1038 Grandlea Court, Oshawa
Oshawa
$819,900
Cash flow, cap rate & mortgage breakdown
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Listed by REMAX YOUR COMMUNITY REALTY
Investment Analysis
Key Facts
Type
Detached
Bedrooms
4
Bathrooms
3
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Finished Basement
Rent Estimate
$2,900/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to well maintained, completely updated 4 level backsplit on a quiet family friendly court in desirable Pinecrest community in Oshawa. This beautiful home offers large eat-in kitchen area, family room on ground level, 3 bedrooms on upper levels and one bedroom on lower ground level with ensuite bathroom. From spacious family room, then is walk out to beautiful stone patio for summer barbecues. Finished basement recreation room. Fully fenced backyard and landscaped front entrance. Close to parks, trails, conservations, schools, shopping and transit.
MississaugaInvestor.ca
1038 Grandlea Court
Detached · 4bd/3ba · ~1,750 sqft
$819,900
Cash-Flow Report · July 31, 2026
Cap Rate
1.39%
Monthly Cash Flow
-$2,822/mo
Estimated Rent
$2,900/mo
Cash-on-Cash
-18.83%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,900 |
| Mortgage | −$3,774 |
| Property Tax | −$895 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$683 |
| Vacancy (5%) | −$145 |
| Cash Flow | -$2,822/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$34,800 |
| Vacancy (5%) | −$1,740 |
| Property Tax | −$10,741 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$8,199 |
| Annual NOI | $11,420 |
| Cap Rate | 1.39% |
Cash Required to Close
| Down Payment (20%) | $163,980 |
| Ontario Land Transfer Tax | $12,873 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $179,853 |
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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