31 Darlington Drive, Hamilton
Hamilton
$698,000
Cash flow, cap rate & mortgage breakdown
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Listed by EXP REALTY
Investment Analysis
Key Facts
Type
Detached
Bedrooms
4
Bathrooms
2
Days on Market
3
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Suite Potential (+$1,190/mo)
Rent Estimate
Estimated from market price-to-rent ratios · Verify suite legality with the City of Mississauga
Remarks
Well-maintained 4-level brick backsplit on Hamilton's west mountain - 3+3 bedrooms, 2 baths, and levels of living space to grow into. A separate rear entrance offers the option of a self-contained in-law suite, ideal for multigenerational living or rental income. Steps from Mohawk College, the LINC, and all west mountain amenities. Extensively updated: 2017 - ESA-certified wiring and panel, new carpets, baseboards, doors, ceramic flooring, kitchen sink, hardware, faucets, backsplash, granite counters, appliances, washer/dryer, and a redone backyard with new fence. 2018 - refinished original hardwood and updated main floor bathroom. 2019 - new light fixtures.
MississaugaInvestor.ca
31 Darlington Drive
Detached · 4bd/2ba · ~1,300 sqft
$698,000
Cash-Flow Report · July 31, 2026
Cap Rate
3.46%
Monthly Cash Flow
-$1,200/mo
Estimated Rent
$3,740/mo
Cash-on-Cash
-9.41%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,740 |
| Mortgage | −$3,213 |
| Property Tax | −$733 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$582 |
| Vacancy (5%) | −$187 |
| Cash Flow | -$1,200/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$44,880 |
| Vacancy (5%) | −$2,244 |
| Property Tax | −$8,795 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$6,980 |
| Annual NOI | $24,161 |
| Cap Rate | 3.46% |
Cash Required to Close
| Down Payment (20%) | $139,600 |
| Ontario Land Transfer Tax | $10,435 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $153,035 |
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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