
245 West 33rd Street, Hamilton
Hamilton
$688,800
Cash flow, cap rate & mortgage breakdown
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Listed by RIGHT AT HOME REALTY
Investment Analysis
Key Facts
Type
Detached
Bedrooms
4
Bathrooms
2
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Finished Basement
Rent Estimate
$2,850/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to 245 West 33rd Street, a clean, cozy, and exceptionally well-maintained home situated in one of Hamilton's most desirable West Mountain neighborhoods. Completely move-in ready, this pristine property combines classic charm with thoughtful modern updates for effortless family living. Unbeatably located just minutes from schools, scenic parks, trails along the Escarpment, Mohawk College, St. Joseph's Healthcare West 5 Campus, vibrant shopping, and easy highway access. Stepping inside, you are greeted by a bright and welcoming layout featuring brand-new flooring, an upgraded staircase, and fresh neutral paint throughout. All vinyl windows stream abundant natural light into every room while providing excellent thermal efficiency and noise reduction. The main floor boasts three generous bedrooms, a sparkling full bathroom, and a seamless flow between the comfortable living and dining spaces. Extending your overall footprint, the fully finished basement adds incredible functional space. It features a sprawling recreation room ideal for family movie nights, a spacious fourth bedroom, a private den perfect for a quiet home office or study, and a second full bathroom. This versatile lower level is ideal for guests, teenagers, or modern work-from-home needs. Homeowner will enjoy complete peace of mind with major updates already completed, including a newer high-efficiency furnace and heat pump( 2024). Outside, the home offers a protective carport to guard your vehicle from winter snow, paired with a long single-wide driveway accommodating parking for up to 3 cars. Separate entry for two unit rental potential. Acting quickly. It won't last too long!
MississaugaInvestor.ca
245 West 33rd Street
Detached · 4bd/2ba · ~900 sqft
$688,800
Cash-Flow Report · July 31, 2026
Cap Rate
2.06%
Monthly Cash Flow
-$1,985/mo
Estimated Rent
$2,850/mo
Cash-on-Cash
-15.77%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,850 |
| Mortgage | −$3,170 |
| Property Tax | −$723 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$574 |
| Vacancy (5%) | −$143 |
| Cash Flow | -$1,985/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$34,200 |
| Vacancy (5%) | −$1,710 |
| Property Tax | −$8,679 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$6,888 |
| Annual NOI | $14,223 |
| Cap Rate | 2.06% |
Cash Required to Close
| Down Payment (20%) | $137,760 |
| Ontario Land Transfer Tax | $10,251 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $151,011 |
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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