106 Smales Drive, Ajax
Ajax
$968,000
Cash flow, cap rate & mortgage breakdown
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Listed by EXP REALTY
Investment Analysis
Key Facts
Type
Detached
Bedrooms
4
Bathrooms
4
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$3,400/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to 106 Smales Dr. A beautifully renovated detached home featuring 3+1 bedrooms, 4 bathrooms, and a 1.5-car garage, perfect for both end-users and investors. Situated in a premium end unit backing onto a ravine, this property offers exceptional privacy and breathtaking views. The separate-entry walkout basement comes with its own washer, dryer, refrigerator, and stove, making it an ideal self-contained rental unit. Highlights include a stunning double-sided gas fireplace, direct entry from the garage, and EV charging wiring already installed. Conveniently located near Highway 401, schools, shopping centers, parks, and major big-box stores like Costco, Longo's and Home Depot, all daily amenities are right at your doorstep. This move-in-ready home perfectly blends comfort, privacy, convenience, and strong investment potential. Recent upgrades include attic insulation (2024), a new furnace (2025), and interlocking (2026).
MississaugaInvestor.ca
106 Smales Drive
Detached · 4bd/4ba · ~1,750 sqft
$968,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.64%
Monthly Cash Flow
-$3,137/mo
Estimated Rent
$3,400/mo
Cash-on-Cash
-17.72%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,400 |
| Mortgage | −$4,456 |
| Property Tax | −$879 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$807 |
| Vacancy (5%) | −$170 |
| Cash Flow | -$3,137/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$40,800 |
| Vacancy (5%) | −$2,040 |
| Property Tax | −$10,551 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$9,680 |
| Annual NOI | $15,829 |
| Cap Rate | 1.64% |
Cash Required to Close
| Down Payment (20%) | $193,600 |
| Ontario Land Transfer Tax | $15,835 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $212,435 |
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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