2 Westney Road N 108, Ajax

$484,900
2 Westney Road N 108

$484,900

New
21d
Condo ApartmentApartment

2 Westney Road N 108, Ajax

Total Monthly Obligation $3,174

HausQ Valuation Report
Beds
2
Baths
2
Park
2
Sqft
1000-1199
DOM
21d
Score
20
Yield
7.0%
Cash on Cash
-2.1%
Cap Rate
4.1%
5Y IRR
13.9%
10Y IRR
13.3%
Property Type-Condo Apartment
MLS® Number-E13853844
Beds-2
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Oct 2, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$3,163.5 (2026)
Maintenance-$754.68/mo
Locker-Ensuite+Exclusive
Parking-2 - Surface
Basement-None
Heating-Forced Air (Gas)
Brokerage-RIGHT AT HOME REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Concrete
Possession-TBD
Neighbourhood-Central West
Title-Residential Condo & Other

No agent assigned

Beautiful & Spacious 2-Bedroom, 2-Full-Bath Ground-Floor Condo with 2 Entrances!This bright and spacious ground floor unit featuring two bedrooms, two full bathrooms, two separate entrances, and a private walkout patio. Enjoy granite countertops in both bathrooms, new light fixtures throughout, and your own private patio, perfect for enjoying your morning coffee in the sunshine. The building offers fantastic amenities, including a beautiful heated outdoor pool and hot tub, well equipped gym, and sauna, all located conveniently on the main floor.Located in a convenient area with transit right outside your door, easy access to the HWY401, and close proximity to Ajax GO, shopping, restaurants, and everyday amenities. The Lakeshore and scenic walking paths are just 10 minutes away. A fantastic opportunity for first-time buyers, downsizers, or anyone looking for a spacious, low-maintenance home in a convenient location.The building is very well managed, maintenance fees include all utilities and water. The unit has one parking spots exclusively owned, rental spots are available through Property Management, with plenty of visitor parking for your guests.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$387,920
Land Transfer Taxes$6,173
Legal Fees (Est.)
$
Total cash required for closing$104,653

Total Monthly Obligation

$3,174/mo
Mortgage $1,956
Monthly Loss $2,660
Principal$515
Interest$1,441
Property Tax$264
Condo Fees$755
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.3%20
Cash-on-Cash
-7.3%1
5-Year IRR
10.1%36
10-Year IRR
10.9%
Returns Index
19.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
20/ 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
$33,840/yr
NOI
$15,836/yr
Net Cash Flow
-$636/mo
Cash Margin
-22.6%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.679
LTV Ratio
80.0%18
Vacancy Buffer
3.0 mo50
Risk Index
25.9/ 100

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

Comparables

Properties near 2 Westney Road N 108

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.