
34 East 24th Street, Hamilton
Hamilton
$459,900
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX ESCARPMENT GOLFI REALTY INC.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
2
Bathrooms
1
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,050/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to this beautifully maintained bungalow in a fantastic Hamilton Mountain location, walking distance to Juravinski Hospital, the Mountain Brow, Concession Street shops and restaurants, schools, and transit. This carpet-free home blends classic character with tasteful updates throughout. The bright, open-concept living and dining room welcomes you with hardwood floors, crown moulding, flowing into a stylish white kitchen with stainless steel appliances and ceramic backsplash. A cozy family room addition off the kitchen features an electric fireplace and walkout to a large deck (2010) and private, beautifully landscaped backyard, perfect for summer entertaining or quiet mornings with coffee. Two comfortable bedrooms offer warm, inviting spaces, while the updated powder room adds a soft, on-trend touch with a round mirror and custom tile floor. Additional highlights include: roof reshingled on both house and detached garage (2020), upgraded blown-in attic insulation, thermal windows on the main floor, central air, and a detached garage with hydro and concrete driveway. A wonderful opportunity for first-time buyers, downsizers, or investors looking for a turnkey property in one of Hamilton's most convenient mountain-brow communities.
MississaugaInvestor.ca
34 East 24th Street
Detached · 2bd/1ba · ~900 sqft
$459,900
Cash-Flow Report · July 31, 2026
Cap Rate
2.23%
Monthly Cash Flow
-$1,261/mo
Estimated Rent
$2,050/mo
Cash-on-Cash
-15.03%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,050 |
| Mortgage | −$2,117 |
| Property Tax | −$483 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$383 |
| Vacancy (5%) | −$103 |
| Cash Flow | -$1,261/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$24,600 |
| Vacancy (5%) | −$1,230 |
| Property Tax | −$5,795 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$4,599 |
| Annual NOI | $10,276 |
| Cap Rate | 2.23% |
Cash Required to Close
| Down Payment (20%) | $91,980 |
| Ontario Land Transfer Tax | $5,673 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $100,653 |
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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