146- 311 Milestone Crescent, Aurora
Aurora
$579,000
Cash flow, cap rate & mortgage breakdown
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Listed by POWER 7 REALTY
Investment Analysis
Key Facts
Type
Condo Townhouse
Bedrooms
4
Bathrooms
2
Days on Market
74
Price Drop
11%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,900/mo
Estimated from market price-to-rent ratios
Remarks
Welcome To 311 Milestone Crescent, Located In The Heart Of Aurora! one of the best location units in the complex. A Fantastic Opportunity For First-Time Home Buyers, Families, And Investors Alike. Conveniently Situated Just Steps From Yonge Street, Public Transit, And The GO Station, This Home Is Set In A Highly Desirable Family-Friendly Community Close To Schools, Parks, Shopping, Restaurants, And All Essential Amenities.Ideally Positioned Across From Aurora Heights Public School And Within Walking Distance To Wellington Public School And St. Joseph CES. This Property Offers Exceptional Convenience For Families. The Home Features A Private Terrace With Turf, Freshly Painted Interiors, New Laminate Flooring, Stylish Feature Walls, Updated Bathrooms And Kitchen, New Electrical Fixtures, And Professional Cleaning Throughout.Recent upgrades Include A New Heat Pump/ A/C System, A New Hot Water Tank (Owned), Upgraded Kitchen Countertops And Backsplash, A New Carport Door Installed In May 2024, New Windows .Residents Also Benefit From Access To A Well-Maintained renovated Outdoor Pool And Plenty Of Visitor Parking Within The Complex.
MississaugaInvestor.ca
146- 311 Milestone Crescent
Condo Townhouse · 4bd/2ba · ~1,300 sqft
$579,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.89%
Monthly Cash Flow
-$1,271/mo
Estimated Rent
$2,900/mo
Cash-on-Cash
-12.02%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,900 |
| Mortgage | −$2,665 |
| Property Tax | −$367 |
| Insurance | −$225 |
| Condo Fee | −$769 |
| Vacancy (5%) | −$145 |
| Cash Flow | -$1,271/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$34,800 |
| Vacancy (5%) | −$1,740 |
| Property Tax | −$4,400 |
| Insurance | −$2,700 |
| Condo Fee | −$9,228 |
| Annual NOI | $16,732 |
| Cap Rate | 2.89% |
Cash Required to Close
| Down Payment (20%) | $115,800 |
| Ontario Land Transfer Tax | $8,055 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $126,855 |
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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