1393 Salem Road N, Ajax

$665,000
1393 Salem Road N

$665,000

New
28d
Att/Row/Townhouse3-Storey

1393 Salem Road N, Ajax

Total Monthly Obligation $3,510

HausQ Valuation Report
Beds
3
Baths
3
Park
2
Sqft
1100-1500
DOM
28d
Score
19
Yield
5.1%
Cash on Cash
-3.0%
Cap Rate
3.9%
5Y IRR
13.2%
10Y IRR
12.7%
Property Type-Att/Row/Townhouse
MLS® Number-E13830214
Beds-3
Bathrooms-3
Size-1100-1500 sqft
Lot Size-15.91 × 81.7 ft
Listed on site-Sep 25, 2026
Style-3-Storey
Building Type-Att/Row/Townhouse
Taxes-$5,427.03 (2026)
Parking-3 - Attached
Basement-None
Heating-Forced Air (Gas)
Brokerage-RE/MAX HALLMARK FIRST GROUP REALTY LTD.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Brick
Roof-Shingles
Foundation-Poured Concrete
Sewer-Sewer
Possession-TBA
Neighbourhood-Northeast Ajax
Title-Residential Freehold

No agent assigned

Welcome to this very well maintained freehold townhouse that has been lovingly cared for by its original owners! Very bright and spacious home offering 3 bedrooms, 2.5 baths and parking for 3 cars. A great option for first time buyers or a growing family. It offers an open concept living, dining, and kitchen area with 9' ceilings creating a bright and comfortable space. Modern and functional kitchen that has a breakfast bar, stainless steel Fridge, Stove, Dishwasher, Backsplash, granite countertops. It also offers a balcony with enough space for a seating area and BBQ grill. Upstairs, you'll find 3 good sized bedrooms including a primary bedroom with an ensuite bath. Great location within walking distance to 2 high schools, 2 elementary schools, restaurants, Goodlife, medical/dental clinics and everyday conveniences. Close to major employment hubs including Amazon, H&M distribution and Gordon Food services. Short drive to big box stores, major highways, hospital and Ajax lakefront.

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%
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$
$
(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$532,000
Land Transfer Taxes$9,775
Legal Fees (Est.)
$
Total cash required for closing$144,275

Total Monthly Obligation

$3,510/mo
Mortgage $2,682
Monthly Loss $2,804
Principal$706
Interest$1,977
Property Tax$452
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.1%19
Cash-on-Cash
-8.0%1
5-Year IRR
9.4%31
10-Year IRR
10.1%
Returns Index
16.8/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$34,140/yr
NOI
$20,799/yr
Net Cash Flow
-$949/mo
Cash Margin
-33.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.658
LTV Ratio
80.0%18
Vacancy Buffer
2.7 mo45
Risk Index
23.7/ 100

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

Comparables

Properties near 1393 Salem Road N

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.