
1608- 44 Falby Court, Ajax
Ajax
$549,900
Cash flow, cap rate & mortgage breakdown
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Listed by SUTTON GROUP-HERITAGE REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
3
Bathrooms
2
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,400/mo
Estimated from market price-to-rent ratios
Remarks
**Elevated Living. Exceptional Value. Effortless Convenience.**Welcome to this 3 bedroom, 2 full bathroom condo, perfectly situated in one of Ajax's most desirable communities. Perched on the 16th floor, this bright and spacious suite offers breathtaking views, a carefree lifestyle that's ideal for first-time buyers, young professionals, downsizers, or empty nesters.Enjoy the peace of mind that comes with truly all-inclusive living. Your maintenance fees cover **heat, hydro, water, cable, internet**, and an outstanding selection of resort-style amenities, making monthly budgeting simple and stress-free. Floor-to-ceiling natural light fills the living and dining area, leading to a private balcony where you can enjoy your morning coffee or relax with panoramic views of Toronto. The convenience of a dedicated ensuite laundry room with a full-size washer and dryer. Storage is abundant, with a spacious closet and an additional storage room with shelving off the second bedroom. Residents enjoy an exceptional collection of amenities, including an outdoor swimming pool, tennis courts, fitness centre, sauna, games room, library, workshop, and even an underground car wash, all included in the maintenance fees.Ideally located just minutes from shopping, restaurants, parks, schools, public transit, and commuter routes, this well-maintained condo offers the perfect combination of style, comfort, and convenience. Whether you're looking to simplify your lifestyle, enjoy lock-and-leave living, or invest in a move-in ready home, this exceptional property delivers incredible value in a sought after Ajax location. This condo is ready for your personal taste for improvements.
MississaugaInvestor.ca
1608- 44 Falby Court
Condo Apartment · 3bd/2ba · ~1,300 sqft
$549,900
Cash-Flow Report · August 3, 2026
Cap Rate
1.17%
Monthly Cash Flow
-$1,994/mo
Estimated Rent
$2,400/mo
Cash-on-Cash
-19.87%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,400 |
| Mortgage | −$2,531 |
| Property Tax | −$500 |
| Insurance | −$225 |
| Condo Fee | −$1,018 |
| Vacancy (5%) | −$120 |
| Cash Flow | -$1,994/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$28,800 |
| Vacancy (5%) | −$1,440 |
| Property Tax | −$5,994 |
| Insurance | −$2,700 |
| Condo Fee | −$12,216 |
| Annual NOI | $6,450 |
| Cap Rate | 1.17% |
Cash Required to Close
| Down Payment (20%) | $109,980 |
| Ontario Land Transfer Tax | $7,473 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $120,453 |
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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