
1428 Outlet Drive, Oshawa
Lakeview · Investor guide
$625,000
Estimated Value
$1,448,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by HOMELIFE/CHAMPIONS REALTY INC.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
5
Bathrooms
2
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Suite Potential (+$1,445/mo)
Rent Estimate
Based on Lakeview neighbourhood rental data · Verify suite legality with the City of Mississauga
Remarks
Fully Renovated Detached Home Just a 5 Minute Walk to Oshawa Beach! Beautifully renovated detached home. Professionally updated on both levels, this property offers exceptional versatility for homeowners, investors, or multi generational families. A separate split entrance leads to the fully finished look out basement. Potential 3 bedrooms basement Apt can generate approximately $2000/month. * Basement is high ceilings, oversized windows, abundant natural light, and excellent cross ventilation. The main floor showcases two generously sized bedrooms, a bright and inviting living and dining area, a modern kitchen, an updated washroom, and a walkout to a large deck overlooking a private, fully fenced backyard. A separate rear entrance provides additional access to the main floor. Recent upgrades include new vanities,water proof laminate thruout, cooking range, 2 kitchen range hoods and dishwasher. Conveniently located close to Highway 401, highly rated public and Catholic schools, Costco, Walmart, Fresh-Co, Shoppers Drug Mart, parks, restaurants, public transit, and all essential amenities. Additional features include parking for 4 vehicles with a 1-car garage and 3 car driveway.
MississaugaInvestor.ca
1428 Outlet Drive
Detached · 5bd/2ba · ~900 sqft
$625,000
Cash-Flow Report · August 1, 2026
Cap Rate
7.29%
Monthly Cash Flow
+$922/mo
Estimated Rent
$5,245/mo
Cash-on-Cash
8.08%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$5,245 |
| Mortgage | −$2,877 |
| Property Tax | −$438 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$521 |
| Vacancy (5%) | −$262 |
| Cash Flow | +$922/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$62,940 |
| Vacancy (5%) | −$3,147 |
| Property Tax | −$5,250 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$6,250 |
| Annual NOI | $45,593 |
| Cap Rate | 7.29% |
Cash Required to Close
| Down Payment (20%) | $125,000 |
| Ontario Land Transfer Tax | $8,975 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $136,975 |
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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