
206- 2 Westney Road, Ajax
Ajax
$399,898
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX HALLMARK FIRST GROUP REALTY LTD.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
1
Bathrooms
1
Days on Market
2
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$1,600/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to Top of Westney Condominiums, where comfort, convenience, and exceptional value come together in the heart of Ajax's highly desirable Central West community. Perfect for first-time buyers, downsizers, or investors, this spacious 1-bedroom, 1-bathroom condo offers an inviting open-concept layout with 680 sq. ft. of bright, functional living space. The generous living and dining areas are filled with natural light and feature laminate flooring with a walk-out to a private west-facing balcony. The spacious bedroom features a large closet and oversized window. Enjoy the convenience of in-suite laundry, an exclusive parking space, and a private storage locker. Maintenance fees include heat, hydro, water, central air conditioning, parking, building insurance, and common elements, offering outstanding value and worry-free living. Residents also enjoy excellent building amenities including an outdoor pool, fitness centre, sauna, visitor parking, and a secure entry system. Ideally located just minutes to Ajax GO Station, Highway 401 and 407, transit, parks, schools, community centres, shopping, restaurants, Sobeys, Shoppers Drug Mart, banks, and every everyday convenience. An incredible opportunity to own a beautifully maintained condo in one of Ajax's most convenient locations.
MississaugaInvestor.ca
206- 2 Westney Road
Condo Apartment · 1bd/1ba · ~650 sqft
$399,898
Cash-Flow Report · July 31, 2026
Cap Rate
1.25%
Monthly Cash Flow
-$1,424/mo
Estimated Rent
$1,600/mo
Cash-on-Cash
-19.54%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,600 |
| Mortgage | −$1,841 |
| Property Tax | −$363 |
| Insurance | −$225 |
| Condo Fee | −$515 |
| Vacancy (5%) | −$80 |
| Cash Flow | -$1,424/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$19,200 |
| Vacancy (5%) | −$960 |
| Property Tax | −$4,359 |
| Insurance | −$2,700 |
| Condo Fee | −$6,180 |
| Annual NOI | $5,001 |
| Cap Rate | 1.25% |
Cash Required to Close
| Down Payment (20%) | $79,979.6 |
| Ontario Land Transfer Tax | $4,473 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $87,452.6 |
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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