614 Waterloo Street, Hamilton
Hamilton
$539,999
Cash flow, cap rate & mortgage breakdown
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Listed by COLDWELL BANKER ADVANTAGE REAL ESTATE INC, BROKERAGE
Investment Analysis
Key Facts
Type
Detached
Bedrooms
2
Bathrooms
1
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,100/mo
Estimated from market price-to-rent ratios
Remarks
This charming 2-bedroom, 1-bathroom home offers excellent potential for investors, contractors, and first-time buyers alike. Situated on a spacious lot with severance potential, complete blueprints are available upon request. The property is ideal for building a new home or renovating and expanding the existing one. The attic spans the entire footprint of the house and has been fully cleared and prepared, making it ready to be finished into additional living space. A WETT-certified wood stove was professionally installed in October 2023, and the property features two new workshops installed in January 2025, both with power running to them. Additional highlights include two driveways for ample parking, no neighbours on either side, and a beautiful view of the dog park across the street. Ideally located, the home sits directly across from the Globe Dog Park. The park offers open fields and easy access to the Red Hill Trail, with Confederation Beach just a pleasant 15-minute walk away. The property also offers convenient highway access and is close to shopping and everyday amenities. Wheelchair accessible and move-in ready, this quiet property could very well be your new home.
MississaugaInvestor.ca
614 Waterloo Street
Detached · 2bd/1ba · ~900 sqft
$539,999
Cash-Flow Report · August 2, 2026
Cap Rate
1.67%
Monthly Cash Flow
-$1,733/mo
Estimated Rent
$2,100/mo
Cash-on-Cash
-17.58%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,100 |
| Mortgage | −$2,486 |
| Property Tax | −$567 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$450 |
| Vacancy (5%) | −$105 |
| Cash Flow | -$1,733/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$25,200 |
| Vacancy (5%) | −$1,260 |
| Property Tax | −$6,804 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$5,400 |
| Annual NOI | $9,036 |
| Cap Rate | 1.67% |
Cash Required to Close
| Down Payment (20%) | $107,999.8 |
| Ontario Land Transfer Tax | $7,275 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $118,274.8 |
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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