26 Magnificent Way, Hamilton
Hamilton
$629,900
Cash flow, cap rate & mortgage breakdown
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Listed by ROYAL LEPAGE STATE REALTY
Investment Analysis
Key Facts
Type
Att/Row/Townhouse
Bedrooms
3
Bathrooms
3
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,400/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to 26 Magnificent Way, a beautifully designed freehold townhome nestled in the heart of Binbrook, a charming small-town community just minutes from the city. Located in a family-friendly neighbourhood, this move-in-ready home offers 3 bedrooms, 2.5 bathrooms, and 1,411 sq ft of thoughtfully designed above-grade living space - perfect for first-time buyers, young families, or anyone seeking small-town charm without sacrificing modern convenience. The spacious primary bedroom features a walk-in closet and a private ensuite complete with a relaxing Roman tub. The open-concept main floor boasts a bright kitchen with a breakfast bar/island, updated zebra shades, high-quality Pollard windows, new light fixtures and pot lights, and a beautiful oak staircase. Additional features include central air conditioning, central vacuum, a single-car garage with inside entry, rounded corner interior construction, and a high, dry lower level with rough-in for a future fourth bathroom. The roof was replaced in 2019, providing added peace of mind. Conveniently located close to schools, parks, and everyday amenities, this exceptional home offers the perfect blend of comfort, style, and value in one of Binbrook's most desirable communities.
MississaugaInvestor.ca
26 Magnificent Way
Att/Row/Townhouse · 3bd/3ba · ~1,300 sqft
$629,900
Cash-Flow Report · July 31, 2026
Cap Rate
1.65%
Monthly Cash Flow
-$2,030/mo
Estimated Rent
$2,400/mo
Cash-on-Cash
-17.65%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,400 |
| Mortgage | −$2,899 |
| Property Tax | −$661 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$525 |
| Vacancy (5%) | −$120 |
| Cash Flow | -$2,030/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$28,800 |
| Vacancy (5%) | −$1,440 |
| Property Tax | −$7,937 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$6,299 |
| Annual NOI | $10,424 |
| Cap Rate | 1.65% |
Cash Required to Close
| Down Payment (20%) | $125,980 |
| Ontario Land Transfer Tax | $9,073 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $138,053 |
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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