
602 Cochrane Road, Hamilton
Hamilton
$1,099,900
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX ESCARPMENT REALTY INC.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
6
Bathrooms
5
Days on Market
4
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Suite Potential (+$1,445/mo)
Rent Estimate
Estimated from market price-to-rent ratios · Verify suite legality with the City of Mississauga
Remarks
Exceptional custom-built bungalow with in law suite, ideally located in the highly sought-after Rosedale neighbourhood, just moments from the Golf Club. Showcasing quality craftsmanship and premium finishes throughout, this impressive home offers the perfect blend of elegance, comfort, and versatility. The beautiful stone exterior, double garage, and paved driveway create outstanding curb appeal. Inside, oak flooring flows throughout the main level, where the spacious living room is highlighted by soaring 14-foot cathedral ceilings, pot lights, a cozy gas fireplace, and expansive windows framing picturesque escarpment views. The open-concept eat-in kitchen is designed for both everyday living and entertaining, featuring custom cabinetry, granite countertops, a large centre island, and a pantry with built-ins. A convenient two-piece powder room and main floor laundry add to the home's thoughtful design. The bedroom wing offers generous accommodations, including a Jack-and-Jill ensuite connecting two spacious bedrooms, each with large closets. The private primary retreat enjoys beautiful escarpment views, a luxurious ensuite bathroom, and an oversized walk-in closet complete with custom built-ins. Step outside to a fully fenced backyard with a large deck, providing the perfect setting for relaxing or entertaining. The fully finished lower level offers an outstanding three-bedroom, two-bathroom in-law suite with its own private entrance and separate laundry. Featuring impressive 9-foot ceilings, a bright open-concept layout, white cabinetry, granite countertops, and a large island with breakfast bar, this self-contained suite is ideal for multigenerational living or extended family. A rare opportunity to own a beautifully finished home with exceptional flexibility in one of Hamilton's most desirable neighbourhoods.
MississaugaInvestor.ca
602 Cochrane Road
Detached · 6bd/5ba · ~1,750 sqft
$1,099,900
Cash-Flow Report · July 31, 2026
Cap Rate
2.52%
Monthly Cash Flow
-$2,757/mo
Estimated Rent
$4,845/mo
Cash-on-Cash
-13.7%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$4,845 |
| Mortgage | −$5,063 |
| Property Tax | −$1,155 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$917 |
| Vacancy (5%) | −$242 |
| Cash Flow | -$2,757/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$58,140 |
| Vacancy (5%) | −$2,907 |
| Property Tax | −$13,859 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$10,999 |
| Annual NOI | $27,675 |
| Cap Rate | 2.52% |
Cash Required to Close
| Down Payment (20%) | $219,980 |
| Ontario Land Transfer Tax | $18,473 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $241,453 |
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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