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$863,900

Lake Pointe Condos - 253 Lake Driveway W - 2m_d - Ajax, ON, L1S 5B5

MLS® # PB1038-2M_D

2.5 Beds

2 Baths

806 sqft

Property Features:

  • Bedrooms: 2.5
  • Bathrooms: 2.0
  • Floor Space (approx): 806

This listing content provided by Brokers PlaybookTM

Potential Investment Performance

Cumulative ROI

87.7%

Cumulative Market Appreciation

$238,679

Net Operating Income in Year 5

$21,720

Cash on Cash Return in Year 5

-10.4%

Assumptions

The information below is based on user inputs and general assumptions for informational purposes only. The outputs are not legal, financial, investment, or other advice. Review all fields for accuracy and consult an agent for guidance.

Mortgage Calculator

Mortgage
Purchase Price
$
Down Payment
%
$172,780
Mortgage Amount $691,120
Mortgage Payment
%
$3,585

Cash Flow Calculator

monthly
yearly
Income
Gross Rental Income
Powered By
$
Vacancy Rate
%
$
Other
$
Gross Operating Income $2,345
Operating Expenses
Management Fees
%
$
Property Tax
$
Repair Reserve
%
$
Insurance
$
Condo/Strata Fees
$
Total Operating Expenses $892
Net Operating Income $1,453
Debt Service
Mortgage Payment $3,585
Net Cash Flow -$2,132

Acquistion Costs

Deposit $172,777
Land Transfer Tax $13,753
Legal Fees $1,500
Adjustments $0
Development Charges $15,000
Down Payment Balance $3
Total Acquisition Costs $203,033

Deposit Schedule

With the Offer $5,000
Deposit @ 30 days $16,597
Deposit @ 0 days $21,597
Deposit @ 0 days $21,597
Deposit @ 0 days $21,597
Deposit @ 0 days $21,597
Deposit @ 0 days $21,597
Due on Occupancy $43,195
Total Deposit $172,777
Closing Date Sep 1, 2027

Components of Return

Potential Returns

Year 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
Investments
Deposits $129,582 - $43,195 - - - - - - -
Closing Costs - - $30,256 - - - - - - -
Mortgage Paydown - - $6,211$11,051$11,582$12,139$12,722$13,334$13,975$14,647
Total $129,582$0$79,662$11,051$11,582$12,139$12,722$13,334$13,975$14,647
Cash Invested $129,582$129,582$209,244$220,295$231,878$244,018$256,741$270,075$284,051$298,698
Rental Cash Flows
Rent and other income - - $16,418$28,851$30,092$31,386$32,735$34,143$35,611$37,142
Operating Expenses - - -$6,244-$10,864-$11,143-$11,430-$11,725-$12,030-$12,343-$12,666
Mortgage Payment - - -$25,101-$43,031-$43,031-$43,031-$43,031-$43,031-$43,031-$43,031
Net Cash Flow - - -$14,927-$25,044-$24,082-$23,075-$22,021-$20,918-$19,763-$18,555
Returns
Property Price Appreciation $43,195$45,354$47,622$50,003$52,503$55,128$57,885$60,779$63,818$67,009
Mortgage Paydown - - $6,211$11,051$11,582$12,139$12,722$13,334$13,975$14,647
Net Cash Flow - - -$14,927-$25,044-$24,082-$23,075-$22,021-$20,918-$19,763-$18,555
Total Return $43,195$45,354$38,906$36,011$40,004$44,193$48,586$53,196$58,030$63,101
Cumulative Return $43,195$88,549$127,455$163,467$203,471$247,664$296,251$349,447$407,478$470,579
Investment Metrics
Cumulative ROI 33.3% 68.3% 60.9% 74.2% 87.7% 101.5% 115.4% 129.4% 143.5% 157.5%
Cash On Cash - - -7.1% -11.4% -10.4% -9.5% -8.6% -7.7% -7.0% -6.2%

Location of 2m_d-253 Lake Driveway W, Ajax, ON, L1S 5B5

Demographic Information of 2m_d-253 Lake Driveway W, Ajax, ON, L1S 5B5

Life Stage

Nearly Retired

Employment Type

Service Sector/White Collar

Average Household Income

$151,699.98

Average Number of Children

1.68

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

10.35 %

High school certificate or equivalent

32.14 %

Apprenticeship trade certificate/diploma

4.26 %

College/non-university certificate

23.78 %

University certificate (below bachelor)

0.57 %

University Degree

28.91 %

Commuter

Travel To Work

By Car

89.69 %

By Public Transit

1.51 %

By Walking

0.2 %

By Bicycle

0.0 %

By Other Methods

8.6 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

4.78 %

Houses

95.22 %

Own Vs. Rent