22 Alice Street, Hamilton
Hamilton
$460,000
Cash flow, cap rate & mortgage breakdown
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Listed by NEW AGE REAL ESTATE GROUP INC.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
2
Bathrooms
2
Days on Market
1
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
Stop paying condo fees and start building equity with this charming, move-in-ready home in the desirable Crown Point neighborhood! Perfect for first-time buyers, downsizers, or savvy investors, this bright home offers exceptional value. Enjoy laminate flooring throughout, a stylishly renovated bathroom, and a modern kitchen with crisp white cabinetry, a trendy subway-tile backsplash, quartz countertops, and a spacious dining area ideal for family meals and entertaining: one spacious newly built bedroom and a full washroom in the basement for an in-law suite. Pot lights in the living room, newly built pergola, and new roof (shingles-2026). Step outside and enjoy the convenience of being just minutes from the vibrant shops, cafés, and restaurants of Ottawa Street, Centre Mall, parks, schools, and public transit, with quick access to major highways for an easy commute. Affordable, updated, and ideally located-this is a fantastic opportunity you won't want to miss!
MississaugaInvestor.ca
22 Alice Street
Detached · 2bd/2ba · ~900 sqft
$460,000
Cash-Flow Report · August 1, 2026
Cap Rate
4.32%
Monthly Cash Flow
-$463/mo
Estimated Rent
$2,890/mo
Cash-on-Cash
-5.52%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,890 |
| Mortgage | −$2,117 |
| Property Tax | −$483 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$383 |
| Vacancy (5%) | −$145 |
| Cash Flow | -$463/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$34,680 |
| Vacancy (5%) | −$1,734 |
| Property Tax | −$5,796 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$4,600 |
| Annual NOI | $19,850 |
| Cap Rate | 4.32% |
Cash Required to Close
| Down Payment (20%) | $92,000 |
| Ontario Land Transfer Tax | $5,675 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $100,675 |
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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