16 Morningstar Avenue, Whitby
Whitby
$1,250,000
Cash flow, cap rate & mortgage breakdown
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Listed by HOMELIFE/CIMERMAN REAL ESTATE LIMITED
Investment Analysis
Key Facts
Type
Detached
Bedrooms
5
Bathrooms
4
Days on Market
11
Price Drop
None
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
4 Year New House Offered At Unbeatable Value, Location, And Income Potential For Families From Ajax And Durham Region. This Home Offers A Large 2-Story Layout, Detached Double Car Garage, 4 Bedrooms, 3.5 Bathrooms, And A Finished Basement With Separate Side Entrance, Providing Flexible Space For Multi-Generational Living Or Future Rental Income. Situated In Whitby's Rolling Acres, A Family-Friendly Neighbourhood With Great Schools, Parks, Trails, Transit, And Easy Access To Highways, It Delivers Daily Convenience And Long-Term Resale Value.
MississaugaInvestor.ca
16 Morningstar Avenue
Detached · 5bd/4ba · ~1,750 sqft
$1,250,000
Cash-Flow Report · August 1, 2026
Cap Rate
2.22%
Monthly Cash Flow
-$3,438/mo
Estimated Rent
$4,945/mo
Cash-on-Cash
-15.03%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$4,945 |
| Mortgage | −$5,754 |
| Property Tax | −$1,115 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$1,042 |
| Vacancy (5%) | −$247 |
| Cash Flow | -$3,438/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$59,340 |
| Vacancy (5%) | −$2,967 |
| Property Tax | −$13,375 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$12,500 |
| Annual NOI | $27,798 |
| Cap Rate | 2.22% |
Cash Required to Close
| Down Payment (20%) | $250,000 |
| Ontario Land Transfer Tax | $21,475 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $274,475 |
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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