170 Spitfire Drive, Hamilton
Hamilton
$725,000
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX ABOUTOWNE REALTY CORP.
Investment Analysis
Key Facts
Type
Att/Row/Townhouse
Bedrooms
3
Bathrooms
3
Days on Market
2
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Legal Suite (+$1,400/mo)
Rent Estimate
Estimated from market price-to-rent ratios
Remarks
Welcome to this beautifully upgraded freehold townhouse offering 1,836 sq. ft. above grade plus an unfinished 462 sq. ft. basement, providing endless potential. Thoughtfully enhanced throughout, this modern home features new laminate flooring on the main level, custom accent walls, updated light fixtures, zebra blinds throughout, and a convenient laundry room with granite countertop and undermount sink. The open-concept second floor is perfect for entertaining, showcasing a chef-inspired kitchen with quartz countertops, built-in appliances, a large centre island, walk-in pantry, and walkout to the balcony. The spacious family room is highlighted by a custom built-in TV feature wall with a stunning three-sided electric fireplace. The third level offers a generous primary suite with a walk-in closet and 3-piece ensuite, plus two additional bedrooms, including one with a private balcony. An unfinished basement provides excellent storage or future living space. Move-in ready with stylish upgrades throughout! Taxes amount not yet assessed.
MississaugaInvestor.ca
170 Spitfire Drive
Att/Row/Townhouse · 3bd/3ba · ~1,750 sqft
$725,000
Cash-Flow Report · July 31, 2026
Cap Rate
3.11%
Monthly Cash Flow
-$1,460/mo
Estimated Rent
$3,650/mo
Cash-on-Cash
-11.02%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,650 |
| Mortgage | −$3,337 |
| Property Tax | −$761 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$604 |
| Vacancy (5%) | −$183 |
| Cash Flow | -$1,460/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$43,800 |
| Vacancy (5%) | −$2,190 |
| Property Tax | −$9,135 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$7,250 |
| Annual NOI | $22,525 |
| Cap Rate | 3.11% |
Cash Required to Close
| Down Payment (20%) | $145,000 |
| Ontario Land Transfer Tax | $10,975 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $158,975 |
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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