
402- 253 Church Street, Oakville
Oakville
$3,098,000
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX Aboutowne Realty Corp., Brokerage
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
3
Days on Market
50
Price Drop
6%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$5,000/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to The Coventry Penthouse-one of downtown Oakville's most distinguished luxury residences. This architecturally significant suite, designed by acclaimed architect Bill Hicks, offers an unparalleled lifestyle just steps from the lake, waterfront parks, shopping, and dining. Occupying a premier position within this exclusive boutique building, with only two residences sharing the elevator, the penthouse delivers exceptional privacy and sophistication. Expansive living spaces are highlighted by soaring ceilings, a dramatic skylight, custom Downsview kitchen, walk-in pantry, formal dining room, integrated Sonos sound system, and elegant indoor-outdoor living. Two sets of French doors open to a covered terrace featuring a striking two-sided fireplace, while a spectacular private rooftop terrace creates the perfect setting for entertaining and relaxation. The luxurious primary retreat includes terrace access, a spacious walk-in closet, and spa-inspired five-piece ensuite. Complete with a second bedroom, den, 2.5 bathrooms, two premium parking spaces, and a locker, this exceptional residence offers the comfort of a custom home with the ease and convenience of luxury condominium living. A rare opportunity to own a truly unique penthouse in the heart of downtown Oakville. *Some photos may be virtually staged
MississaugaInvestor.ca
402- 253 Church Street
Condo Apartment · 2bd/3ba · ~2,125 sqft
$3,098,000
Cash-Flow Report · July 31, 2026
Cap Rate
-0.06%
Monthly Cash Flow
-$14,422/mo
Estimated Rent
$5,000/mo
Cash-on-Cash
-25.21%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$5,000 |
| Mortgage | −$14,260 |
| Property Tax | −$2,143 |
| Insurance | −$225 |
| Condo Fee | −$2,544 |
| Vacancy (5%) | −$250 |
| Cash Flow | -$14,422/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$60,000 |
| Vacancy (5%) | −$3,000 |
| Property Tax | −$25,713 |
| Insurance | −$2,700 |
| Condo Fee | −$30,528 |
| Annual NOI | $-1,941 |
| Cap Rate | -0.06% |
Cash Required to Close
| Down Payment (20%) | $619,600 |
| Ontario Land Transfer Tax | $63,925 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $686,525 |
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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