298 Reis Place, Milton
Milton
$735,000
Cash flow, cap rate & mortgage breakdown
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Listed by ROYAL LEPAGE MEADOWTOWNE REALTY
Investment Analysis
Key Facts
Type
Att/Row/Townhouse
Bedrooms
2
Bathrooms
3
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,350/mo
Estimated from market price-to-rent ratios
Remarks
A perfect fit for growing families - this turn-key Ford townhome offers no condo fees, two parking spaces with garage access, and a location just steps from parks and schools. Inside: a flexible main-floor office nook, pot lights throughout, and an eat-in kitchen with white cabinetry, quartz counters, and stainless steel appliances - plus a private balcony for morning coffee. The open-concept living/dining area offers laminate flooring and a neutral palette that's easy to make your own. Upstairs, spacious bedrooms await, headlined by a primary suite with walk-in closet and a freshly renovated ensuite (2025). A large main bath and top-floor laundry round out the family-friendly layout. Covered front porch included - book your showing before it's gone!
MississaugaInvestor.ca
298 Reis Place
Att/Row/Townhouse · 2bd/3ba · ~1,300 sqft
$735,000
Cash-Flow Report · August 1, 2026
Cap Rate
1.5%
Monthly Cash Flow
-$2,467/mo
Estimated Rent
$2,350/mo
Cash-on-Cash
-18.37%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,350 |
| Mortgage | −$3,383 |
| Property Tax | −$478 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$613 |
| Vacancy (5%) | −$118 |
| Cash Flow | -$2,467/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$28,200 |
| Vacancy (5%) | −$1,410 |
| Property Tax | −$5,733 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$7,350 |
| Annual NOI | $11,007 |
| Cap Rate | 1.5% |
Cash Required to Close
| Down Payment (20%) | $147,000 |
| Ontario Land Transfer Tax | $11,175 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $161,175 |
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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