42 Thorncroft Crescent, Ajax
Ajax
$749,000
Cash flow, cap rate & mortgage breakdown
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Listed by Royal Heritage Realty Ltd.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
3
Bathrooms
2
Days on Market
10
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 to this charming all-brick detached bungalow on a desirable fenced, corner lot in a sought-after Ajax neighbourhood near Salem Rd. & Bayly St. This home features 3 bedrooms and 1.5 bathrooms, offering comfortable living for families, first-time buyers, or downsizers. A separate side entrance adds convenience and flexibility which may interest investors. The 13 x 21 foot detached heated and A/C man cave/workshop is the perfect space for hobbies, a possible home gym, or office. The private driveway provides parking for up to 5 vehicles. Ideally located close to schools, parks, shopping, transit, and major highways, this is a fantastic opportunity to own a detached home in a great community.
MississaugaInvestor.ca
42 Thorncroft Crescent
Detached · 3bd/2ba · ~900 sqft
$749,000
Cash-Flow Report · July 31, 2026
Cap Rate
3.24%
Monthly Cash Flow
-$1,424/mo
Estimated Rent
$3,740/mo
Cash-on-Cash
-10.4%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,740 |
| Mortgage | −$3,448 |
| Property Tax | −$680 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$624 |
| Vacancy (5%) | −$187 |
| Cash Flow | -$1,424/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$44,880 |
| Vacancy (5%) | −$2,244 |
| Property Tax | −$8,164 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$7,490 |
| Annual NOI | $24,282 |
| Cap Rate | 3.24% |
Cash Required to Close
| Down Payment (20%) | $149,800 |
| Ontario Land Transfer Tax | $11,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $164,255 |
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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