
22- 1489 Heritage Way, Oakville
Oakville
$1,199,000
Cash flow, cap rate & mortgage breakdown
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Listed by ROYAL LEPAGE REALTY PLUS OAKVILLE
Investment Analysis
Key Facts
Type
Condo Townhouse
Bedrooms
4
Bathrooms
4
Days on Market
34
Price Drop
2%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$3,750/mo
Estimated from market price-to-rent ratios
Remarks
MOVE-IN READY! Welcome to this exceptional executive townhome in the highly sought-after Glen Abbey community, offering luxury, comfort & an incredible premium pie-shaped lot w/an impressive 85-ft-wide backyard. Your private outdoor oasis features a heated saltwater pool, oversized deck w/natural gas BBQ hookup, landscaped gardens, lush lawn, irrigation system & garden shed-perfect for entertaining or relaxing with family. Offering parking for 4 vehicles, including an attached 2-car tandem garage, this home is designed for convenience. The garage features a heater, workshop lighting, garage door opener, additional electrical panel, overhead storage & direct access to both the home and backyard.Inside, the bright open-concept layout showcases a renovated kitchen w/quartz countertops, stainless steel appliances, ceiling speakers & seamless flow into the living & dining areas. W/hardwood & luxury vinyl flooring, newer hardwood stairs, modern trim and baseboards, fresh paint, potights & a cozy gas fireplace complete the stylish interior. The upper level offers 3 spacious bedrooms, including a luxurious primary suite with a walk-in closet & spa-inspired ensuite featuring a double vanity, glass shower & soaker tub. All bathrooms have been beautifully renovated. The finished basement adds valuable living space, a large recreation room, an additional bedroom/office w/hidden sliding pocket doors, a full bathroom & a spacious laundry room w/sound-insulated walls & abundant storage. Loaded w/premium upgrades, this home includes a 2026 A/C, owned tankless water heater, smart thermostat, whole-home surge protector, hardwired Ethernet, central vacuum, upgraded gas line, security cameras, smart lighting, additional heating in the primary bedroom, soffit lighting & ultra-quiet bathroom fans with timers. With low monthly condo fees of just $143.46, this home offers the perfect combination of luxury, space, low-maintenance living in one of Oakville's most desirable neighbourhoods.
MississaugaInvestor.ca
22- 1489 Heritage Way
Condo Townhouse · 4bd/4ba · ~1,700 sqft
$1,199,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.37%
Monthly Cash Flow
-$3,154/mo
Estimated Rent
$3,750/mo
Cash-on-Cash
-14.38%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,750 |
| Mortgage | −$5,519 |
| Property Tax | −$829 |
| Insurance | −$225 |
| Condo Fee | −$143 |
| Vacancy (5%) | −$188 |
| Cash Flow | -$3,154/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$45,000 |
| Vacancy (5%) | −$2,250 |
| Property Tax | −$9,952 |
| Insurance | −$2,700 |
| Condo Fee | −$1,716 |
| Annual NOI | $28,382 |
| Cap Rate | 2.37% |
Cash Required to Close
| Down Payment (20%) | $239,800 |
| Ontario Land Transfer Tax | $20,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $263,255 |
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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