22 David Avenue, Hamilton
Hamilton
$599,777
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX ESCARPMENT REALTY INC.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
4
Bathrooms
2
Days on Market
2
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
Welcome to this beautifully renovated bungalow nestled in a desirable Hamilton Mountain neighbourhood! Situated on a spacious lot, this move-in-ready home offers 2 generous bedrooms on the main level, a bright open-concept layout, modern finishes, brand-new appliances and a grand-sized sunroom-the perfect space to relax, entertain, or enjoy year-round. The fully finished lower level features a complete in-law suite with 2 additional bedrooms, a full kitchen, and spacious living area, making it ideal for multi-generational families or excellent income potential. Outside, enjoy the large backyard with plenty of room for family gatherings and outdoor enjoyment. Conveniently located close to top-rated schools, parks, hospitals, shopping, restaurants, public transit, major highways, and all the amenities Hamilton Mountain has to offer. A turnkey opportunity that's perfect for families, investors, or anyone seeking flexible living space.
MississaugaInvestor.ca
22 David Avenue
Detached · 4bd/2ba · ~900 sqft
$599,777
Cash-Flow Report · July 31, 2026
Cap Rate
4.11%
Monthly Cash Flow
-$706/mo
Estimated Rent
$3,590/mo
Cash-on-Cash
-6.45%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,590 |
| Mortgage | −$2,761 |
| Property Tax | −$630 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$500 |
| Vacancy (5%) | −$180 |
| Cash Flow | -$706/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$43,080 |
| Vacancy (5%) | −$2,154 |
| Property Tax | −$7,557 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$5,998 |
| Annual NOI | $24,671 |
| Cap Rate | 4.11% |
Cash Required to Close
| Down Payment (20%) | $119,955.4 |
| Ontario Land Transfer Tax | $8,471 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $131,426.4 |
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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