
11- 341 Wilson Drive, Milton
Milton
$489,900
Cash flow, cap rate & mortgage breakdown
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Listed by KELLER WILLIAMS REALTY CENTRES
Investment Analysis
Key Facts
Type
Condo Townhouse
Bedrooms
3
Bathrooms
1
Days on Market
36
Price Drop
2%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,350/mo
Estimated from market price-to-rent ratios
Remarks
Unleash your design creativity and build instant value with this rare find! This original owner, spacious 3-bedroom condo townhouse is the ultimate blank canvas awaiting your renovations to craft a custom home tailored exactly to your taste. This home features an eat in kitchen, spacious living/dining area with a walkout to a private, fenced-in yard, ideal for summer BBQs, 3 well proportioned bedrooms and a basement with a large recreation room. Located in a family-friendly complex, and boasts low-maintenance living with access to a fantastic seasonal outdoor pool and playground. Just minutes away from local amenities along Maple Avenue and Steeles Avenue, including restaurants, banks, grocery stores, and plazas. A short 5-minute drive takes you right into historic Downtown Milton for boutique shopping, street festivals, and local cafes. Great location for commuters! Close to Milton GO Station, and quick and easy access to Highway 401 and major thoroughfares like Steeles Avenue and Derry Road.
MississaugaInvestor.ca
11- 341 Wilson Drive
Condo Townhouse · 3bd/1ba · ~1,100 sqft
$489,900
Cash-Flow Report · July 31, 2026
Cap Rate
3.08%
Monthly Cash Flow
-$996/mo
Estimated Rent
$2,350/mo
Cash-on-Cash
-11.14%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,350 |
| Mortgage | −$2,255 |
| Property Tax | −$318 |
| Insurance | −$225 |
| Condo Fee | −$430 |
| Vacancy (5%) | −$118 |
| Cash Flow | -$996/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$28,200 |
| Vacancy (5%) | −$1,410 |
| Property Tax | −$3,821 |
| Insurance | −$2,700 |
| Condo Fee | −$5,160 |
| Annual NOI | $15,109 |
| Cap Rate | 3.08% |
Cash Required to Close
| Down Payment (20%) | $97,980 |
| Ontario Land Transfer Tax | $6,273 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $107,253 |
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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