
365 East 22nd Street, Hamilton
Hamilton
$599,900
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX ESCARPMENT REALTY INC.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
3
Bathrooms
1
Days on Market
2
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Suite Potential (+$1,190/mo)
Rent Estimate
Estimated from market price-to-rent ratios · Verify suite legality with the City of Mississauga
Remarks
Nestled on a quiet, tree-lined street in the sought-after Inch Park neighbourhood of Hamilton Mountain, this solid brick home blends timeless character with thoughtful modern upgrades throughout. The main floor showcases original hardwood flooring, a modern white kitchen, and a sun-filled dining area with triple-pane sliding patio doors leading to a brand new custom back deck. A versatile main-floor bedroom also makes an ideal home office. Upstairs, you'll find two spacious bedrooms, each with deep closets. Pride of ownership is evident in the extensive mechanical updates completed within the last four years, including new water lines, a lined sewer, backwater valve, owned tankless water heater, new furnace with humidifier and ductwork, and central air conditioning. The bright lower level offers outstanding potential, featuring four triple-pane windows, including two egress windows, pot lights, fresh paint, new solid wood stairs with a black iron railing, and a separate entrance-ready to be transformed into an in-law suite or secondary unit. Outside, enjoy a brand new front porch with railing, freshly sealed driveway, and a fully fenced oversized backyard surrounded by mature trees for exceptional privacy. Ideally located just steps to the shops, cafes, and amenities along Concession Street, and only minutes to Lime Ridge Mall, the LINC, Juravinski Hospital, and two mountain accesses, this move-in ready home offers exceptional convenience in one of Hamilton Mountain's most desirable neighbourhoods. RSA.
MississaugaInvestor.ca
365 East 22nd Street
Detached · 3bd/1ba · ~1,300 sqft
$599,900
Cash-Flow Report · August 1, 2026
Cap Rate
3.64%
Monthly Cash Flow
-$943/mo
Estimated Rent
$3,340/mo
Cash-on-Cash
-8.61%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,340 |
| Mortgage | −$2,761 |
| Property Tax | −$630 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$500 |
| Vacancy (5%) | −$167 |
| Cash Flow | -$943/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$40,080 |
| Vacancy (5%) | −$2,004 |
| Property Tax | −$7,559 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$5,999 |
| Annual NOI | $21,818 |
| Cap Rate | 3.64% |
Cash Required to Close
| Down Payment (20%) | $119,980 |
| Ontario Land Transfer Tax | $8,473 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $131,453 |
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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