506 Aberdeen Avenue, Hamilton
Hamilton
$1,599,900
Cash flow, cap rate & mortgage breakdown
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Listed by Right at Home Realty, Brokerage
Investment Analysis
Key Facts
Type
Duplex
Bedrooms
3
Bathrooms
4
Days on Market
21
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
Estimated per-unit rents for duplex based on GTA rental market data
Remarks
Excellent investment opportunity in prime southwest Hamilton close to all amenities including transportation, highway access, shopping,university, hospitals, Chedoke Golf course, trails, trendy Locke St. shops and restaurants. 2 1/2 storey brick home with large modern brickaddition. Spacious and well maintained units updated with superior finishes, modern conveniences and plenty of on site parking; updatedelectrical & plumbing. Large bonus room on main floor potentially an additional bedroom (currently not included in apartments). Partially finishedbasement with separate entrance, living, dining areas, kitchen, room, two 3 pce baths & laundry area offers much potential. Home is situated ona deep lot with a double garage at rear of property with hydro and plumbing and may offer potential as an additional dwelling unit subject toapproval by City of Hamilton.**INTERBOARD LISTING: CORNERSTONE ASSOCIATION OF REALTORS**
MississaugaInvestor.ca
506 Aberdeen Avenue
Duplex · 3bd/4ba · ~2,750 sqft
$1,599,900
Cash-Flow Report · July 31, 2026
Cap Rate
0.14%
Monthly Cash Flow
-$7,182/mo
Estimated Rent
$3,600/mo
Cash-on-Cash
-24.52%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,600 |
| Mortgage | −$7,364 |
| Property Tax | −$1,680 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$1,333 |
| Vacancy (5%) | −$180 |
| Cash Flow | -$7,182/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$43,200 |
| Vacancy (5%) | −$2,160 |
| Property Tax | −$20,159 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$15,999 |
| Annual NOI | $2,182 |
| Cap Rate | 0.14% |
Cash Required to Close
| Down Payment (20%) | $319,980 |
| Ontario Land Transfer Tax | $28,473 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $351,453 |
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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