229 East 8th Street, Hamilton
Hamilton
$659,950
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX ESCARPMENT REALTY INC.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
3
Bathrooms
2
Days on Market
7
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,550/mo
Estimated from market price-to-rent ratios
Remarks
Move in ready! Super-clean 4-level backsplit located in a highly convenient Hamilton Mountain neighbourhood. Pride of ownership is evident throughout this well-maintained home, offering a functional layout that's perfect for families. The spacious family room features a walkout to a neat and tidy backyard, providing a great space for relaxing or entertaining. Please note that half of single car garage is converted to a den with full functionality. Home has been thoughtfully updated, including windows ('03) furnace ('16), central air conditioning, roof ('09), and much more, offering peace of mind for years to come. Conveniently situated close to schools, parks, shopping, transit, and easy highway access, this is an excellent opportunity to own a move-in-ready home in a desirable location.
MississaugaInvestor.ca
229 East 8th Street
Detached · 3bd/2ba · ~1,300 sqft
$659,950
Cash-Flow Report · July 31, 2026
Cap Rate
1.74%
Monthly Cash Flow
-$2,084/mo
Estimated Rent
$2,550/mo
Cash-on-Cash
-17.29%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,550 |
| Mortgage | −$3,038 |
| Property Tax | −$693 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$550 |
| Vacancy (5%) | −$128 |
| Cash Flow | -$2,084/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$30,600 |
| Vacancy (5%) | −$1,530 |
| Property Tax | −$8,315 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$6,600 |
| Annual NOI | $11,456 |
| Cap Rate | 1.74% |
Cash Required to Close
| Down Payment (20%) | $131,990 |
| Ontario Land Transfer Tax | $9,674 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $144,664 |
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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