
15 Quay Court, Hamilton
Hamilton
$729,900
Cash flow, cap rate & mortgage breakdown
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Listed by Royal LePage Real Estate Associates
Investment Analysis
Key Facts
Type
Detached
Bedrooms
4
Bathrooms
2
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,900/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to this beautifully updated raised bungalow tucked away on a quiet court on the Hamilton mountain in the Quinndale neighbourhood. Offering 3+1 bedrooms, 2 full bathrooms, an attached garage, and a spacious family-friendly layout. This home is completely move-in ready. The heart of the home is the stunning designer kitchen (2024) featuring quartz countertops, quality cabinetry, new appliances, a breakfast island, and an abundance of workspace. It opens seamlessly to the generous dining area, creating the perfect space for everyday living and entertaining. Hardwood flooring throughout the main level adds warmth and timeless style. The bright lower level (2020) is anything but ordinary, with oversized windows that fill the space with natural light, a large recreation room, an additional bedroom, a beautifully finished bathroom, and a gorgeous laundry room that makes everyday tasks feel anything but routine. Step outside to a fully fenced backyard complete with a spacious deck, pergola, gazebo and plenty of room for kids, pets, or summer gatherings. Other updates include new A/C (2023) and owned hot water tank (2023). Situated in one of Hamilton Mountain's most desirable family neighbourhoods, you're just minutes from excellent schools, parks, shopping, restaurants, the Linc, the Redhill, and every amenity you need. A turnkey home in an exceptional location, this is one you won't want to miss.
MississaugaInvestor.ca
15 Quay Court
Detached · 4bd/2ba · ~1,300 sqft
$729,900
Cash-Flow Report · July 31, 2026
Cap Rate
1.9%
Monthly Cash Flow
-$2,204/mo
Estimated Rent
$2,900/mo
Cash-on-Cash
-16.52%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,900 |
| Mortgage | −$3,360 |
| Property Tax | −$766 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$608 |
| Vacancy (5%) | −$145 |
| Cash Flow | -$2,204/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$34,800 |
| Vacancy (5%) | −$1,740 |
| Property Tax | −$9,197 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$7,299 |
| Annual NOI | $13,864 |
| Cap Rate | 1.9% |
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
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