
115 Ellington Drive, Toronto E04
Toronto E04
$839,000
Cash flow, cap rate & mortgage breakdown
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Listed by CENTURY 21 ATRIA REALTY INC.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
3
Bathrooms
2
Days on Market
15
Price Drop
None
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 Charming All-Brick Detached Bungalow, Beautifully Maintained And Move-In Ready Homes That Has Been Lovingly Cared For By The Same Owners For 30 Years! Featuring Almost $70,000 In Recent Renovations, This Versatile Home Offers 2+1 Bedrooms, 2 Full Baths, 2 Kitchens, A Separate Side Entrance, & A Fully Finished Basement Suite-Perfect For Extended Family, Multi-Generational Living, Or Rental Income Potential! Situated On An Impressive 125- Foot Deep Lot With A Huge Backyard. The Main Floor Features Hardwood Flooring Throughout, A Bright And Inviting Layout, An Updated Kitchen(2021), Renovated Bathroom(2021), & A Carpet- Free Interior. The Brand New Basement Suite Has Been Thoughtfully Renovated Just Under A Year Ago W/ A Side Entrance, Brand-New Kitchen, New Bathroom, New Flooring, New Windows, Pot Lights, A New Bedroom, & A Functional Living Space Offering Excellent Rental Or In-Law Suite Potential Other Big Upgrades! Roof Replacement (May 2020), New PVC Plumbing Upgrades (2025) For Peace of Mind And Long Term Reliability. Conveniently Located In The Highly Desirable Warden & Lawrence Area, You're Just Minutes From TTC Transit, Schools, Parks, Places Of Worship, Shopping Plazas, And Everyday Amenities. Walk To Costco, Food Basics, Parkway Mall, And Numerous Restaurants. Enjoy Quick Access To Highway 401, DVP, Highway 404, And Close Proximity To Scarborough General Hospital. A Rare Opportunity To Own A Turnkey Home With A Separate Entrance, Income Potential, And A Massive Backyard In A Prime Scarborough Location- Don't Miss It! Some Photos Have Been Enhanced And Virtually Staged For Marketing Purposes.
MississaugaInvestor.ca
115 Ellington Drive
Detached · 3bd/2ba · ~900 sqft
$839,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.88%
Monthly Cash Flow
-$1,850/mo
Estimated Rent
$3,790/mo
Cash-on-Cash
-12.06%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,790 |
| Mortgage | −$3,862 |
| Property Tax | −$664 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$699 |
| Vacancy (5%) | −$190 |
| Cash Flow | -$1,850/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$45,480 |
| Vacancy (5%) | −$2,274 |
| Property Tax | −$7,971 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$8,390 |
| Annual NOI | $24,145 |
| Cap Rate | 2.88% |
Cash Required to Close
| Down Payment (20%) | $167,800 |
| Ontario Land Transfer Tax | $13,255 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $184,055 |
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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