16- 1420 Garth Street, Hamilton
Hamilton
$459,900
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX ESCARPMENT REALTY INC.
Investment Analysis
Key Facts
Type
Condo Townhouse
Bedrooms
3
Bathrooms
2
Days on Market
4
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,100/mo
Estimated from market price-to-rent ratios
Remarks
Don't miss out on this gorgeously renovated end unit in sought after West Mountain complex. Brand new kitchen boasts granite counters, island with pendant lighting, oversized sink, backsplash, glass-front cabinetry, stainless steel double door fridge, built in dishwasher, over-the-range microwave and range with ceramic cooktop. Open concept main floor features new vinyl flooring, separate dining room and spacious living room with sliding patio door leading out to the back yard. Convenient main floor powder room. New dimming pot lights throughout home! New vinyl flooring upstairs in 3 spacious bedrooms with one full bath on upper level. Tiled kitchen and bathroom areas. Fully finished basement with recreation room and office with vinyl flooring. Spacious laundry room includes washer & dryer and lots of storage space. Convenient living at its best - located close to the Line, shopping, schools, bus routes, park, and so much more. Condo fee includes exterior maintenance, building insurance, snow removal, lawn care, parking, water, cable tv, AND high-speed internet!! Includes one assigned parking spot and ample visitor parking. Nothing to do but move in!
MississaugaInvestor.ca
16- 1420 Garth Street
Condo Townhouse · 3bd/2ba · ~1,100 sqft
$459,900
Cash-Flow Report · July 31, 2026
Cap Rate
1.74%
Monthly Cash Flow
-$1,451/mo
Estimated Rent
$2,100/mo
Cash-on-Cash
-17.3%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,100 |
| Mortgage | −$2,117 |
| Property Tax | −$483 |
| Insurance | −$225 |
| Condo Fee | −$621 |
| Vacancy (5%) | −$105 |
| Cash Flow | -$1,451/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$25,200 |
| Vacancy (5%) | −$1,260 |
| Property Tax | −$5,795 |
| Insurance | −$2,700 |
| Condo Fee | −$7,452 |
| Annual NOI | $7,993 |
| Cap Rate | 1.74% |
Cash Required to Close
| Down Payment (20%) | $91,980 |
| Ontario Land Transfer Tax | $5,673 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $100,653 |
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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