44- 288 Glover Road, Hamilton
Hamilton
$759,900
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX REAL ESTATE CENTRE INC.
Investment Analysis
Key Facts
Type
Semi-Detached Condo
Bedrooms
3
Bathrooms
3
Days on Market
2
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,450/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to this executive townhome built by Branthaven Homes, offering approximately 1,650 sq. ft. of modern living with 3 spacious bedrooms and 2.5 bathrooms. The main floor features 9-ft ceilings and a bright open-concept kitchen and Living room, perfect for everyday living and entertaining. This home offers added privacy and a quiet setting away from street traffic. A single paved driveway leads to a single-car garage, with ample visitor parking nearby.The primary bedroom retreat includes a walk-in closet and a 4-piece ensuite. Low condo fees of $224.77/month cover building insurance, common elements, and exterior maintenance, including grass cutting and snow removal of driveway, steps, and laneways.Conveniently located with easy access to the Queen Elizabeth Way for commuting to Toronto or Niagara Falls, and close to schools, shopping, and everyday amenities including Winona Crossing Shopping Plaza.
MississaugaInvestor.ca
44- 288 Glover Road
Semi-Detached Condo · 3bd/3ba · ~1,700 sqft
$759,900
Cash-Flow Report · August 3, 2026
Cap Rate
1.67%
Monthly Cash Flow
-$2,439/mo
Estimated Rent
$2,450/mo
Cash-on-Cash
-17.56%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,450 |
| Mortgage | −$3,498 |
| Property Tax | −$798 |
| Insurance | −$225 |
| Condo Fee | −$245 |
| Vacancy (5%) | −$123 |
| Cash Flow | -$2,439/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$29,400 |
| Vacancy (5%) | −$1,470 |
| Property Tax | −$9,575 |
| Insurance | −$2,700 |
| Condo Fee | −$2,940 |
| Annual NOI | $12,715 |
| Cap Rate | 1.67% |
Cash Required to Close
| Down Payment (20%) | $151,980 |
| Ontario Land Transfer Tax | $11,673 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $166,653 |
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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