
39 Fairside Avenue, Toronto E03
Toronto E03
$999,000
Cash flow, cap rate & mortgage breakdown
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Listed by SOLTANIAN REAL ESTATE INC.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
3
Bathrooms
2
Days on Market
8
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
Solid Brick 2-Storey Home On One Of The Widest Lots On The Street! Welcome to this beautifully maintained and freshly painted 3-bedroom home, situated on an impressive 34.65 x 98 ft lot , one of the widest lots on the street! An ideal home for a family looking to live in a great, updated 2 story home in a quiet and desirable East York neighbourhood. The home has been thoughtfully renovated and updated over the past 10 years and is move-in ready. Freshly painted throughout, with brand new carpet on the stairs and a beautiful new dining room chandelier. The main floor offers an open-concept living with gas fireplace and dining area , walk-out to a large covered deck for outdoor living area and spacious backyard, along with an updated kitchen - an excellent setting for family living and entertaining.From the open-concept living and dining area, the staircase leads to the upper level, where a skylight fills the home with an abundance of natural light, creating a bright and inviting atmosphere throughout.The finished basement features a separate entrance, large recreation/family room, a bathroom, and a convenient storage area, providing excellent additional space for a growing family, home office or recreation. Solid brick construction, attached garage, 2-car driveway, and a large backyard with mature trees and preannaul flowers. Some new windows and a 100-amp electrical upgrade. No rental equipment. Excellent potential for builders, investors, or end users. Fantastic location - 5-minute drive to major highways, 5-minute walk to bus service, and approximately 15-minute walk to the subway and Danforth restaurants, entertainment, and amenities. Walk to the hospital, public schools, and high schools, including TDSB and TCDSB options. Close to the Beaches and East York recreational activities including lacrosse, baseball, hockey, and soccer. A rare opportunity to own a well-kept family home on an exceptionally wide lot in a mature and highly desirable neighbourhood!
MississaugaInvestor.ca
39 Fairside Avenue
Detached · 3bd/2ba · ~1,300 sqft
$999,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.33%
Monthly Cash Flow
-$2,657/mo
Estimated Rent
$3,990/mo
Cash-on-Cash
-14.54%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,990 |
| Mortgage | −$4,598 |
| Property Tax | −$791 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$833 |
| Vacancy (5%) | −$200 |
| Cash Flow | -$2,657/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$47,880 |
| Vacancy (5%) | −$2,394 |
| Property Tax | −$9,491 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$9,990 |
| Annual NOI | $23,305 |
| Cap Rate | 2.33% |
Cash Required to Close
| Down Payment (20%) | $199,800 |
| Ontario Land Transfer Tax | $16,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $219,255 |
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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