
208- 191 Lake Driveway N/A, Ajax
Ajax
$479,800
Cash flow, cap rate & mortgage breakdown
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Listed by HOMELIFE/FUTURE REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
3
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,000/mo
Estimated from market price-to-rent ratios
Remarks
Welcome To A Beautifully Updated, Move-In-Ready Condo In The Sought-After East Hampton Community In Southwest Ajax. Designed For Easy Living, This Thoughtfully Renovated Home Offers The Perfect Blend Of Comfort, Style, And Everyday Convenience.The Modern Kitchen Is Ready For You To Enjoy, Featuring Updated Cabinetry, Refreshed Countertops, And Stainless-Steel Appliances. The Spacious Primary Suite Provides A Relaxing Retreat, Complete With A Generous Walk-In Closet And An Updated Ensuite Bathroom Designed With Both Comfort And Function In Mind. For Your Convenience, There Is One Underground Parking Space.Maintenance Fees Include Water, Building Insurance, Amenities, And A Storage Locker, Giving You Added Value And Peace Of Mind. Enjoy A Lifestyle With Amenities Right At Your Doorstep, Including An Indoor Swimming Pool, Sauna, Updated Gym, Tennis Courts, Barbecue Grill, And Children'S Play Area.Located In One Of Ajax'S Most Desirable Lakeside Neighborhoods, This Home Places You Just Steps From The Lake Ontario Waterfront Trail And The Scenic Duffins Creek Nature Reserve, Where You Can Enjoy Peaceful Walks, Bike Rides, And Time Outdoors. Parks, Schools, Shopping, Restaurants, And Everyday Essentials Are All Close By, Making Daily Life Simple And Convenient.For Commuters, Highway 401 And The GO Station Are Only Minutes Away, Helping You Stay Connected With Ease.Whether You Are A First-Time Buyer, Downsizer, Or Investor, This Turnkey Condo Offers Comfort, Convenience, And A Welcoming Place To Call Home In One Of Ajax'S Premier Communities.
MississaugaInvestor.ca
208- 191 Lake Driveway N/A
Condo Apartment · 2bd/2ba · ~950 sqft
$479,800
Cash-Flow Report · July 31, 2026
Cap Rate
1.53%
Monthly Cash Flow
-$1,596/mo
Estimated Rent
$2,000/mo
Cash-on-Cash
-18.23%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,000 |
| Mortgage | −$2,208 |
| Property Tax | −$436 |
| Insurance | −$225 |
| Condo Fee | −$627 |
| Vacancy (5%) | −$100 |
| Cash Flow | -$1,596/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$24,000 |
| Vacancy (5%) | −$1,200 |
| Property Tax | −$5,230 |
| Insurance | −$2,700 |
| Condo Fee | −$7,524 |
| Annual NOI | $7,346 |
| Cap Rate | 1.53% |
Cash Required to Close
| Down Payment (20%) | $95,960 |
| Ontario Land Transfer Tax | $6,071 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $105,031 |
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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