60 Old Mill Road 409, Oakville

$599,900
60 Old Mill Road 409

$599,900

New
22d
Condo Apartment1 Storey/Apt

60 Old Mill Road 409, Oakville

Total Monthly Obligation $3,640

Beds
2
Baths
2
Park
1
Sqft
1000-1199
DOM
22d
Score
19
Yield
6.1%
Cash on Cash
-3.8%
Cap Rate
3.8%
5Y IRR
12.6%
10Y IRR
12.3%
Property Type-Condo Apartment
MLS® Number-W13863414
Beds-2
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Oct 1, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Taxes-$3,105 (2025)
Maintenance-$761.72/mo
Locker-None
Parking-1 - Underground
Basement-None
Heating-Heat Pump (Electric)
Brokerage-Coldwell Banker Neumann Real Estate
Cooling-Central Air
Laundry-Yes
Fireplace-Yes
Pool-None
Exterior-Brick
Possession-Flexible
Neighbourhood-1013 - OO Old Oakville
Title-Residential Condo & Other

No agent assigned

Step into Oakridge Heights, tucked into the heart of Oakville and just minutes from Highway 403 and the Oakville GO, so getting anywhere is a breeze (though once you see the place, you might not want to go anywhere at all). This bright corner 2-bed, 2-bath suite has that open, light-filled feel that makes a home easy to love, with an electric fireplace for cozy nights in and a private balcony for your morning coffee on sunny ones. The primary bedroom is a real retreat, with a full four-piece ensuite and a true walk-in closet (actual walk-in space, not a "closet" in name only). The second bedroom has its own three-piece cheater ensuite, so it works just as well for guests, a roommate, or the home office you keep meaning to set up. The building amenities could fill a weekend: indoor pool, gym, sauna, billiards room and party room, plus visitor parking so friends aren't circling the block when you host. Your own underground parking spot means no scraping ice off the windshield and no frosty starts on January mornings. Around you is one of Oakville's most sought-after neighbourhoods, close to great shopping, dining, parks, waterfront trails and an easy commute into Toronto. It's comfortable, convenient and well located, and it doesn't need to oversell any of that. And here's the bonus: we're offering $5,000 toward new appliances, so you can make it yours from day one.

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

Closing Costs

Mortgage Amount
$479,920
Land Transfer Taxes$8,473
Legal Fees (Est.)
$
Total cash required for closing$129,953

Total Monthly Obligation

$3,640/mo
Mortgage $2,420
Monthly Loss $3,004
Principal$637
Interest$1,783
Property Tax$259
Condo Fees$762
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.0%19
Cash-on-Cash
-8.3%1
5-Year IRR
9.3%31
10-Year IRR
10.2%
Returns Index
16.3/ 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
$36,600/yr
NOI
$18,294/yr
Net Cash Flow
-$895/mo
Cash Margin
-29.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.638
LTV Ratio
80.0%18
Vacancy Buffer
2.6 mo43
Risk Index
22.9/ 100

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

Comparables

Properties near 60 Old Mill Road 409

Time

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