48- 96 Dryden Lane, Hamilton
Hamilton
$517,500
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX NIAGARA REALTY LTD, BROKERAGE
Investment Analysis
Key Facts
Type
Condo Townhouse
Bedrooms
2
Bathrooms
3
Days on Market
5
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$1,900/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to modern low-maintenance living! This newer, spacious 3-story condo townhome in Hamilton's vibrant McQuesten neighbourhood is absolute perfection. Offering 2 generous bedrooms and 2.5 designer bathrooms, this sun-filled home features an open-concept layout designed for comfort and style. Enjoy a bright, open and spacious living and dining area with large windows, a contemporary kitchen , and well-proportioned bedrooms spread intelligently across the upper levels. Added convenience comes with your own private garage plus an extra parking space. Perfectly positioned and located just minutes from local parks, schools, Redhill Valley Parkway and Highway 8, Scenic Lake Ontario and the fantastic shopping and dining options at nearby Lime Ridge Mall. This property delivers unbeatable value for First-Time Buyers, Singles, Savvy Investors. and Down Sizers. This home is Move-in ready, has Low Maintenance Fees, Priced to sell and waiting for you-so book your private tour today! Note: You can view the Sunrise, park and open space from this balcony here at #96 while most other balconies view a brick wall. This unit has scenic sunrise views and is definitely your best choice!
MississaugaInvestor.ca
48- 96 Dryden Lane
Condo Townhouse · 2bd/3ba · ~1,300 sqft
$517,500
Cash-Flow Report · July 31, 2026
Cap Rate
2.13%
Monthly Cash Flow
-$1,461/mo
Estimated Rent
$1,900/mo
Cash-on-Cash
-15.47%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,900 |
| Mortgage | −$2,382 |
| Property Tax | −$543 |
| Insurance | −$225 |
| Condo Fee | −$116 |
| Vacancy (5%) | −$95 |
| Cash Flow | -$1,461/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$22,800 |
| Vacancy (5%) | −$1,140 |
| Property Tax | −$6,521 |
| Insurance | −$2,700 |
| Condo Fee | −$1,392 |
| Annual NOI | $11,047 |
| Cap Rate | 2.13% |
Cash Required to Close
| Down Payment (20%) | $103,500 |
| Ontario Land Transfer Tax | $6,825 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $113,325 |
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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