
89 Wendell Avenue, Toronto W04
Toronto W04
$999,000
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX WEST REALTY INC.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
3
Bathrooms
2
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Suite Potential (+$1,190/mo)
Rent Estimate
Estimated from market price-to-rent ratios · Verify suite legality with the City of Mississauga
Remarks
Lovingly maintained by the same owners for 57 years, this well-maintained brick bungalow is situated on a generous 47' x 125' fenced lot in a highly sought-after neighborhood. Offering exceptional curb appeal and a functional layout, this home is ideal for families, downsizers, or investors alike. The bright main floor features a spacious living area, hardwood floors, and a kitchen complete with stainless steel appliances. A separate side entrance offers excellent potential for a future in-law suite or basement apartment. The basement boasts a huge recreation room with a fireplace, above-grade windows that fill the space with natural light, and a 3-piece bathroom, providing excellent additional living space and future possibilities. Step outside to enjoy the large fenced backyard, perfect for children, pets, gardening, or entertaining family and friends. An attached single-car garage and an oversized six-car driveway provide plenty of parking for family and guests. Ideally located in a highly desirable neighborhood close to schools, parks, shopping, transit, and everyday amenities, this is a rare opportunity to own a lovingly cared-for home that has been cherished for nearly six decades.
MississaugaInvestor.ca
89 Wendell Avenue
Detached · 3bd/2ba · ~1,300 sqft
$999,000
Cash-Flow Report · August 1, 2026
Cap Rate
2.33%
Monthly Cash Flow
-$2,657/mo
Estimated Rent
$3,990/mo
Cash-on-Cash
-14.54%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,990 |
| Mortgage | −$4,598 |
| Property Tax | −$791 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$833 |
| Vacancy (5%) | −$200 |
| Cash Flow | -$2,657/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$47,880 |
| Vacancy (5%) | −$2,394 |
| Property Tax | −$9,491 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$9,990 |
| Annual NOI | $23,305 |
| Cap Rate | 2.33% |
Cash Required to Close
| Down Payment (20%) | $199,800 |
| Ontario Land Transfer Tax | $16,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $219,255 |
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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