
1144 Wilmington Avenue, Oshawa
Oshawa
$998,000
Cash flow, cap rate & mortgage breakdown
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Listed by CENTURY 21 KENNECT REALTY
Investment Analysis
Key Facts
Type
Detached
Bedrooms
6
Bathrooms
4
Days on Market
27
Price Drop
9%
Year Built
N/A
Status
Active
Basement Income
Legal Suite (+$1,700/mo)
Rent Estimate
Estimated from market price-to-rent ratios
Remarks
Discover this stunning detached home offering over 3,200 sq. ft. of total living space including a very spacious and rare **LEGAL BASEMENT* with a ** SEPARATE ENTRANCE ** entrance. The house offers 4+2 bedrooms, 4 bathrooms, and the perfect blend of luxury, functionality, and versatility. The bright open-concept layout showcases quality finishes throughout, a modern kitchen with quartz countertops, built-in stainless steel appliances, premium cabinetry, and a large center island overlooking the breakfast area. This 2-year-old gem blends modern elegance with exceptional functionality. The main floor boasts high ceilings throughout, upgraded flooring, and separate living and dining area. Upstairs has 4 spacious bedrooms and 2 full washrooms, including a serene primary retreat with a walk-in closet and spa-like ensuite. The professionally finished ** LEGALY CERTIFIED BASEMENT ** features a separate entrance and dedicated HRV system, offering 2 spacious bedrooms, a full bathroom, a bright open-concept living area, and 4 large above-grade windows that fill the space with natural light. Built with premium Safe 'N' Sound insulation for superior soundproofing and comfort, this exceptional lower level has excellent income potential, with an estimated rental value of approximately $2,000 per month. The extended driveway, approved legally, accommodates 3 vehicles in addition to the attached single-car garage, providing parking for a total of 4 vehicles-a very rare and valuable feature in the neighborhood. A rare opportunity to own a beautifully upgraded family home offering luxury, functionality, ample parking, and the added value of a professionally finished legal basement with a separate entrance.
MississaugaInvestor.ca
1144 Wilmington Avenue
Detached · 6bd/4ba · ~2,250 sqft
$998,000
Cash-Flow Report · August 2, 2026
Cap Rate
2.96%
Monthly Cash Flow
-$2,134/mo
Estimated Rent
$4,850/mo
Cash-on-Cash
-11.69%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$4,850 |
| Mortgage | −$4,594 |
| Property Tax | −$1,090 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$832 |
| Vacancy (5%) | −$243 |
| Cash Flow | -$2,134/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$58,200 |
| Vacancy (5%) | −$2,910 |
| Property Tax | −$13,074 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$9,980 |
| Annual NOI | $29,536 |
| Cap Rate | 2.96% |
Cash Required to Close
| Down Payment (20%) | $199,600 |
| Ontario Land Transfer Tax | $16,435 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $219,035 |
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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