1008 Garth Street, Hamilton
Hamilton
$699,900
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX ESCARPMENT FRANK REALTY
Investment Analysis
Key Facts
Type
Detached
Bedrooms
4
Bathrooms
2
Days on Market
3
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Suite Potential (+$1,190/mo)
Rent Estimate
Estimated from market price-to-rent ratios · Verify suite legality with the City of Mississauga
Remarks
Beautifully renovated from top to bottom, this stunning home offers exceptional value, versatile living space, and outstanding income potential. Featuring a gorgeous in-law suite and ample parking with a double-wide driveway, it's the perfect fit for growing families, multi-generational living, or savvy investors. Thoughtfully updated throughout, this home provides modern comfort and peace of mind with extensive renovations, including: Roof, Soffits, Eavestroughs, siding all 2017, basement windows 2020, luxury vinyl flooring throughout upper level 2021, main floor bathroom fully renovated in 2021, and main floor kitchen renovated in 2021 with granite countertops, basement renovated in 2023, Luxury vinyl flooring throughout basement in 2025, basement kitchen 2026. Conveniently located just minutes from parks, schools, shopping, and everyday amenities, this home also offers quick and easy access to the Lincoln M. Alexander Parkway and Highway 403, making commuting a breeze. This move-in-ready property truly combines style & functionality! Please note some photos are Virtually Staged.
MississaugaInvestor.ca
1008 Garth Street
Detached · 4bd/2ba · ~900 sqft
$699,900
Cash-Flow Report · July 31, 2026
Cap Rate
3.45%
Monthly Cash Flow
-$1,212/mo
Estimated Rent
$3,740/mo
Cash-on-Cash
-9.48%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,740 |
| Mortgage | −$3,222 |
| Property Tax | −$735 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$583 |
| Vacancy (5%) | −$187 |
| Cash Flow | -$1,212/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$44,880 |
| Vacancy (5%) | −$2,244 |
| Property Tax | −$8,819 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$6,999 |
| Annual NOI | $24,118 |
| Cap Rate | 3.45% |
Cash Required to Close
| Down Payment (20%) | $139,980 |
| Ontario Land Transfer Tax | $10,473 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $153,453 |
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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