24 Cullcastle Street, Ajax
Ajax
$649,000
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX REALTRON REALTY INC.
Investment Analysis
Key Facts
Type
Att/Row/Townhouse
Bedrooms
5
Bathrooms
4
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Suite Potential (+$1,445/mo)
Rent Estimate
Estimated from market price-to-rent ratios · Verify suite legality with the City of Mississauga
Remarks
Welcome to 24 Cullcastle St, Ajax-a well-maintained freehold end-unit townhouse ideally locatedin the heart of downtown Ajax. Enjoy the convenience of being just minutes from shopping,restaurants, schools, public transit, and quick access to Highway 401.The main level features a bright open-concept living, dining, and kitchen area with hardwoodand laminate flooring, elegant crown moulding, and a walk-out to a private balcony. Thespacious primary bedroom offers a 4-piece ensuite and his-and-hers closets, while thesecond-floor den provides the flexibility to be used as a home office or an additional bedroom.The finished basement apartment has a separate entrance through the garage and includes its ownkitchen, living area, bedroom, and 3-piece bathroom, making it ideal for extended family orrental income. A portion of the garage has been converted into living space and can easily berestored to its original use if desired.Located in South West Ajax, Durham Region (L1S 0A8), this property is an excellent opportunityfor investors and end-users seeking a versatile home in a highly desirable, central location.
MississaugaInvestor.ca
24 Cullcastle Street
Att/Row/Townhouse · 5bd/4ba · ~1,750 sqft
$649,000
Cash-Flow Report · July 31, 2026
Cap Rate
4.51%
Monthly Cash Flow
-$548/mo
Estimated Rent
$3,995/mo
Cash-on-Cash
-4.62%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,995 |
| Mortgage | −$2,987 |
| Property Tax | −$590 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$541 |
| Vacancy (5%) | −$200 |
| Cash Flow | -$548/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$47,940 |
| Vacancy (5%) | −$2,397 |
| Property Tax | −$7,074 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$6,490 |
| Annual NOI | $29,279 |
| Cap Rate | 4.51% |
Cash Required to Close
| Down Payment (20%) | $129,800 |
| Ontario Land Transfer Tax | $9,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $142,255 |
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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