44 Rutledge Avenue, Newmarket
Newmarket
$1,038,000
Cash flow, cap rate & mortgage breakdown
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Listed by HOMELIFE FRONTIER REALTY INC.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
5
Bathrooms
3
Days on Market
3
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Suite Potential (+$1,445/mo)
Rent Estimate
Estimated from market price-to-rent ratios · Verify suite legality with the City of Mississauga
Remarks
Spacious, updated and bright 3-bedroom detached 4-level backsplit on a quiet street in a desirable, mature neighbourhood with a retrofitted basement apartment. Features a double garage and extra-long driveway with no sidewalk. Separate side entrance to the lower level offers excellent rental or in-law potential. Custom kitchen with granite counters, ceramic backsplash, breakfast bar, pot lights, and California shutters, 2024 HVAC, updated plumbing. Hardwood floors, crown mouldings, French doors, and a bay window in the living room. Walk-out to deck from dining room and primary bedroom. Lower level includes a cozy wood-burning fireplace. Main bath features a jacuzzi tub. Upgraded 200-amp panel. Enjoy a large, private patio. Conveniently located steps to parks, schools, shops, and hospital, with easy access to Hwy 404.
MississaugaInvestor.ca
44 Rutledge Avenue
Detached · 5bd/3ba · ~1,300 sqft
$1,038,000
Cash-Flow Report · July 31, 2026
Cap Rate
3.02%
Monthly Cash Flow
-$2,164/mo
Estimated Rent
$4,645/mo
Cash-on-Cash
-11.4%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$4,645 |
| Mortgage | −$4,778 |
| Property Tax | −$709 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$865 |
| Vacancy (5%) | −$232 |
| Cash Flow | -$2,164/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$55,740 |
| Vacancy (5%) | −$2,787 |
| Property Tax | −$8,512 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$10,380 |
| Annual NOI | $31,361 |
| Cap Rate | 3.02% |
Cash Required to Close
| Down Payment (20%) | $207,600 |
| Ontario Land Transfer Tax | $17,235 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $227,835 |
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
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