1087 Ormond Drive 16, Oshawa

$638,800
1087 Ormond Drive 16

$638,800

New
29d
Condo Townhouse2-Storey

1087 Ormond Drive 16, Oshawa

Total Monthly Obligation $3,615

Bed+Den
4+1
Baths
4
Park
1
Sqft
1200-1399
DOM
29d
Score
18
Yield
5.4%
Cash on Cash
-4.9%
Cap Rate
3.5%
5Y IRR
11.7%
10Y IRR
11.5%
Property Type-Condo Townhouse
MLS® Number-E13824300
Bed+Den-4+1
Bathrooms-4
Size-1200-1399 sqft
Listed on site-Sep 24, 2026
Style-2-Storey
Building Type-Condo Townhouse
Taxes-$4,710.63 (2025)
Maintenance-$445.74/mo
Locker-None
Parking-2 - Attached
Basement-Partially Finished
Heating-Forced Air (Gas)
Brokerage-Century 21 United Realty Inc.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Aluminum Siding, Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Possession-TBD
Neighbourhood-Samac
Title-Residential Condo & Other

No agent assigned

A little more light, a little more privacy and no homes directly behind - this North Oshawa end unit has some of the best perks in the development. With additional side windows bringing in tons of natural light and a backyard overlooking the neighbouring school grounds and open green space, this 3+1 bedroom, 3+1 bathroom townhouse feels bright, open and surprisingly private. Inside, the home has been exceptionally well maintained and thoughtfully updated. The kitchen features stainless steel appliances, all approximately five years old or newer, with some replaced within the past month. Brand-new carpet has just been installed on the stairs and throughout the second level, giving the home a fresh, move-in-ready feel. Direct inside access from the garage is another everyday convenience you'll appreciate year-round. Upstairs offers three comfortable bedrooms, while the partially finished basement adds even more usable living space with an additional bedroom and bathroom - perfect for guests, teenagers, a home office or simply some extra room to spread out. Outside, that open backdrop really sets this unit apart. Instead of looking directly into another row of homes, the backyard enjoys an open view across the school grounds, creating a greater sense of space and breathing room that can be hard to find in townhouse living. The condo development itself has also been exceptionally well cared for, with ongoing exterior improvements and maintenance including updated roofing, exterior painting and lawn care. The driveway is currently being repaved, adding another fresh update to the property. All of this in a fantastic North Oshawa neighbourhood close to schools, parks, shopping, restaurants, transit and everyday amenities, with convenient access to major commuter routes. End unit, extra windows, no homes behind, plenty of space and the big-ticket exterior maintenance taken care of - this one has a lot going for it.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$511,040
Land Transfer Taxes$9,251
Legal Fees (Est.)
$
Total cash required for closing$138,511

Total Monthly Obligation

$3,615/mo
Mortgage $2,577
Monthly Loss $2,937
Principal$678
Interest$1,899
Property Tax$393
Condo Fees$446
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.9%17
Cash-on-Cash
-9.2%1
5-Year IRR
8.5%26
10-Year IRR
9.5%
Returns Index
14.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$34,176/yr
NOI
$18,299/yr
Net Cash Flow
-$1,052/mo
Cash Margin
-36.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.597
LTV Ratio
80.0%18
Vacancy Buffer
2.7 mo43
Risk Index
22.7/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 1087 Ormond Drive 16

Time

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