
4- 481 Pitfield Road, Milton
Milton
$584,900
Cash flow, cap rate & mortgage breakdown
Enter your email to unlock them right here.
Free forever. No credit card. Unsubscribe anytime.
Listed by Royal LePage Meadowtowne Realty Inc., Brokerage
Investment Analysis
Key Facts
Type
Condo Townhouse
Bedrooms
3
Bathrooms
2
Days on Market
3
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,450/mo
Estimated from market price-to-rent ratios
Remarks
Spacious Opportunity for First Time Buyers and Downsizers in the Dorset Park Neighbourhood of Milton. Prime location close access to the 401, downtown Milton, restaurants, gas stations and staple shops. You really can get anywhere in Milton from here in 10 minutes or less! Garage Parking and Driveway Parking available. Visitor Sports are directly across from the unit, very convenient for guests. 481 Pitfield Unit 4 offers a spacious and open layout compared to many other condo townhouse options in the area. Hardwood flooring throughout the home. Large Living Room with Dining Room Space. Kitchen features new appliances. Stove and Dishwasher new this year, Fridge 2 years new. Upstairs has a wide hallway with a Jack and Jill style updated bathroom. The Primary Bedroom is large and bright, with 2 closets and still room for extra dressers. Good Sized Second Bedroom and the Third Bedroom could be for a little one's room or office. Partially finished basement with newer washer and dryer machines. The backyard can be fenced in with the condo board's approval. The upper level windows were replaced this year. Back sliding door replaced last year. This is a really great space for a growing family and one of the larger condo townhouse options in Milton.
MississaugaInvestor.ca
4- 481 Pitfield Road
Condo Townhouse · 3bd/2ba · ~1,300 sqft
$584,900
Cash-Flow Report · July 31, 2026
Cap Rate
2.54%
Monthly Cash Flow
-$1,456/mo
Estimated Rent
$2,450/mo
Cash-on-Cash
-13.63%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,450 |
| Mortgage | −$2,692 |
| Property Tax | −$380 |
| Insurance | −$225 |
| Condo Fee | −$486 |
| Vacancy (5%) | −$123 |
| Cash Flow | -$1,456/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$29,400 |
| Vacancy (5%) | −$1,470 |
| Property Tax | −$4,562 |
| Insurance | −$2,700 |
| Condo Fee | −$5,832 |
| Annual NOI | $14,836 |
| Cap Rate | 2.54% |
Cash Required to Close
| Down Payment (20%) | $116,980 |
| Ontario Land Transfer Tax | $8,173 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $128,153 |
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
Get the Full Cash-Flow Report
A one-page PDF: cap rate, cash flow, mortgage breakdown, NOI and total cash to close — all assumptions in one printable summary.
Also unlocks cap rate, sold comps & mortgage detail.