
138 Reed Drive, Ajax
Ajax
$899,000
Cash flow, cap rate & mortgage breakdown
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Listed by SUTTON GROUP-HERITAGE REALTY INC.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
4
Bathrooms
4
Days on Market
2
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Finished Basement
Rent Estimate
$3,350/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to 138 Reed Dr, Ajax - your turn key dream home. Discover this beautifully updated spacious 2 storey detached home nestled in the highly desirable heart of Central Ajax offering a perfect blend of modern luxury and comfort. This home features 3+1 bedrooms, four fully remodeled bathrooms and a fully finished basement. An ideal layout for growing families. Showing exceptional pride of ownership, nearly every detail of this property has been extensively updated over the past 5 to 6 years. ---Gourmet kitchen (2020)--- with all new modern appliances. ---Interior finishes (2021)--- Freshly painted throughout with new baseboards trim and flooring, plush new carpeting on the stairs and second floor with elegant California shutters. ---Mechanical and exterior--- Brand new roof September 2025, new furnace and air conditioning unit (2020), gas fireplace, all new exterior doors (2021) and full back yard fencing. ---Backyard Oasis (2020)--- A large deck and Gazebo equipped with custom curtains, creating the perfect setting for outdoor entertaining. Absolutely everything has been done for you. Simply move in and enjoy. ---Unbeatable location--- Commuting is effortless with a short walk to the Ajax GO station and major bus routes plus quick access to highways 401 and 412. Enjoy ultimate convenience with top rated schools, parks, recreation centers, major shopping outlets and the local hospital just minutes away. Don't miss this rare opportunity to own a truly pristine , worry free home in one of Ajax's most convenient communities. *Please view Virtual Tour*
MississaugaInvestor.ca
138 Reed Drive
Detached · 4bd/4ba · ~1,750 sqft
$899,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.86%
Monthly Cash Flow
-$2,747/mo
Estimated Rent
$3,350/mo
Cash-on-Cash
-16.71%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,350 |
| Mortgage | −$4,138 |
| Property Tax | −$817 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$749 |
| Vacancy (5%) | −$168 |
| Cash Flow | -$2,747/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$40,200 |
| Vacancy (5%) | −$2,010 |
| Property Tax | −$9,799 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$8,990 |
| Annual NOI | $16,701 |
| Cap Rate | 1.86% |
Cash Required to Close
| Down Payment (20%) | $179,800 |
| Ontario Land Transfer Tax | $14,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $197,255 |
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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