104 Mercer Street, Hamilton
Hamilton
$709,900
Cash flow, cap rate & mortgage breakdown
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Listed by MAIN STREET REALTY LTD.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
3
Bathrooms
2
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,600/mo
Estimated from market price-to-rent ratios
Remarks
Character, charm, and modern updates come together at 104 Mercer St. This beautifully renovated 2 + 1 bedroom, 2 bathroom character home offer turnkey living in one of Dundas's most desirable neighbourhoods. Sun-filled living spaces, thoughtful renovations, and a flexible finished lower level creates a home that's as functional as it is inviting. Outside, unwind in the private backyard surrounded by established perennial gardens. Just a short stroll to vibrant downtown Dundas, scenic parks and trails, cafés, restaurants, and everyday amenities, this is a rare opportunity to enjoy the lifestyle that makes Dundas one of Hamilton's most beloved communities.
MississaugaInvestor.ca
104 Mercer Street
Detached · 3bd/2ba · ~1,300 sqft
$709,900
Cash-Flow Report · July 31, 2026
Cap Rate
1.53%
Monthly Cash Flow
-$2,360/mo
Estimated Rent
$2,600/mo
Cash-on-Cash
-18.19%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,600 |
| Mortgage | −$3,268 |
| Property Tax | −$745 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$592 |
| Vacancy (5%) | −$130 |
| Cash Flow | -$2,360/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$31,200 |
| Vacancy (5%) | −$1,560 |
| Property Tax | −$8,945 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$7,099 |
| Annual NOI | $10,896 |
| Cap Rate | 1.53% |
Cash Required to Close
| Down Payment (20%) | $141,980 |
| Ontario Land Transfer Tax | $10,673 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $155,653 |
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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