863 Ritson Road, Oshawa
Lakeview · Investor guide
$549,900
Estimated Value
$1,448,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by REVEL REALTY INC.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
5
Bathrooms
2
Days on Market
2
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Suite Potential (+$1,445/mo)
Rent Estimate
Based on Lakeview neighbourhood rental data · Verify suite legality with the City of Mississauga
Remarks
A legal duplex in Oshawa's established Lakeview community, offering flexibility for time buyers, multi-generational families, and investors. The bright, open concept main level features a spacious living and dining area, functional kitchen, and generously sized bedrooms. The fully finished lower-level suite includes a separate entrance, providing immediate rental income potential or a private, self-contained space for extended family. Set on an impressive 41' x 147' lot, the property offers a private backyard, ample parking, and an oversized detached two-car garage. Use it for secure storage, create the ultimate workshop, or explore the potential for an additional dwelling unit. Conveniently located minutes from Highway 401, GO Transit, schools, parks, shopping, and Oshawa's waterfront, this is a property that delivers space, income potential, and long term upside. Live in one unit and rent the other, add it to your investment portfolio, or create a home that evolves with your family.
MississaugaInvestor.ca
863 Ritson Road
Detached · 5bd/2ba · ~1,300 sqft
$549,900
Cash-Flow Report · July 31, 2026
Cap Rate
8.54%
Monthly Cash Flow
+$1,384/mo
Estimated Rent
$5,245/mo
Cash-on-Cash
13.79%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$5,245 |
| Mortgage | −$2,531 |
| Property Tax | −$385 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$458 |
| Vacancy (5%) | −$262 |
| Cash Flow | +$1,384/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$62,940 |
| Vacancy (5%) | −$3,147 |
| Property Tax | −$4,619 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$5,499 |
| Annual NOI | $46,975 |
| Cap Rate | 8.54% |
Cash Required to Close
| Down Payment (20%) | $109,980 |
| Ontario Land Transfer Tax | $7,473 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $120,453 |
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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