
20 Cardinal Drive, Hamilton
Hamilton
$619,000
Cash flow, cap rate & mortgage breakdown
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Listed by ROYAL LEPAGE BURLOAK REAL ESTATE SERVICES
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
None Detected
Rent Estimate
$2,800/mo
Estimated from market price-to-rent ratios
Remarks
In one of Hamilton Mountain's established family neighbourhoods, this well-maintained 4-bed, 2-bath bungalow offers approx. 1,829 sq. ft. of fin. living space, a beautifully landscaped, fully fenced backyard, and a functional layout designed for everyday living. The private outdoor space is a true extension of the home, featuring an expansive interlock patio, raised deck, mature gardens, generous green space, and a storage shed-perfect for relaxing, entertaining, or spending time with family and friends. Ideally located close to parks, schools, shopping, restaurants, transit, and highway access. Hardwood flooring and oversized windows create a warm, inviting atmosphere throughout the main living areas. The living room flows into the dining area, creating an ideal setting for everyday living and entertaining. The eat-in kitchen features white cabinetry, generous counter space, ample storage, and a bright breakfast area overlooking the front yard. Two well-proportioned bedrooms and an updated 3-pc bath complete the main level. Originally designed with 3 main-floor bedrooms, the dining room can easily be converted back if desired. The fin. lower level offers exceptional flexibility with a spacious rec room centred around a cozy gas fireplace, 2 add'l bedrooms, a 2-pc bath, and a large utility/laundry room with abundant storage-ideal for growing families, guests, a home office, or hobby space. Whether you're hosting summer BBQs, watching children and pets play, or enjoying a quiet evening on the deck, the backyard is designed to be enjoyed throughout the seasons. Thoughtfully maintained inside and out, this move-in-ready home offers a wonderful opportunity in one of Hamilton Mountain's most established family neighbourhoods.
MississaugaInvestor.ca
20 Cardinal Drive
Detached · 4bd/2ba · ~900 sqft
$619,000
Cash-Flow Report · August 1, 2026
Cap Rate
2.46%
Monthly Cash Flow
-$1,580/mo
Estimated Rent
$2,800/mo
Cash-on-Cash
-13.98%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,800 |
| Mortgage | −$2,849 |
| Property Tax | −$650 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$516 |
| Vacancy (5%) | −$140 |
| Cash Flow | -$1,580/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$33,600 |
| Vacancy (5%) | −$1,680 |
| Property Tax | −$7,799 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$6,190 |
| Annual NOI | $15,231 |
| Cap Rate | 2.46% |
Cash Required to Close
| Down Payment (20%) | $123,800 |
| Ontario Land Transfer Tax | $8,855 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $135,655 |
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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