489 Dean Avenue, Oshawa
Oshawa
$499,900
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX WEST REALTY INC.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
3
Bathrooms
1
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Finished Basement
Rent Estimate
$2,250/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to 489 Dean Ave! This well-maintained 2+1 bedroom bungalow sits on a private corner lot in a family-friendly Oshawa neighborhood, offering a bright and functional layout with two bedrooms on the main floor and a finished basement featuring an additional bedroom for added living space. A standout feature is the large detached garage, perfect for a workshop, hobbyist, extra storage, or parking. The private yard provides plenty of space to relax or entertain, while the roof was replaced in 2025 for added peace of mind. Conveniently located close to schools, parks, shopping, public transit, and with easy access to Highway 401, this home is an excellent opportunity for first-time buyers, downsizers, or investors. *Some photos virtually staged.
MississaugaInvestor.ca
489 Dean Avenue
Detached · 3bd/1ba · ~700 sqft
$499,900
Cash-Flow Report · July 31, 2026
Cap Rate
2.28%
Monthly Cash Flow
-$1,352/mo
Estimated Rent
$2,250/mo
Cash-on-Cash
-14.82%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,250 |
| Mortgage | −$2,301 |
| Property Tax | −$546 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$417 |
| Vacancy (5%) | −$113 |
| Cash Flow | -$1,352/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$27,000 |
| Vacancy (5%) | −$1,350 |
| Property Tax | −$6,549 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$4,999 |
| Annual NOI | $11,402 |
| Cap Rate | 2.28% |
Cash Required to Close
| Down Payment (20%) | $99,980 |
| Ontario Land Transfer Tax | $6,473 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $109,453 |
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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