15- 590 North Service Road, Hamilton
Hamilton
$579,000
Cash flow, cap rate & mortgage breakdown
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Listed by RIGHT AT HOME REALTY
Investment Analysis
Key Facts
Type
Condo Townhouse
Bedrooms
2
Bathrooms
3
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$1,950/mo
Estimated from market price-to-rent ratios
Remarks
Welcome To This Beautifully Maintained 2-Bedroom, 3-Bathroom Condo Townhome Offering 9ft High Ceilings with Approximately 1,300 Sq. Ft. Of Stylish, Carpet-Free Living In The Highly Sought-After FiftyPoint Waterfront Community. The Bright, Open-Concept Main Floor Features a Double Entrance; from the front and Through the Garage, A Modern Kitchen With Quartz Countertops, Stainless Steel Appliances, Ample Cabinetry And A Breakfast Bar, Flowing Seamlessly Into The Spacious Living And Dining Areas. Enjoy Two Open Balconies On The East And West Sides. Perfect For Taking In Both The Sunrise And Sunset and enjoying BBQs. Upstairs Offers A Generous Primary Suite With A Walk-In Closet And Private Ensuite, A Spacious Second Bedroom also With A Walk-in, A Full Bathroom And Convenient Upper-Level Laundry. Complete With An Attached Garage And Private Driveway Parking along Ample Visitor Parking. Walking Distance To The Lake Ontario Waterfront, Scenic Trails And Marina, With A Children's Playground Conveniently Located Across The Street. Minutes To Costco, Shopping,Restaurants, The QEW And Future Confederation GO Station. Move-In Ready And Perfect For First-Time Buyers, Professionals, Downsizers Or Investors!
MississaugaInvestor.ca
15- 590 North Service Road
Condo Townhouse · 2bd/3ba · ~1,300 sqft
$579,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.26%
Monthly Cash Flow
-$2,058/mo
Estimated Rent
$1,950/mo
Cash-on-Cash
-19.47%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,950 |
| Mortgage | −$2,665 |
| Property Tax | −$608 |
| Insurance | −$225 |
| Condo Fee | −$412 |
| Vacancy (5%) | −$98 |
| Cash Flow | -$2,058/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$23,400 |
| Vacancy (5%) | −$1,170 |
| Property Tax | −$7,295 |
| Insurance | −$2,700 |
| Condo Fee | −$4,944 |
| Annual NOI | $7,291 |
| Cap Rate | 1.26% |
Cash Required to Close
| Down Payment (20%) | $115,800 |
| Ontario Land Transfer Tax | $8,055 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $126,855 |
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
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