1118 Melvin Avenue, Oakville

$2,250,000
1118 Melvin Avenue

$2,250,000

New
21d
DetachedBungalow

1118 Melvin Avenue, Oakville

Total Monthly Obligation $10,213

HausQ Valuation Report
Beds
3
Baths
2
Park
6
Sqft
1500-2000
DOM
21d
Score
14
Yield
2.6%
Cash on Cash
-11.6%
Cap Rate
2.1%
5Y IRR
6.5%
10Y IRR
7.6%
Property Type-Detached
MLS® Number-W13856424
Beds-3
Bathrooms-2
Size-1500-2000 sqft
Lot Size-135 × 100 ft
Listed on site-Oct 2, 2026
Style-Bungalow
Building Type-Detached
Age-51-99
Taxes-$9,147 (2026)
Parking-8 - Built-In
Basement-Finished, Partial Basement
Heating-Forced Air (Gas)
Brokerage-Royal LePage Real Estate Services Ltd., Brokerage
Cooling-Central Air
Laundry-No
Fireplace-Living Room
Pool-None
Facing-South
Exterior-Brick, Wood
Roof-Asphalt Shingle
Foundation-Block
Sewer-Sewer
Possession-Immed/TBA
Neighbourhood-1011 - MO Morrison
Title-Residential Freehold

No agent assigned

Prime Morrison location on a quiet, tree lined street just off Chartwell Road. Easy walk to St Mildred's and Linbrook Schools. Large .31 acre lot with rare 135' lot frontage to allow for maximum design flexibility. Spacious 3 Bedroom bungalow with double garage requires significant updating. Ideal location close to Downtown Oakville, parks, waterfront trails, top rated Public and Private Schools, Whole Foods Market, Longo's, Starbucks and GO Train.

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

Closing Costs

Mortgage Amount
$1,800,000
Land Transfer Taxes$42,725
Legal Fees (Est.)
$
Total cash required for closing$494,225

Total Monthly Obligation

$10,213/mo
Mortgage $9,076
Monthly Loss $7,825
Principal$2,388
Interest$6,688
Property Tax$762
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
1.8%11
Cash-on-Cash
-14.3%0
5-Year IRR
4.4%9
10-Year IRR
6.2%
Returns Index
5.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
14/ 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
$59,520/yr
NOI
$39,921/yr
Net Cash Flow
-$5,749/mo
Cash Margin
-115.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.373
LTV Ratio
80.0%18
Vacancy Buffer
1.0 mo16
Risk Index
12.5/ 100

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

Comparables

Properties near 1118 Melvin Avenue

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.

Data is provided courtesy of PropTx.

The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.

Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.