
74 Royal Avenue, Hamilton
Hamilton
$729,000
Cash flow, cap rate & mortgage breakdown
Enter your email to unlock them right here.
Free forever. No credit card. Unsubscribe anytime.
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
Finished Basement
Rent Estimate
$3,150/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to this charming brick bungalow in Hamilton's sought-after Ainslie Wood neighbourhood, offering an exceptional opportunity for families, investors, or those seeking income potential. Ideally situated just minutes from McMaster University, McMaster Hospital, parks, schools, shopping, public transit, and major highways, this home combines everyday convenience with outstanding versatility.Step inside to a bright and inviting main level featuring a spacious living room filled with natural light, a functional kitchen with ample cabinetry, two well-sized bedrooms, and a 3-piece bathroom. The thoughtful layout provides comfortable everyday living while maintaining the warmth and character of this well-maintained home.The fully finished basement expands the living space with three additional bedrooms, a second 3-piece bathroom, and excellent flexibility for extended family, guests, or student accommodations. With five bedrooms in total, this property presents an excellent investment opportunity in one of Hamilton's strongest rental markets.Situated on a generous 37.5' x 100' lot with private parking for two vehicles, the home also offers outdoor space to relax, entertain, or further enhance. A new central air conditioning unit was installed in 2021, providing added comfort and peace of mind. The property is currently generating $3,800 per month in rental income, making it an attractive turnkey investment.Located in one of Hamilton's most desirable west-end neighbourhoods, just steps to McMaster University, McMaster Hospital, scenic trails, restaurants, transit, and everyday amenities, this move-in-ready property offers an outstanding opportunity for both investors and homeowners alike.
MississaugaInvestor.ca
74 Royal Avenue
Detached · 5bd/2ba · ~900 sqft
$729,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.3%
Monthly Cash Flow
-$1,961/mo
Estimated Rent
$3,150/mo
Cash-on-Cash
-14.72%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,150 |
| Mortgage | −$3,355 |
| Property Tax | −$765 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$608 |
| Vacancy (5%) | −$158 |
| Cash Flow | -$1,961/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$37,800 |
| Vacancy (5%) | −$1,890 |
| Property Tax | −$9,185 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$7,290 |
| Annual NOI | $16,735 |
| Cap Rate | 2.3% |
Cash Required to Close
| Down Payment (20%) | $145,800 |
| Ontario Land Transfer Tax | $11,055 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $159,855 |
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
Get the Full Cash-Flow Report
A one-page PDF: cap rate, cash flow, mortgage breakdown, NOI and total cash to close — all assumptions in one printable summary.
Also unlocks cap rate, sold comps & mortgage detail.