56 Greengrove Way, Whitby
Whitby
$629,000
Cash flow, cap rate & mortgage breakdown
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Listed by REVEL REALTY INC.
Investment Analysis
Key Facts
Type
Semi-Detached Condo
Bedrooms
3
Bathrooms
3
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,500/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to this beautifully maintained 2-storey semi-detached condo in the highly sought-after Rolling Acres community of Whitby. Showcasing true pride of ownership, this spacious home offers 3 bedrooms and 3 bathrooms, including a generous primary suite featuring a walk-in closet and convenient semi-ensuite bathroom. Designed for comfortable family living, the home features a bright and functional layout with plenty of storage throughout. The finished basement is perfect for entertaining, complete with a wet bar and additional living space. Enjoy outdoor relaxation in the private backyard, that offers side access and a spacious custom barndoor for optimal access, while the built-in garage provides added convenience and storage. Ideally located close to schools, parks, shopping, restaurants, recreation facilities, and public transit, this home offers the perfect combination of comfort, convenience, and lifestyle. A fantastic opportunity for young families or those looking to downsize to own a move-in-ready townhome in one of Whitby's most desirable neighbourhood.
MississaugaInvestor.ca
56 Greengrove Way
Semi-Detached Condo · 3bd/3ba · ~1,300 sqft
$629,000
Cash-Flow Report · August 4, 2026
Cap Rate
2.36%
Monthly Cash Flow
-$1,659/mo
Estimated Rent
$2,500/mo
Cash-on-Cash
-14.44%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,500 |
| Mortgage | −$2,895 |
| Property Tax | −$561 |
| Insurance | −$225 |
| Condo Fee | −$353 |
| Vacancy (5%) | −$125 |
| Cash Flow | -$1,659/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$30,000 |
| Vacancy (5%) | −$1,500 |
| Property Tax | −$6,730 |
| Insurance | −$2,700 |
| Condo Fee | −$4,236 |
| Annual NOI | $14,834 |
| Cap Rate | 2.36% |
Cash Required to Close
| Down Payment (20%) | $125,800 |
| Ontario Land Transfer Tax | $9,055 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $137,855 |
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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