47 Bowman Street, Hamilton
Hamilton
$999,900
Cash flow, cap rate & mortgage breakdown
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Listed by EXP REALTY
Investment Analysis
Key Facts
Type
Detached
Bedrooms
10
Bathrooms
6
Days on Market
6
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Suite Potential (+$1,445/mo)
Rent Estimate
Estimated from market price-to-rent ratios · Verify suite legality with the City of Mississauga
Remarks
Attention Investors & Savvy Buyers! Fantastic, high-yield opportunity in a highly desirable, AAA+ location-just steps to McMaster University and local amenities. This massive property offers incredible income potential and has been beautifully updated. Boasting 10 generous bedrooms and 6 bathrooms, this home is a investors dream or multi-generational masterpiece. Fresh new flooring on main floor, extends up the stairs and throughout the second level, where you'll find a massive primary suite with its own generous ensuite. The fully finished basement adds incredible value with a second kitchen and full bathroom. Turnkey, updated, and in an unbeatable location-do not miss out on this amazing investment opportunity!
MississaugaInvestor.ca
47 Bowman Street
Detached · 10bd/6ba · ~2,250 sqft
$999,900
Cash-Flow Report · July 31, 2026
Cap Rate
3.05%
Monthly Cash Flow
-$2,060/mo
Estimated Rent
$4,895/mo
Cash-on-Cash
-11.26%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$4,895 |
| Mortgage | −$4,602 |
| Property Tax | −$1,050 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$833 |
| Vacancy (5%) | −$245 |
| Cash Flow | -$2,060/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$58,740 |
| Vacancy (5%) | −$2,937 |
| Property Tax | −$12,599 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$9,999 |
| Annual NOI | $30,505 |
| Cap Rate | 3.05% |
Cash Required to Close
| Down Payment (20%) | $199,980 |
| Ontario Land Transfer Tax | $16,473 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $219,453 |
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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