1583 Otterby Road, Mississauga
Applewood · Investor guide
$969,900
Estimated Value
$880,000
Based on neighbourhood averages
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
3
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$3,500/mo
Based on Applewood neighbourhood rental data for 3-bed Detached
Remarks
Act Now, Spacious Detached Home In Prime Location Close To All Amenities. Open Concept Main Floor With Combined Living/Dining With Walk Out To Patio, Huge Eat-In Kitchen And Walk Out To Backyard Perfect For Entertaining, 3 Bedrooms On Upper Level Complete With 4 Piece Bathroom, Lower Level Rec Room With Fireplace, Additional Bedroom And 3 Piece Bathroom On The Lower Level, Shopping And Schools Nearby.
MississaugaInvestor.ca
1583 Otterby Road
Detached · 3bd/2ba · ~2,250 sqft
$969,900
Cash-Flow Report · August 1, 2026
Cap Rate
2%
Monthly Cash Flow
-$2,851/mo
Estimated Rent
$3,500/mo
Cash-on-Cash
-16.07%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,500 |
| Mortgage | −$4,464 |
| Property Tax | −$679 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$808 |
| Vacancy (5%) | −$175 |
| Cash Flow | -$2,851/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$42,000 |
| Vacancy (5%) | −$2,100 |
| Property Tax | −$8,147 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$9,699 |
| Annual NOI | $19,354 |
| Cap Rate | 2% |
Cash Required to Close
| Down Payment (20%) | $193,980 |
| Ontario Land Transfer Tax | $15,873 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $212,853 |
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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