
7 West 1st Street, Hamilton
Hamilton
$539,800
Cash flow, cap rate & mortgage breakdown
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Listed by KELLER WILLIAMS COMPLETE REALTY
Investment Analysis
Key Facts
Type
Detached
Bedrooms
3
Bathrooms
2
Days on Market
2
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Legal Suite (+$1,400/mo)
Rent Estimate
Estimated from market price-to-rent ratios
Remarks
Welcome to this charming, well-maintained home offering comfort, flexibility and excellent investment potential! Ideally situated just one street from Upper James and minutes to Mohawk College, this property is perfect for families, students or investors with convenient access to shopping, restaurants, St. Joseph's Healthcare Hamilton, and the scenic Niagara Escarpment Brow Trails. The bright upper level features 2 bedrooms, a 4-piece bathroom, a functional kitchen with a gas stove and a comfortable living room. A versatile main floor office provides the perfect work-from-home space while the inviting 3-season sunroom is ideal for relaxing or entertaining. Outside, enjoy a large, fully fenced backyard with mature trees that provide privacy and plenty of room to unwind. The basement features a separate walk-up entrance, 1 bedroom, a 2-piece bathroom, laundry area, spacious rec room and outstanding in-law potential - simply add a kitchenette to complete the space. Freshly painted and move-in ready, this home is an excellent opportunity for families with students attending Mohawk College or buyers looking to offset their living expenses. Live off-campus while renting rooms to friends, then sell after graduation for a smart and flexible investment. Bonus: An exterior-access workshop provides additional storage or hobby space.
MississaugaInvestor.ca
7 West 1st Street
Detached · 3bd/2ba · ~900 sqft
$539,800
Cash-Flow Report · July 31, 2026
Cap Rate
4.63%
Monthly Cash Flow
-$402/mo
Estimated Rent
$3,500/mo
Cash-on-Cash
-4.08%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,500 |
| Mortgage | −$2,485 |
| Property Tax | −$567 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$450 |
| Vacancy (5%) | −$175 |
| Cash Flow | -$402/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$42,000 |
| Vacancy (5%) | −$2,100 |
| Property Tax | −$6,801 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$5,398 |
| Annual NOI | $25,001 |
| Cap Rate | 4.63% |
Cash Required to Close
| Down Payment (20%) | $107,960 |
| Ontario Land Transfer Tax | $7,271 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $118,231 |
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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