
641 Limeridge Road, Hamilton
Hamilton
$749,900
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX ESCARPMENT REALTY INC.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
4
Bathrooms
2
Days on Market
2
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Finished Basement
Rent Estimate
$2,950/mo
Estimated from market price-to-rent ratios
Remarks
Discover a rare investment opportunity in a prime Hamilton Mountain location. Complete with drawings for three future triplexes for a total of 9 income producing units. This property combines immediate potential rental income with exceptional development potential, offering the best of both worlds for savvy investors or visionaries ready to build. The existing 4-bedroom home has been thoughtfully updated, blending functionality with inviting, contemporary charm. The bright, open layout includes a spacious living area, a well-equipped kitchen with generous cabinetry, and a finished loft perfect for a home office, studio, or creative retreat. With three-car parking plus a garage, there's no shortage of space for family or tenants alike. The lower level provides additional flex space, ideal for a potential second unit. Conveniently located just minutes from the LINC, public transit, schools, shopping, and major amenities, this property is perfectly positioned for both comfort and connectivity. Previously rented for $2,616.25 per month, it can deliver strong, steady cash flow while offering the exciting prospect of a multi-residential future. Whether you choose to hold, enhance, or build, this is an address where opportunity meets potential.
MississaugaInvestor.ca
641 Limeridge Road
Detached · 4bd/2ba · ~1,300 sqft
$749,900
Cash-Flow Report · July 31, 2026
Cap Rate
1.86%
Monthly Cash Flow
-$2,287/mo
Estimated Rent
$2,950/mo
Cash-on-Cash
-16.69%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,950 |
| Mortgage | −$3,452 |
| Property Tax | −$787 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$625 |
| Vacancy (5%) | −$148 |
| Cash Flow | -$2,287/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$35,400 |
| Vacancy (5%) | −$1,770 |
| Property Tax | −$9,449 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$7,499 |
| Annual NOI | $13,982 |
| Cap Rate | 1.86% |
Cash Required to Close
| Down Payment (20%) | $149,980 |
| Ontario Land Transfer Tax | $11,473 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $164,453 |
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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