23 Drew Court, Whitby
Whitby
$820,000
Cash flow, cap rate & mortgage breakdown
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Listed by ForMax Realty Brokerage Ltd.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
5
Bathrooms
3
Days on Market
11
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Finished Basement
Rent Estimate
$3,500/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to 23 Drew Crt, Whitby! This beautifully fully renovated home offers approx. 2,100 sq ft of living space with 4+1 spacious bedrooms and 3 modern washrooms. Featuring a brand new kitchen with contemporary finishes and carpet-free flooring throughout, this home is truly move-in ready. The partially finished basement provides additional living space with great potential for extended family, a home office, or recreation. Nested on a quiet court in a desirable neighborhood, this property combines style, space, and comfort - a perfect place to call home. Easy access to highways, park, and schools. Premium corner lot on no exit street.
MississaugaInvestor.ca
23 Drew Court
Detached · 5bd/3ba · ~1,750 sqft
$820,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.47%
Monthly Cash Flow
-$2,088/mo
Estimated Rent
$3,500/mo
Cash-on-Cash
-13.93%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,500 |
| Mortgage | −$3,774 |
| Property Tax | −$731 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$683 |
| Vacancy (5%) | −$175 |
| Cash Flow | -$2,088/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$42,000 |
| Vacancy (5%) | −$2,100 |
| Property Tax | −$8,774 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$8,200 |
| Annual NOI | $20,226 |
| Cap Rate | 2.47% |
Cash Required to Close
| Down Payment (20%) | $164,000 |
| Ontario Land Transfer Tax | $12,875 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $179,875 |
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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