403- 128 Grovewood Common, Oakville
Oakville
$475,000
Cash flow, cap rate & mortgage breakdown
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Listed by HOMELIFE LANDMARK REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
1
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,250/mo
Estimated from market price-to-rent ratios
Remarks
Mattamy's Boutique Bower Condos In Oakville's Highly Sough-After Dundas / Trafalgar Location. One Bedroom Plus A Spacious Den. Den can be used as a second bedroom. Laminate Floor Throughout. High End Finishes Plus Stainless Steel Appliances And A Private Balcony.Beautiful Modern Kitchen with a breakfast bar, Granite Countertop. One Underground Parking And One Locker. Social Lounge, Exercise Room, And Ample Visitor Parking. Great School Neighbourhood. Minutes From Essential Shops, Transit, Highway, Parks, Trails, Sheridan College, Restaurants & Hospital, You Don't Want To Miss This Unit!
MississaugaInvestor.ca
403- 128 Grovewood Common
Condo Apartment · 2bd/1ba · ~650 sqft
$475,000
Cash-Flow Report · July 31, 2026
Cap Rate
3.04%
Monthly Cash Flow
-$984/mo
Estimated Rent
$2,250/mo
Cash-on-Cash
-11.36%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,250 |
| Mortgage | −$2,186 |
| Property Tax | −$329 |
| Insurance | −$225 |
| Condo Fee | −$381 |
| Vacancy (5%) | −$113 |
| Cash Flow | -$984/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$27,000 |
| Vacancy (5%) | −$1,350 |
| Property Tax | −$3,943 |
| Insurance | −$2,700 |
| Condo Fee | −$4,572 |
| Annual NOI | $14,435 |
| Cap Rate | 3.04% |
Cash Required to Close
| Down Payment (20%) | $95,000 |
| Ontario Land Transfer Tax | $5,975 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $103,975 |
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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