128 Elgin Street, Oshawa
Oshawa
$709,000
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX ULTIMATE REALTY INC.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
8
Bathrooms
4
Days on Market
36
Price Drop
7%
Year Built
N/A
Status
Active
Basement Income
Suite Potential (+$1,445/mo)
Rent Estimate
Estimated from market price-to-rent ratios · Verify suite legality with the City of Mississauga
Remarks
***Legal Duplex***This Large 7 Plus 1 bedroom "CASH POSITIVE!" 2.5 Story Great income and a Great Investment! Main Floor Features Living Room, Kitchen & 2 Bedrooms, 2nd Floor Has 2 More Bedrooms And Living Space, 3rd Floor Has Family Room And Another Bedroom. Basement Apartment. Amenities near by: Costco, Shopping, Restaurants & Entertainment. Easy Access To Hwy 401 Straight Down Ritson
MississaugaInvestor.ca
128 Elgin Street
Detached · 8bd/4ba · ~2,250 sqft
$709,000
Cash-Flow Report · July 31, 2026
Cap Rate
4.3%
Monthly Cash Flow
-$725/mo
Estimated Rent
$4,345/mo
Cash-on-Cash
-5.6%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$4,345 |
| Mortgage | −$3,263 |
| Property Tax | −$774 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$591 |
| Vacancy (5%) | −$217 |
| Cash Flow | -$725/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$52,140 |
| Vacancy (5%) | −$2,607 |
| Property Tax | −$9,288 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$7,090 |
| Annual NOI | $30,455 |
| Cap Rate | 4.3% |
Cash Required to Close
| Down Payment (20%) | $141,800 |
| Ontario Land Transfer Tax | $10,655 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $155,455 |
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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