
62 Owen Place, Hamilton
Hamilton
$729,900
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 FRANK 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
None Detected
Rent Estimate
$2,600/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to this beautifully updated home, tucked away on a quiet street in one of the area's most sought-after family-friendly neighbourhoods. Offering 3 spacious bedrooms and 1.5 bathrooms, this move-in-ready home combines modern updates with comfortable living. Recent improvements include a new roof (2024), a beautifully renovated main bathroom (2025), three-quarters of the backyard fence replaced (2024), and a new concrete patio (2023). The stunning kitchen is the heart of the home, featuring granite countertops, stylish white cabinetry, and a large island with an overhang for casual seating. The finished lower level provides additional living space with a generous recreation room and a convenient 2-piece bathroom-perfect for family gatherings, a playroom, or a home office. Step outside to enjoy the private backyard, ideal for entertaining or relaxing. A double-wide concrete driveway and attached single-car garage provide ample parking. Conveniently located within walking distance to schools, parks, and shopping, with easy access to the Red Hill Valley Parkway for commuters. This is a wonderful opportunity to own a beautifully maintained home in an exceptional location.
MississaugaInvestor.ca
62 Owen Place
Detached · 3bd/2ba · ~1,300 sqft
$729,900
Cash-Flow Report · July 31, 2026
Cap Rate
1.43%
Monthly Cash Flow
-$2,489/mo
Estimated Rent
$2,600/mo
Cash-on-Cash
-18.66%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,600 |
| Mortgage | −$3,360 |
| Property Tax | −$766 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$608 |
| Vacancy (5%) | −$130 |
| Cash Flow | -$2,489/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$31,200 |
| Vacancy (5%) | −$1,560 |
| Property Tax | −$9,197 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$7,299 |
| Annual NOI | $10,444 |
| Cap Rate | 1.43% |
Cash Required to Close
| Down Payment (20%) | $145,980 |
| Ontario Land Transfer Tax | $11,073 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $160,053 |
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
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.