
7 Torr Lane, Ajax
Ajax
$719,900
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX REALTRON REALTY INC.
Investment Analysis
Key Facts
Type
Condo Townhouse
Bedrooms
4
Bathrooms
4
Days on Market
3
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,900/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to this beautiful Coughlan built condominium townhouse. The home has 2214 sqft of usable space and is in one of Ajax's most sought-after communities! Offering the perfect blend of space, comfort, and convenience, this bright open-concept home is ideal for families, professionals, first-time buyers, and downsizers alike. Location is everything! Situated in a highly desirable neighbourhood just minutes from **Highway 401**, this home is surrounded by every convenience imaginable. Walk or drive to **Costco, Walmart, Home Depot, Canadian Tire, grocery stores, restaurants, cafés, banks, fitness centres, and an incredible selection of brand-name retailers**, making daily errands quick and convenient. The spacious open concept main floor with walk-out to Patio, is perfect for everyday living and entertaining, while the exceptionally large primary bedroom-rarely found in condominium townhomes-provides a relaxing retreat. The finished basement (2024) offers outstanding flexibility with a **4th bedroom and spacious recreation room with direct access from the underground garage**, this basement provides excellent privacy and offers exciting potential for a rental suite for extra income to support your mortgage. Enjoy the convenience of **2 underground parking spaces located right beside the unit**, making daily living effortless in every season. Experience truly maintenance-free living! The maintenance fee covers **windows (2021), doors, roof, lawn maintenance, snow and garbage removal, common elements.**, giving you peace of mind and eliminating the worry of costly exterior repairs or winter maintenance. Combining an unbeatable location, spacious layout, versatile lower level with rental potential, and carefree lifestyle, this move-in-ready home is a rare opportunity which does not come about often.
MississaugaInvestor.ca
7 Torr Lane
Condo Townhouse · 4bd/4ba · ~1,900 sqft
$719,900
Cash-Flow Report · July 31, 2026
Cap Rate
1.98%
Monthly Cash Flow
-$2,127/mo
Estimated Rent
$2,900/mo
Cash-on-Cash
-16.17%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,900 |
| Mortgage | −$3,314 |
| Property Tax | −$654 |
| Insurance | −$225 |
| Condo Fee | −$689 |
| Vacancy (5%) | −$145 |
| Cash Flow | -$2,127/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$34,800 |
| Vacancy (5%) | −$1,740 |
| Property Tax | −$7,847 |
| Insurance | −$2,700 |
| Condo Fee | −$8,268 |
| Annual NOI | $14,245 |
| Cap Rate | 1.98% |
Cash Required to Close
| Down Payment (20%) | $143,980 |
| Ontario Land Transfer Tax | $10,873 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $157,853 |
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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