640 Tate Avenue, Hamilton
Hamilton
$599,999
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
Suite Potential (+$1,190/mo)
Rent Estimate
Estimated from market price-to-rent ratios · Verify suite legality with the City of Mississauga
Remarks
Welcome to your next home in the heart of Hamilton! This beautifully updated single-family home offers a perfect blend of comfort, style, and functionality ideal for families, first-time buyers, or investors.Inside, you'll find 3 spacious bedrooms plus a versatile bonus room in the in-law suite, to accommodate your families needs. The home features upgraded flooring throughout, a fresh coat of paint, and a newly renovated front porch, Driveway, Backyard that welcomes you with charm and curb appeal.Whether you're hosting guests or enjoying quiet evenings, the layout offers flexibility and space for everyone including the private in-law suite, perfect for extended family, guests, or even potential rental income.Major mechanicals are taken care of furnace and AC are owned, giving you peace of mind and no rental fees.Located in a family-friendly neighborhood with top-rated schools nearby, you'll love being within walking distance to parks and enjoying weekend strolls by Lake View Beach.Don't miss this opportunity to own a move-in-ready home in one of Hamiltons most desirable areas!
MississaugaInvestor.ca
640 Tate Avenue
Detached · 4bd/2ba · ~1,300 sqft
$599,999
Cash-Flow Report · August 1, 2026
Cap Rate
4.11%
Monthly Cash Flow
-$707/mo
Estimated Rent
$3,590/mo
Cash-on-Cash
-6.45%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,590 |
| Mortgage | −$2,762 |
| Property Tax | −$630 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$500 |
| Vacancy (5%) | −$180 |
| Cash Flow | -$707/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$43,080 |
| Vacancy (5%) | −$2,154 |
| Property Tax | −$7,560 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$6,000 |
| Annual NOI | $24,666 |
| Cap Rate | 4.11% |
Cash Required to Close
| Down Payment (20%) | $119,999.8 |
| Ontario Land Transfer Tax | $8,475 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $131,474.8 |
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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