93- 590 NORTH SERVICE Road, Hamilton
Hamilton
$597,900
Cash flow, cap rate & mortgage breakdown
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Listed by SUTTON GROUP - SUMMIT REALTY INC.
Investment Analysis
Key Facts
Type
Att/Row/Townhouse
Bedrooms
2
Bathrooms
2
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
Absolutely Beautiful Move-In Ready 1380 Sq Ft, 2 Bedroom, 1 1/2 Bathroom, End Unit Freehold Townhouse In Desirable Stoney Creek Neighbourhood Steps From Lake Ontario. Open Concept Kitchen/Living/Dining Area Featuring Porcelain Floors, Granite Counters, Custom Backsplash, Under-Cabinet Lighting, Stainless Steel Appliances And Pot Lights Throughout. Laminate Flooring In Living & Dining Areas, Walk-Out To Balcony From Dining. Abundance Of Natural Light Throughout. Large Master Bedroom With Walk-In Closet, Second Spacious Bedroom, Gorgeous 3-Piece Main Bathroom And Laundry Completes The Third Floor. This Home Is Perfect, All You Have To Do Is Move-In.
MississaugaInvestor.ca
93- 590 NORTH SERVICE Road
Att/Row/Townhouse · 2bd/2ba · ~1,300 sqft
$597,900
Cash-Flow Report · July 31, 2026
Cap Rate
1.2%
Monthly Cash Flow
-$2,156/mo
Estimated Rent
$2,050/mo
Cash-on-Cash
-19.75%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,050 |
| Mortgage | −$2,752 |
| Property Tax | −$628 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$498 |
| Vacancy (5%) | −$103 |
| Cash Flow | -$2,156/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$24,600 |
| Vacancy (5%) | −$1,230 |
| Property Tax | −$7,534 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$5,979 |
| Annual NOI | $7,157 |
| Cap Rate | 1.2% |
Cash Required to Close
| Down Payment (20%) | $119,580 |
| Ontario Land Transfer Tax | $8,433 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $131,013 |
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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