408- 64 Wells Street, Aurora
Aurora
$1,188,000
Cash flow, cap rate & mortgage breakdown
Enter your email to unlock them right here.
Free forever. No credit card. Unsubscribe anytime.
Listed by CENTURY 21 LEADING EDGE REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
3
Days on Market
50
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,800/mo
Estimated from market price-to-rent ratios
Remarks
Welcome home to the Wells Street Schoolhouse Lofts! Fall in love with this sun-filled, two story, north west corner penthouse suite, offering two bedrooms plus den. Entertain in style in this open concept layout with approx 1,273sqft of living space, hardwood floors throughout, 9' ceilings on the main floor, designer kitchen with quartz counters, stainless steel appliances, dining area, great room with faux antique brick wall, gas fireplace and two walk-outs to an amazing 400+sqft private outdoor patio (bbq gas hook-up). Spacious primary bedroom with wall-to-wall closets (built-ins), large 4pc ensuite, faux antique brick wall & views to both the west & north! Second bedroom with own 3pc ensuite & barn door closet. Open concept den and second floor laundry. Built-in ceiling speakers on both floors & two outdoor speakers on patio. Two parking spots (one with EV charger). Property also has an on site gym, party/meeting room and visitor parking. Situated across from the Aurora Town Park, you will enjoy the many activities it has to offer such as live music, the farmer's market and the new Slabtown Armoury Restaurant! Close walk to amenities & GO station.
MississaugaInvestor.ca
408- 64 Wells Street
Condo Apartment · 2bd/3ba · ~1,300 sqft
$1,188,000
Cash-Flow Report · July 31, 2026
Cap Rate
0.46%
Monthly Cash Flow
-$5,017/mo
Estimated Rent
$2,800/mo
Cash-on-Cash
-23.08%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,800 |
| Mortgage | −$5,468 |
| Property Tax | −$752 |
| Insurance | −$225 |
| Condo Fee | −$1,232 |
| Vacancy (5%) | −$140 |
| Cash Flow | -$5,017/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$33,600 |
| Vacancy (5%) | −$1,680 |
| Property Tax | −$9,029 |
| Insurance | −$2,700 |
| Condo Fee | −$14,784 |
| Annual NOI | $5,407 |
| Cap Rate | 0.46% |
Cash Required to Close
| Down Payment (20%) | $237,600 |
| Ontario Land Transfer Tax | $20,235 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $260,835 |
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
Get the Full Cash-Flow Report
A one-page PDF: cap rate, cash flow, mortgage breakdown, NOI and total cash to close — all assumptions in one printable summary.
Also unlocks cap rate, sold comps & mortgage detail.