150 Howard Avenue, Hamilton
Hamilton
$829,900
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX ESCARPMENT REALTY INC.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
5
Bathrooms
2
Days on Market
2
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
**Legal Duplex - Fully Renovated Bungalow on Hamilton Mountain** Excellent opportunity for first-time buyers, investors, or multi-generational families. This fully renovated legal duplex offers 3+2 bedrooms, 2 full bathrooms, and 2 fully equipped kitchens, making it ideal for extended family living or strong rental income potential. This solid brick bungalow features a separate side entrance, quality upgrades throughout, and brand-new appliances. Bright, clean, and move-in ready, the property shows exceptionally well with ample parking available. Located in a prime Central Mountain neighbourhood, just steps to Mohawk College and St. Joseph's Healthcare Hamilton, and close to transit, schools, shopping, highways, restaurants, cafe's, grocery stores, and all major amenities. Endless possibilities for homeowners and investors alike.
MississaugaInvestor.ca
150 Howard Avenue
Detached · 5bd/2ba · ~900 sqft
$829,900
Cash-Flow Report · July 31, 2026
Cap Rate
3.18%
Monthly Cash Flow
-$1,623/mo
Estimated Rent
$4,195/mo
Cash-on-Cash
-10.7%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$4,195 |
| Mortgage | −$3,820 |
| Property Tax | −$871 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$692 |
| Vacancy (5%) | −$210 |
| Cash Flow | -$1,623/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$50,340 |
| Vacancy (5%) | −$2,517 |
| Property Tax | −$10,457 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$8,299 |
| Annual NOI | $26,367 |
| Cap Rate | 3.18% |
Cash Required to Close
| Down Payment (20%) | $165,980 |
| Ontario Land Transfer Tax | $13,073 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $182,053 |
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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