23 Cranberry Lane, Aurora
Aurora
$1,599,000
Cash flow, cap rate & mortgage breakdown
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Listed by REMAX YOUR COMMUNITY REALTY
Investment Analysis
Key Facts
Type
Detached
Bedrooms
5
Bathrooms
4
Days on Market
34
Price Drop
4%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$4,500/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to 23 Cranberry Lane. This lovely 5 Bedroom home located in one of Auroras highly sought after neighborhoods. This home features spacious family room with picture window overlooking beautiful perennial gardens, hardwood floors ,fireplace. Enjoy your family gatherings in the elegant dining space. The sunken living room is ideal spot to entertain or just relax .It features hardwood floors, large bright windows .The well appointed kitchen features a separate island , SS appliances, lots of counter space, walk out to the deck and backyard, The principal bedroom boasts laminate floors, bright windows ,Walk in closet , 3 piece Ensuite. Additional bedrooms all have hardwood floors and bright windows . The lower level is an excellent space for an additional family room , in law suite .This area is a wide open space , fireplace ,pot lights, 3 piece bath , built in shelving and storage, storage room also in the basement .The backyard space features an interlock patio where you can enjoy the firepit , brand new fencing with a gate walking out to the expansive trail system. The mature trees enhance your privacy , enjoy the serene garden .This home is just waiting for the perfect buyer. A.B.Cairns built, Marley tile roof. No development behind, natural park land
MississaugaInvestor.ca
23 Cranberry Lane
Detached · 5bd/4ba · ~2,750 sqft
$1,599,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.28%
Monthly Cash Flow
-$5,656/mo
Estimated Rent
$4,500/mo
Cash-on-Cash
-19.32%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$4,500 |
| Mortgage | −$7,360 |
| Property Tax | −$1,013 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$1,333 |
| Vacancy (5%) | −$225 |
| Cash Flow | -$5,656/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$54,000 |
| Vacancy (5%) | −$2,700 |
| Property Tax | −$12,152 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$15,990 |
| Annual NOI | $20,458 |
| Cap Rate | 1.28% |
Cash Required to Close
| Down Payment (20%) | $319,800 |
| Ontario Land Transfer Tax | $28,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $351,255 |
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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