401- 2263 Marine Drive, Oakville
Oakville
$529,900
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX ESCARPMENT 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
$2,300/mo
Estimated from market price-to-rent ratios
Remarks
Experience the perfect blend of comfort, style, & convenience in this beautifully maintained 2 bedroom, 1 bathroom corner unit condo. The bright, open-concept living & dining area is ideal for both everyday living & entertaining while enhanced by California shutters & crown moulding that continue throughout the living room & bedrooms. Luxury vinyl flooring flows seamlessly throughout the home complementing the timeless white kitchen featuring granite countertops & a classic subway tile backsplash. Neutral finishes throughout create a warm, inviting space that's ready for you to make your own. Enjoy the added convenience of in-suite laundry, & relax on a large private balcony. Resort-style amenities elevate everyday living, including a fitness center, party room, workshop, library, billiards room, sauna, and outdoor pool. Ideally situated just steps from the shores of Lake Ontario, Bronte Marina, scenic waterfront trails, shops, and restaurants, with quick access to the GO Station and major highways, this exceptional home offers the perfect balance of a relaxed lakeside lifestyle & effortless commuting.
MississaugaInvestor.ca
401- 2263 Marine Drive
Condo Apartment · 2bd/1ba · ~850 sqft
$529,900
Cash-Flow Report · July 31, 2026
Cap Rate
1.43%
Monthly Cash Flow
-$1,806/mo
Estimated Rent
$2,300/mo
Cash-on-Cash
-18.67%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,300 |
| Mortgage | −$2,439 |
| Property Tax | −$367 |
| Insurance | −$225 |
| Condo Fee | −$960 |
| Vacancy (5%) | −$115 |
| Cash Flow | -$1,806/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$27,600 |
| Vacancy (5%) | −$1,380 |
| Property Tax | −$4,398 |
| Insurance | −$2,700 |
| Condo Fee | −$11,520 |
| Annual NOI | $7,602 |
| Cap Rate | 1.43% |
Cash Required to Close
| Down Payment (20%) | $105,980 |
| Ontario Land Transfer Tax | $7,073 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $116,053 |
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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