
35 Magill Drive, Ajax
Ajax
$1,089,000
Cash flow, cap rate & mortgage breakdown
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Listed by CENTURY 21 INNOVATIVE REALTY INC.
Investment Analysis
Key Facts
Type
Detached
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 a beautifully maintained detached family home offering an abundance of space, natural light, and exceptional versatility in the heart of Ajax. Designed with growing families in mind, this spacious home features separate living, dining, and family room, with a cozy gas fireplace creating the perfect gathering space. The large kitchen offers ample cabinetry, generous counter space, and a bright breakfast area overlooking the backyard-ideal for everyday living and entertaining. Boasting 5 bedrooms and 4 bathrooms, this home provides plenty of room for the entire family. The fully finished basement apartment offers excellent rental income potential and includes a tenant who is willing to stay, making it a fantastic opportunity for investors or homeowners looking to offset their mortgage. Location is everything, and this home truly delivers. Situated in one of Ajax's most convenient and family-friendly neighbourhoods, you're just steps to public transit, grocery stores, shopping, schools, parks, restaurants, and the Ajax Community Centre, with quick access to Highway 401 for an easy commute throughout the GTA. Whether you're searching for a spacious family home or a smart investment with built-in income potential, this home offers the perfect combination of comfort, convenience, and value. This is one home you won't want to miss!
MississaugaInvestor.ca
35 Magill Drive
Detached · 5bd/4ba · ~2,250 sqft
$1,089,000
Cash-Flow Report · August 1, 2026
Cap Rate
2.63%
Monthly Cash Flow
-$2,627/mo
Estimated Rent
$4,745/mo
Cash-on-Cash
-13.19%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$4,745 |
| Mortgage | −$5,013 |
| Property Tax | −$989 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$908 |
| Vacancy (5%) | −$237 |
| Cash Flow | -$2,627/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$56,940 |
| Vacancy (5%) | −$2,847 |
| Property Tax | −$11,870 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$10,890 |
| Annual NOI | $28,633 |
| Cap Rate | 2.63% |
Cash Required to Close
| Down Payment (20%) | $217,800 |
| Ontario Land Transfer Tax | $18,255 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $239,055 |
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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