
22 Canary Street, Whitby
Whitby
$999,000
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX IMPACT REALTY
Investment Analysis
Key Facts
Type
Detached
Bedrooms
5
Bathrooms
4
Days on Market
7
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
Welcome to this stunning, meticulously maintained all brick detached 2 storey family home in the highly sought after Taunton North community of Whitby, offering approximately 2,932 sq. ft. of beautifully finished living space, including a professionally finished basement with a separate entrance from the garage. Designed for modern family living, this exceptional home features 4+1 spacious bedrooms and 4 beautifully renovated washrooms, making it ideal for growing and multi generational families. Pride of ownership is evident throughout with $$$$$$ invested in premium upgrades and improvements over the years. Recent 2026 updates include engineered hardwood flooring throughout the second floor, beautifully renovated washrooms, upgraded modern light fixtures and LED lighting, and fresh paint touch ups. Major 2024 and 2025 improvements include a professionally finished basement offering exceptional flexibility for extended family or in law living, elegant interlocking, professionally landscaped front and backyard, pot lights throughout the main floor, basement and exterior, new dishwasher (2024), new clothes washing machine (2025), spacious deck, gazebo, natural gas BBQ connection, and thoughtfully designed low maintenance outdoor living spaces. Every improvement has been carefully selected to enhance both style and functionality, creating a truly move in ready home. Ideally located in one of Whitby's most desirable family communities, this home offers quick access to Highways 407, 412 and 401, is within walking distance to public transit, and is close to top ranking schools, Lyndebrook Golf Course, Heber Down Conservation Area, parks, major shopping, restaurants, and all everyday amenities. A rare opportunity to own an exceptional family home that perfectly blends timeless design, modern upgrades, exceptional functionality, everyday comfort, and an unbeatable location. Simply move in and enjoy!
MississaugaInvestor.ca
22 Canary Street
Detached · 5bd/4ba · ~2,250 sqft
$999,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.9%
Monthly Cash Flow
-$2,182/mo
Estimated Rent
$4,595/mo
Cash-on-Cash
-11.94%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$4,595 |
| Mortgage | −$4,598 |
| Property Tax | −$891 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$833 |
| Vacancy (5%) | −$230 |
| Cash Flow | -$2,182/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$55,140 |
| Vacancy (5%) | −$2,757 |
| Property Tax | −$10,689 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$9,990 |
| Annual NOI | $29,004 |
| Cap Rate | 2.9% |
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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