
PH08- 2480 Prince Michael Drive, Oakville
Oakville
$995,000
Cash flow, cap rate & mortgage breakdown
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Listed by RIGHT AT HOME REALTY
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
3
Bathrooms
2
Days on Market
51
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$3,150/mo
Estimated from market price-to-rent ratios
Remarks
Luxurious, large penthouse unit featuring 2 bedrooms plus a den and 2 washrooms, offering over 1,200 sq ft of refined living space in the upscale Joshua Creek neighbourhood. This spacious suite features 10-ft ceilings and floor-to-ceiling windows, filling the home with abundant natural light throughout. The open-concept living and dining area offers a comfortable layout w/ a gas fireplace and walk-out to a private balcony, ideal for enjoying open views and outdoor space. The kitchen features quartz countertops, a breakfast bar, ample cabinetry, and stainless steel appliances. Desirable split-bedroom layout for added privacy , with independent temperature control in each bedroom that are not tied to the building's central system. The primary bedroom includes a walk-in closet w/ built-in storage and a deluxe upgraded 5-piece ensuite w/ double sinks, a whirlpool tub, and a separate glass shower. A second bedroom and versatile den provide flexible space for a home office and additional storage. Additional features include a second upgraded full bathroom w/oversized shower and in-suite laundry with front laundry washer and dryer. 2 side-by-side underground parking spaces close to the elevators + 1 locker included. Upscale amenities include indoor pool and sauna, exercise room, party/meeting room, movie theatre room, and guest suites. Conveniently located close to parks, high-ranked schools, shopping, and dining, with very easy access to highways and transit. An ideal option for those looking for a comfortable, low-maintenance lifestyle in one of Oakville's most sought-after neighbourhoods.
MississaugaInvestor.ca
PH08- 2480 Prince Michael Drive
Condo Apartment · 3bd/2ba · ~1,300 sqft
$995,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.42%
Monthly Cash Flow
-$3,401/mo
Estimated Rent
$3,150/mo
Cash-on-Cash
-18.69%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,150 |
| Mortgage | −$4,580 |
| Property Tax | −$688 |
| Insurance | −$225 |
| Condo Fee | −$900 |
| Vacancy (5%) | −$158 |
| Cash Flow | -$3,401/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$37,800 |
| Vacancy (5%) | −$1,890 |
| Property Tax | −$8,259 |
| Insurance | −$2,700 |
| Condo Fee | −$10,800 |
| Annual NOI | $14,151 |
| Cap Rate | 1.42% |
Cash Required to Close
| Down Payment (20%) | $199,000 |
| Ontario Land Transfer Tax | $16,375 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $218,375 |
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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