64- 64 Myers Lane, Hamilton
Hamilton
$660,000
Cash flow, cap rate & mortgage breakdown
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Listed by RIGHT AT HOME REALTY
Investment Analysis
Key Facts
Type
Condo Townhouse
Bedrooms
3
Bathrooms
3
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,350/mo
Estimated from market price-to-rent ratios
Remarks
Stunning Move-In Ready Unit Townhome in the Highly Desirable Community of Ancaster. Featuring hardwood flooring throughout the main and upper levels, this bright and spacious home offers an open-concept layout ideal for modern living. The main floor includes a walk-out to a concrete patio, perfect for relaxing or entertaining. Upstairs, you'll find three generously sized bedrooms, including a separate primary retreat complete with a large walk-in closet and a private 3-piece ensuite. Enjoy the convenience of inside access to the garage from the main floor. Ideally situated just minutes from shopping, restaurants, parks, nature trails, schools, and major highways, this home offers exceptional comfort and convenience in a prime location. RECENT upgrades: Roof (2024), Fridge (2024), Dishwasher (2025), Stove (2025), Microwave (2025), Washer and Dryer (2025) A wonderful opportunity to enjoy comfortable living in one of Ancaster's most desirable communities.
MississaugaInvestor.ca
64- 64 Myers Lane
Condo Townhouse · 3bd/3ba · ~1,500 sqft
$660,000
Cash-Flow Report · August 1, 2026
Cap Rate
1.73%
Monthly Cash Flow
-$2,089/mo
Estimated Rent
$2,350/mo
Cash-on-Cash
-17.33%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,350 |
| Mortgage | −$3,038 |
| Property Tax | −$693 |
| Insurance | −$225 |
| Condo Fee | −$365 |
| Vacancy (5%) | −$118 |
| Cash Flow | -$2,089/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$28,200 |
| Vacancy (5%) | −$1,410 |
| Property Tax | −$8,316 |
| Insurance | −$2,700 |
| Condo Fee | −$4,380 |
| Annual NOI | $11,394 |
| Cap Rate | 1.73% |
Cash Required to Close
| Down Payment (20%) | $132,000 |
| Ontario Land Transfer Tax | $9,675 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $144,675 |
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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