583 Elliott Crescent, Milton
Milton
$898,000
Cash flow, cap rate & mortgage breakdown
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Listed by HOMELIFE CLASSIC REALTY INC.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
4
Bathrooms
3
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
High-utility 2-storey home featuring a fully finished walk-up basement apartment with a separate entrance, offering excellent in-law or income potential. This versatile property includes 2 kitchens, 3 bedrooms, and 3 bathrooms, a new furnace, mostly new appliances, 2 refrigerators, and 2 brand-new washer and dryer sets. Enjoy a private side yard for the basement apartment and a spacious backyard with plenty of room for entertaining or a future pool. Ideally located in the sought-after Dorset Park community, close to parks, schools, trails, shopping, transit, and all amenities.
MississaugaInvestor.ca
583 Elliott Crescent
Detached · 4bd/3ba · ~1,300 sqft
$898,000
Cash-Flow Report · July 31, 2026
Cap Rate
3.24%
Monthly Cash Flow
-$1,710/mo
Estimated Rent
$4,190/mo
Cash-on-Cash
-10.41%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$4,190 |
| Mortgage | −$4,133 |
| Property Tax | −$584 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$748 |
| Vacancy (5%) | −$210 |
| Cash Flow | -$1,710/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$50,280 |
| Vacancy (5%) | −$2,514 |
| Property Tax | −$7,004 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$8,980 |
| Annual NOI | $29,082 |
| Cap Rate | 3.24% |
Cash Required to Close
| Down Payment (20%) | $179,600 |
| Ontario Land Transfer Tax | $14,435 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $197,035 |
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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