
627 Upper Sherman Avenue, Hamilton
Hamilton
$599,900
Cash flow, cap rate & mortgage breakdown
Enter your email to unlock them right here.
Free forever. No credit card. Unsubscribe anytime.
Listed by RE/MAX EXCELLENCE REAL ESTATE
Investment Analysis
Key Facts
Type
Detached
Bedrooms
5
Bathrooms
2
Days on Market
5
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Suite Potential (+$1,445/mo)
Rent Estimate
Estimated from market price-to-rent ratios · Verify suite legality with the City of Mississauga
Remarks
Some homes are beautifully renovated. Others give you opportunities you didn't know you needed.From the moment you walk in, you'll appreciate the bright, modern updates throughout this fully renovated Hamilton Mountain home. Offering 3+2 bedrooms, 2 full bathrooms, 2 kitchens, and a separate entrance to the finished lower level, the layout is perfectly suited for growing families, multi-generational living, or those seeking additional flexibility.Then you discover the feature that truly sets this property apart.A rare detached serviced workshop complete with its own electrical, gas, plumbing, and water connections - a space ready to become whatever you envision. Whether it's a workshop, creative studio, home business, fitness space, or an opportunity to explore a future garden suite (buyer to complete their own due diligence), this is a feature that's rarely found in homes like this.Complete with parking for up to five vehicles, secure gated rear parking, additional storage sheds, and located just minutes from schools, parks, shopping, transit, and major highways, this isn't just a property you'll move into, it's a home you'll continue to grow with.
MississaugaInvestor.ca
627 Upper Sherman Avenue
Detached · 5bd/2ba · ~900 sqft
$599,900
Cash-Flow Report · August 1, 2026
Cap Rate
4.6%
Monthly Cash Flow
-$463/mo
Estimated Rent
$3,845/mo
Cash-on-Cash
-4.23%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,845 |
| Mortgage | −$2,761 |
| Property Tax | −$630 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$500 |
| Vacancy (5%) | −$192 |
| Cash Flow | -$463/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$46,140 |
| Vacancy (5%) | −$2,307 |
| Property Tax | −$7,559 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$5,999 |
| Annual NOI | $27,575 |
| Cap Rate | 4.6% |
Cash Required to Close
| Down Payment (20%) | $119,980 |
| Ontario Land Transfer Tax | $8,473 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $131,453 |
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
Get the Full Cash-Flow Report
A one-page PDF: cap rate, cash flow, mortgage breakdown, NOI and total cash to close — all assumptions in one printable summary.
Also unlocks cap rate, sold comps & mortgage detail.