfolio, this house delivers on all fronts.
MississaugaInvestor.ca
335 East Avenue
Semi-Detached · 4bd/3ba · ~1,300 sqft
$499,000
Cash-Flow Report · August 3, 2026
Cap Rate
3.02%
Monthly Cash Flow
-$1,040/mo
Estimated Rent
$2,550/mo
Cash-on-Cash
-11.42%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,550 |
| Mortgage | −$2,297 |
| Property Tax | −$524 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$416 |
| Vacancy (5%) | −$128 |
| Cash Flow | -$1,040/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$30,600 |
| Vacancy (5%) | −$1,530 |
| Property Tax | −$6,287 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$4,990 |
| Annual NOI | $15,093 |
| Cap Rate | 3.02% |
Cash Required to Close
| Down Payment (20%) | $99,800 |
| Ontario Land Transfer Tax | $6,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $109,255 |
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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