40 Torr Lane, Ajax
Ajax
$709,900
Cash flow, cap rate & mortgage breakdown
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Listed by Right At Home Realty
Investment Analysis
Key Facts
Type
Condo Townhouse
Bedrooms
3
Bathrooms
3
Days on Market
2
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,550/mo
Estimated from market price-to-rent ratios
Remarks
MOVE-IN-READY! Stunning Coughlan-built turnkey condominium that shows 10/10 and includes windows, roof and cutting the lawn. Impeccably maintained and truly move-in ready, this home delivers the size, comfort, and convenience you've been searching for without the hassles of exterior maintenance. Enjoy direct underground parking access straight into your basement (a winter game-changer) plus two secure underground spots. Walk to Durham Centre, Costco, grocery stores, restaurants, shops, churches, and transit, with quick access to Highways 401, 412 & 407, GO Train and GO Bus. Location doesn't get better than this. Offering approx. 1,500 sq ft plus a fully finished basement, the bright kitchen features quartz counters, ample cabinetry, and a functional layout. The main floor includes hardwood flooring, a cozy gas fireplace, and a walkout to a beautifully landscaped backyard perfect for relaxing or entertaining. Upstairs, you'll find three generous bedrooms, including a spacious primary suite with a walk-in closet and an updated 3-piece ensuite. The finished lower level adds versatile living space with a custom built-in entertainment area, custom bar, fireplace and rough-in for an additional bathroom ideal for hosting. Move in and enjoy!
MississaugaInvestor.ca
40 Torr Lane
Condo Townhouse · 3bd/3ba · ~1,500 sqft
$709,900
Cash-Flow Report · July 31, 2026
Cap Rate
1.68%
Monthly Cash Flow
-$2,276/mo
Estimated Rent
$2,550/mo
Cash-on-Cash
-17.55%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,550 |
| Mortgage | −$3,268 |
| Property Tax | −$645 |
| Insurance | −$225 |
| Condo Fee | −$560 |
| Vacancy (5%) | −$128 |
| Cash Flow | -$2,276/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$30,600 |
| Vacancy (5%) | −$1,530 |
| Property Tax | −$7,738 |
| Insurance | −$2,700 |
| Condo Fee | −$6,720 |
| Annual NOI | $11,912 |
| Cap Rate | 1.68% |
Cash Required to Close
| Down Payment (20%) | $141,980 |
| Ontario Land Transfer Tax | $10,673 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $155,653 |
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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