151 East 16th Street, Hamilton
Hamilton
$579,900
Cash flow, cap rate & mortgage breakdown
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Listed by SUTTON GROUP QUANTUM REALTY INC.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
3
Bathrooms
1
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,450/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to 151 East 16th Street! This Charming 1.5 Storey 3 Bedroom Home is Located in a Desirable Hamilton Mountain Location. This Home Features Include Built in Garage, Large Eat-In Kitchen, Main Floor Bedroom, Spacious Private Backyard, Steps to the Inch Park, Trendy Concession Street, Shops, Restaurants, Sam Lawrence Park, Juravinski Hospital, Lincoln Alexander Parkway, Schools and Libraries. Great Opportunity to make this Fabulous Location your Home!
MississaugaInvestor.ca
151 East 16th Street
Detached · 3bd/1ba · ~1,300 sqft
$579,900
Cash-Flow Report · July 31, 2026
Cap Rate
2.09%
Monthly Cash Flow
-$1,659/mo
Estimated Rent
$2,450/mo
Cash-on-Cash
-15.67%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,450 |
| Mortgage | −$2,669 |
| Property Tax | −$609 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$483 |
| Vacancy (5%) | −$123 |
| Cash Flow | -$1,659/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$29,400 |
| Vacancy (5%) | −$1,470 |
| Property Tax | −$7,307 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$5,799 |
| Annual NOI | $12,124 |
| Cap Rate | 2.09% |
Cash Required to Close
| Down Payment (20%) | $115,980 |
| Ontario Land Transfer Tax | $8,073 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $127,053 |
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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