8020 Derry Road 1609, Milton

$599,998
8020 Derry Road 1609

$599,998

New
16d
Condo ApartmentApartment

8020 Derry Road 1609, Milton

Total Monthly Obligation $3,193

Beds
2
Baths
2
Park
1
Sqft
700-799
DOM
16d
Score
18
Yield
4.7%
Cash on Cash
-6.1%
Cap Rate
3.3%
5Y IRR
10.8%
10Y IRR
10.8%
Property Type-Condo Apartment
MLS® Number-W13878326
Beds-2
Bathrooms-2
Size-700-799 sqft
Listed on site-Oct 7, 2026
Style-Apartment
Building Type-Condo Apartment
Maintenance-$572.56/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-HOMELIFE/MIRACLE REALTY LTD
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Concrete
Roof-Flat
Foundation-Poured Concrete
Possession-ASAP
Neighbourhood-1028 - CO Coates
Title-Residential Condo & Other

No agent assigned

Brand new, never lived-in 2-bedroom, 2-bathroom condo in desirable location of Milton featuring a bright open-concept layout with laminate flooring and large windows, a modern kitchen with stainless steel appliances, a spacious primary bedroom with walk-in closet and private ensuite, a well-sized second bedroom, in-suite laundry, and a private balcony; enjoy premium amenities including a gym, party room, kids' playroom, pool, and outdoor BBQ area, all conveniently located near Highway 401, transit, shopping, parks, and schools, plus 1 parking space and 1 locker included.

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

Closing Costs

Mortgage Amount
$479,998
Land Transfer Taxes$8,475
Legal Fees (Est.)
$
Total cash required for closing$129,975

Total Monthly Obligation

$3,193/mo
Mortgage $2,420
Monthly Loss $2,556
Principal$637
Interest$1,783
Condo Fees$573
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.7%16
Cash-on-Cash
-10.2%1
5-Year IRR
7.7%21
10-Year IRR
8.8%
Returns Index
12.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 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
$27,996/yr
NOI
$15,926/yr
Net Cash Flow
-$1,093/mo
Cash Margin
-46.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.556
LTV Ratio
80.0%18
Vacancy Buffer
3.0 mo50
Risk Index
24.8/ 100

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

Comparables

Properties near 8020 Derry Road 1609

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.