96 Oakes Avenue, Oshawa
Oshawa
$604,900
Cash flow, cap rate & mortgage breakdown
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Listed by Royal Heritage Realty Ltd.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
4
Bathrooms
2
Days on Market
50
Price Drop
4%
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 home to this beautifully renovated bungalow in the heart of Central Oshawa! Tucked into a quiet, family-friendly neighbourhood, this move-in-ready 3-bedroom, 2-bathroom gem blends timeless charm with thoughtful updates. Step inside to a warm, traditional layout featuring dining room that offer the perfect flow for both everyday living and entertaining. The bright main eat in kitchen is a true highlight. The fully finished basement adds incredible versatility, boasting a separate entrance, a second kitchen, a full bathroom, an additional bedroom, and a flexible den/office space. Whether you're accommodating extended family, hosting guests, or exploring the potential of an in-law suite, this space delivers options to fit your lifestyle. Location couldn't be better. You'll enjoy easy access to top-rated schools, Durham College, Costco, public transit, beautiful parks, and Highway 407,putting everything you need just minutes away. With a motivated seller and tenants happy to stay on, this is an opportunity you won't want to miss. A genuine property ready for its next chapter, book your showing today!
MississaugaInvestor.ca
96 Oakes Avenue
Detached · 4bd/2ba · ~900 sqft
$604,900
Cash-Flow Report · July 31, 2026
Cap Rate
3.92%
Monthly Cash Flow
-$810/mo
Estimated Rent
$3,540/mo
Cash-on-Cash
-7.33%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,540 |
| Mortgage | −$2,784 |
| Property Tax | −$660 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$504 |
| Vacancy (5%) | −$177 |
| Cash Flow | -$810/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$42,480 |
| Vacancy (5%) | −$2,124 |
| Property Tax | −$7,924 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$6,049 |
| Annual NOI | $23,683 |
| Cap Rate | 3.92% |
Cash Required to Close
| Down Payment (20%) | $120,980 |
| Ontario Land Transfer Tax | $8,573 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $132,553 |
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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