23 Woodward Drive, Whitby
Whitby
$729,900
Cash flow, cap rate & mortgage breakdown
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Listed by Royal LePage Our Neighbourhood Realty
Investment Analysis
Key Facts
Type
Att/Row/Townhouse
Bedrooms
3
Bathrooms
3
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,700/mo
Estimated from market price-to-rent ratios
Remarks
Discover 23 Woodward Drive, a lovingly cared-for home tucked into one of Whitby's most sought-after neighbourhoods. Here, pride of ownership is on full display-tree-lined streets, tidy lawns, and a friendly community feel make this an ideal place to call home. With shopping, schools, parks, walking trails, Durham Region Headquarters, and easy access to Hwy 401 and 407 all close by, convenience is truly at your doorstep. Inside, the home offers bright, spacious rooms with thoughtful layouts and plenty of storage. Each bedroom provides a comfortable, peaceful & spacious retreat. The backyard is a private haven featuring lush perennial gardens and serene outdoor space perfect for unwinding or hosting gatherings. Recent improvements, including a new roof (2025) and a newly paved driveway (2023), add to the home's long-term value and comfort. This is a wonderful opportunity to settle into a mature, established neighbourhood where everything you need is just minutes away. Some kitchen images have been virtually staged.
MississaugaInvestor.ca
23 Woodward Drive
Att/Row/Townhouse · 3bd/3ba · ~900 sqft
$729,900
Cash-Flow Report · August 3, 2026
Cap Rate
1.78%
Monthly Cash Flow
-$2,279/mo
Estimated Rent
$2,700/mo
Cash-on-Cash
-17.09%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,700 |
| Mortgage | −$3,360 |
| Property Tax | −$651 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$608 |
| Vacancy (5%) | −$135 |
| Cash Flow | -$2,279/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$32,400 |
| Vacancy (5%) | −$1,620 |
| Property Tax | −$7,810 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$7,299 |
| Annual NOI | $12,971 |
| Cap Rate | 1.78% |
Cash Required to Close
| Down Payment (20%) | $145,980 |
| Ontario Land Transfer Tax | $11,073 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $160,053 |
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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