
2029 Verne Bowen Street, Oshawa
Oshawa
$749,999
Cash flow, cap rate & mortgage breakdown
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Listed by CENTURY 21 INNOVATIVE REALTY INC.
Investment Analysis
Key Facts
Type
Att/Row/Townhouse
Bedrooms
3
Bathrooms
3
Days on Market
14
Price Drop
3%
Year Built
N/A
Status
Active
Basement Income
Legal Suite (+$1,400/mo)
Rent Estimate
Estimated from market price-to-rent ratios
Remarks
Welcome to this beautiful 2-year-old corner townhome by Homeward Hills, offering 1,797 sq. ft. of modern living space in the highly sought-after Kedron community of North Oshawa. Perfect for first-time home buyers, growing families, or downsizers looking for a low-maintenance lifestyle without compromising on space. This traditional 2-storey home features 3 spacious bedrooms, 3 bathrooms, and a functional layout designed for everyday living. The bright and modern kitchen is equipped with stainless steel appliances and overlooks the main living area, making it ideal for both family life and entertaining. Enjoy the added benefit of a corner lot, providing extra natural light, enhanced curb appeal, and a private backyard space for relaxing or outdoor gatherings. The spacious unfinished basement offers endless possibilities for future customization, storage, a recreation room, or additional living space. Located in one of Oshawa's fastest-growing neighbourhoods, you'll be just minutes from Highway 407, Highway 7, Durham College, Ontario Tech University, Costco, shopping, restaurants, parks, schools, and the prestigious Kedron Dells Golf Club. A fantastic opportunity to own a newer home in a thriving community with exceptional convenience and future growth potential. Some Pictures are Virtually Staged.
MississaugaInvestor.ca
2029 Verne Bowen Street
Att/Row/Townhouse · 3bd/3ba · ~1,750 sqft
$749,999
Cash-Flow Report · August 1, 2026
Cap Rate
2.8%
Monthly Cash Flow
-$1,701/mo
Estimated Rent
$3,600/mo
Cash-on-Cash
-12.41%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,600 |
| Mortgage | −$3,452 |
| Property Tax | −$819 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$625 |
| Vacancy (5%) | −$180 |
| Cash Flow | -$1,701/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$43,200 |
| Vacancy (5%) | −$2,160 |
| Property Tax | −$9,825 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$7,500 |
| Annual NOI | $21,015 |
| Cap Rate | 2.8% |
Cash Required to Close
| Down Payment (20%) | $149,999.8 |
| Ontario Land Transfer Tax | $11,475 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $164,474.8 |
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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