2276 Fairmount Drive, Oakville

$1,369,900
2276 Fairmount Drive

$1,369,900

Price Change
24d
Detached2-Storey

2276 Fairmount Drive, Oakville

Total Monthly Obligation $6,473

Beds
5
Baths
4
Park
2
Sqft
2000-2500
DOM
24d
Score
15
Yield
3.4%
Cash on Cash
-8.7%
Cap Rate
2.7%
5Y IRR
8.7%
10Y IRR
9.2%
Property Type-Detached
MLS® Number-W13839424
Beds-5
Bathrooms-4
Size-2000-2500 sqft
Lot Size-36.09 × 84.28 ft
Listed on site-Sep 29, 2026
Style-2-Storey
Building Type-Detached
Age-16-30
Taxes-$6,867.6 (2026)
Parking-3 - Built-In
Basement-Finished, Development Potential
Heating-Forced Air (Gas)
Brokerage-EXP REALTY
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-North
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-60-90 Days
Neighbourhood-1019 - WM Westmount
Title-Residential Freehold

No agent assigned

Live surrounded by some of Oakville's most reputed public schools, so you don't have to spend a fortune on private schools! Totally renovated 4+1 bed, 4 bath detached home with a single-car garage, sitting on a premium 36' wide lot. Boasting an all-brick exterior, 2,600 sq ft of living space and amazing curb appeal with eye-catching landscaping, a large driveway and a large front porch. The fully upgraded and extended kitchen features new cabinets, new countertops and new stainless steel appliances. The finished, renovated basement with its own gas fireplace is ready to be used as an in-law suite. No rental items in the house: the owned heat pump saves thousands in heating costs, and the owned hot water heater and humidifier save you monthly rental fees. Over $135K invested in renovations by the previous and current owners combined. Walking distance to Oakville Trafalgar Memorial Hospital, FreshCo & Shoppers Drug Mart. Family-oriented neighborhood on a quiet street with excellent schools & parks. Top-rated schools include Garth Webb SS, with one of Oakville's top robotics programs and AP preparation, and Forest Trail PS, known for its excellent French Immersion program. Close to Bronte Creek Provincial Park, the Sixteen Mile Creek trail system, Coronation Park and West Oak Trails Community Park. Quick access to Hwys 403, 407 & QEW.

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

Closing Costs

Mortgage Amount
$1,095,920
Land Transfer Taxes$23,873
Legal Fees (Est.)
$
Total cash required for closing$299,353

Total Monthly Obligation

$6,473/mo
Mortgage $5,526
Monthly Loss $5,019
Principal$1,454
Interest$4,072
Property Tax$572
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.2%13
Cash-on-Cash
-12.1%0
5-Year IRR
6.1%14
10-Year IRR
7.5%
Returns Index
8.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
15/ 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
$46,800/yr
NOI
$30,752/yr
Net Cash Flow
-$2,963/mo
Cash Margin
-76.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.464
LTV Ratio
80.0%18
Vacancy Buffer
1.5 mo23
Risk Index
15.2/ 100

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

Comparables

Properties near 2276 Fairmount Drive

Time

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