15 Miller Drive, Hamilton
Hamilton
$885,000
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 REAL ESTATE CENTRE INC.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
4
Bathrooms
1
Days on Market
3
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$3,050/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to 15 Miller Drive, an exceptional opportunity offering immediate comfort and outstanding future potential. Set on a generous lot in a quiet, family-friendly neighborhood, this well-maintained home is ideal for end-users, investors, or those looking to build a custom residence. The existing home features functional living space with key updates, making it move-in ready while providing the flexibility to renovate, lease, or enjoy as you plan your future vision. Whether you're searching for a comfortable home today or an investment with long-term upside, this property offers endless possibilities. The expansive lot is the true highlight, boasting impressive frontage and depth that create the perfect setting for a luxury custom home. Surrounded by prestigious custom builds and ongoing redevelopment, this highly sought-after location continues to attract homeowners, builders, and investors alike. Move in, rent out, renovate, or build new-15 Miller Drive presents a rare opportunity to secure a premium property with exceptional redevelopment potential in one of the area's most desirable neighbourhoods
MississaugaInvestor.ca
15 Miller Drive
Detached · 4bd/1ba · ~900 sqft
$885,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.36%
Monthly Cash Flow
-$3,069/mo
Estimated Rent
$3,050/mo
Cash-on-Cash
-18.97%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,050 |
| Mortgage | −$4,074 |
| Property Tax | −$929 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$738 |
| Vacancy (5%) | −$153 |
| Cash Flow | -$3,069/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$36,600 |
| Vacancy (5%) | −$1,830 |
| Property Tax | −$11,151 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$8,850 |
| Annual NOI | $12,069 |
| Cap Rate | 1.36% |
Cash Required to Close
| Down Payment (20%) | $177,000 |
| Ontario Land Transfer Tax | $14,175 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $194,175 |
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.