20 Somerset Avenue, Hamilton
Hamilton
$498,995
Cash flow, cap rate & mortgage breakdown
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Listed by HOMELIFE/DIAMONDS REALTY INC.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
3
Bathrooms
2
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
Absolutely Gorgeous, Stunning Detached Home in Hamilton's Desirable Gibson Community! Professionally renovated from top to bottom, this turnkey home offers a perfect blend of modern style, comfort, and functionality. The spacious main floor features inviting living and dining areas, along with a bright family room. The upgraded kitchen boasts elegant quartz countertops and brand-new stainless-steel appliances. The second level offers 3 spacious bedrooms, including a generous primary bedroom featuring a large bay window that fills the space with natural light. Thoughtfully updated throughout, this home is truly move-in ready. Ideally located within walking distance to schools and public transit, and just minutes from Hamilton's City Centre. Enjoy easy access to community centres, Gage Park, Tim Hortons Field, and numerous amenities and developments in the surrounding area. A fantastic opportunity for first-time home buyers-simply move in and enjoy! Please note some pictures are virtually staged.
MississaugaInvestor.ca
20 Somerset Avenue
Detached · 3bd/2ba · ~1,300 sqft
$498,995
Cash-Flow Report · August 1, 2026
Cap Rate
2.57%
Monthly Cash Flow
-$1,230/mo
Estimated Rent
$2,350/mo
Cash-on-Cash
-13.51%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,350 |
| Mortgage | −$2,297 |
| Property Tax | −$524 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$416 |
| Vacancy (5%) | −$118 |
| Cash Flow | -$1,230/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$28,200 |
| Vacancy (5%) | −$1,410 |
| Property Tax | −$6,287 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$4,990 |
| Annual NOI | $12,813 |
| Cap Rate | 2.57% |
Cash Required to Close
| Down Payment (20%) | $99,799 |
| Ontario Land Transfer Tax | $6,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $109,254 |
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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