2401- 297 Oak Walk Drive, Oakville
Oakville
$429,888
Cash flow, cap rate & mortgage breakdown
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Listed by CENTURY 21 PEOPLE`S CHOICE REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
1
Bathrooms
1
Days on Market
22
Price Drop
4%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$1,800/mo
Estimated from market price-to-rent ratios
Remarks
An exquisite lower penthouse in Oakville's sought-after Uptown Core. This 1-bedroom, 1-bathroom suite offers breathtaking, unobstructed southeast views of Lake Ontario and the city from its expansive balcony. The open-concept layout features a modern kitchen with quartz countertops, subway tile backsplash, and stainless steel appliances, complemented by sleek, carpet-free flooring. Situated in the vibrant Uptown Core, this location is ideal for first-time buyers seeking a dynamic lifestyle. You'll find various shopping options nearby, such as Walmart, Longos, LCBO, and Oakville Place Mall. A diverse selection of restaurants caters to every palate, and the area boasts excellent walkability and bikeability. Commuters will appreciate the proximity to the Trafalgar GO Station and easy access to Highways 403 and 407. Additionally, the Oakville Trafalgar Memorial Hospital and Sheridan College are just a short distance away. Experience the perfect blend of luxury, convenience, and community in this stunning condo, a true gem in the heart of Oakville.
MississaugaInvestor.ca
2401- 297 Oak Walk Drive
Condo Apartment · 1bd/1ba · ~550 sqft
$429,888
Cash-Flow Report · July 31, 2026
Cap Rate
1.8%
Monthly Cash Flow
-$1,333/mo
Estimated Rent
$1,800/mo
Cash-on-Cash
-17.01%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,800 |
| Mortgage | −$1,979 |
| Property Tax | −$297 |
| Insurance | −$225 |
| Condo Fee | −$542 |
| Vacancy (5%) | −$90 |
| Cash Flow | -$1,333/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$21,600 |
| Vacancy (5%) | −$1,080 |
| Property Tax | −$3,568 |
| Insurance | −$2,700 |
| Condo Fee | −$6,504 |
| Annual NOI | $7,748 |
| Cap Rate | 1.8% |
Cash Required to Close
| Down Payment (20%) | $85,977.6 |
| Ontario Land Transfer Tax | $5,073 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $94,050.6 |
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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