24- 61 Sarah Lane, Oakville
Oakville
$699,000
Cash flow, cap rate & mortgage breakdown
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Listed by Sutton Group Quantum Realty Inc., Brokerage
Investment Analysis
Key Facts
Type
Condo Townhouse
Bedrooms
3
Bathrooms
2
Days on Market
28
Price Drop
4%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,850/mo
Estimated from market price-to-rent ratios
Remarks
Fabulous updated townhome over 1300sq ft of living area, located steps to the lake and Bronte shops and restaurants. Walk to everything, leave your car at home! This property has a nicely updated kitchen, hardwood floors (no carpet anywhere!) and both bathrooms have been renovated. Located in a quiet part of the complex backing onto a large green space, there is a huge private deck off the living area perfect for BBQ'ing and features a handy gate to the back yard area. The home is flooded with light from the west facing patio doors. The principal bedroom is large and has a split heating/ A/C for those hot summer nights and there is also a unit on the main floor to keep the rest of the house cool. The electrical panel was updated in 2025 and the owner has paid in full the current assessment for the garage upgrade. Extra parking is available to rent through the property manager. This is truly a turnkey property in a wonderful neighbourhood with all the amenities outside your door.
MississaugaInvestor.ca
24- 61 Sarah Lane
Condo Townhouse · 3bd/2ba · ~1,100 sqft
$699,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.14%
Monthly Cash Flow
-$1,970/mo
Estimated Rent
$2,850/mo
Cash-on-Cash
-15.43%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,850 |
| Mortgage | −$3,217 |
| Property Tax | −$484 |
| Insurance | −$225 |
| Condo Fee | −$751 |
| Vacancy (5%) | −$143 |
| Cash Flow | -$1,970/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$34,200 |
| Vacancy (5%) | −$1,710 |
| Property Tax | −$5,802 |
| Insurance | −$2,700 |
| Condo Fee | −$9,012 |
| Annual NOI | $14,976 |
| Cap Rate | 2.14% |
Cash Required to Close
| Down Payment (20%) | $139,800 |
| Ontario Land Transfer Tax | $10,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $153,255 |
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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