
21 East Bend Avenue, Hamilton
Hamilton
$494,900
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
8
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,350/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to 21 East Bend Avenue N, a beautifully refreshed detached home in Hamilton's sought-after Crown Point neighbourhood. Offering over 1600 sq. ft. of finished living space across 2.5 storeys, this move-in-ready property combines character, flexibility, and thoughtful updates throughout. The bright and inviting interior features a versatile main-floor bedroom, spacious living and dining areas, fresh paint throughout and new interior finishes. The eat-in kitchen offers abundant cabinetry, generous counter space, stainless steel appliances, and custom banquette seating. A bright main floor office overlooks the private backyard with mature trees. Upstairs, you'll find two spacious bedrooms, convenient second-floor laundry, and a well-appointed 4-piece bathroom. The finished third floor loft/bonus room adds valuable living space, for a studio, playroom, office, fitness area, or guest retreat. Major improvements completed in 2026 include replacement of the lead water service line, new appliances, electrical upgrades, HVAC improvements, interior updates throughout the home, and a new front walkway. Outside, enjoy a fully fenced backyard with a deck, garden space, storage shed, and driveway parking. Ideally located just steps from Ottawa Street's shops and restaurants, Gage Park, schools, and transit. This home offers an exceptional opportunity for first-time buyers, growing families, professionals, or investors. Come and take a look today!
MississaugaInvestor.ca
21 East Bend Avenue
Detached · 3bd/2ba · ~1,750 sqft
$494,900
Cash-Flow Report · July 31, 2026
Cap Rate
2.61%
Monthly Cash Flow
-$1,203/mo
Estimated Rent
$2,350/mo
Cash-on-Cash
-13.32%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,350 |
| Mortgage | −$2,278 |
| Property Tax | −$520 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$412 |
| Vacancy (5%) | −$118 |
| Cash Flow | -$1,203/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$28,200 |
| Vacancy (5%) | −$1,410 |
| Property Tax | −$6,236 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$4,949 |
| Annual NOI | $12,905 |
| Cap Rate | 2.61% |
Cash Required to Close
| Down Payment (20%) | $98,980 |
| Ontario Land Transfer Tax | $6,373 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $108,353 |
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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