55 Speers Road, Oakville

$429,900
55 Speers Road

$429,900

New
8d
Condo Apartment1 Storey/Apt

55 Speers Road, Oakville

Total Monthly Obligation $2,661

Beds
1
Baths
1
Park
1
Sqft
500-599
DOM
8d
Score
19
Yield
6.1%
Cash on Cash
-4.1%
Cap Rate
3.7%
5Y IRR
12.4%
10Y IRR
12.1%
Property Type-Condo Apartment
MLS® Number-W14083868
Beds-1
Bathrooms-1
Size-500-599 sqft
Listed on site-Oct 15, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Age-6-10
Taxes-$2,360 (2026)
Maintenance-$529.84/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Concrete, Metal/Steel Siding
Possession-Immediate
Neighbourhood-1002 - CO Central
Title-Residential Condo & Other

No agent assigned

Welcome to this bright and spacious 586 sq ft open-concept one-bedroom condo in the sought-after Rain & Senses building, ideally located in South Central Oakville. Just steps to the lake and minutes to vibrant Downtown Oakville and Kerr Village, this unit offers the perfect blend of urban convenience and lakeside lifestyle.Enjoy not one but two private balconies - one off the family room and one off the bedroom - perfect for morning coffee or unwinding after a long day. The modern kitchen features sleek cabinetry, stainless steel appliances, and granite countertops, ideal for both everyday living and entertaining.This unit includes 1 underground parking space and 1 locker, plus access to an impressive suite of building amenities: 24-hour concierge, indoor pool, sauna, fitness centre, media room, party room with catering kitchen, and guest suites. The building is also pet-friendly, welcoming residents of all kinds.With walking distance to the GO Station, shopping, transit, and major highways, this location offers unbeatable connectivity for commuters and city-lovers alike.Incredible value in one of Oakville's most desirable communities - don't miss this opportunity!

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

Closing Costs

Mortgage Amount
$343,920
Land Transfer Taxes$5,073
Legal Fees (Est.)
$
Total cash required for closing$92,553

Total Monthly Obligation

$2,661/mo
Mortgage $1,734
Monthly Loss $2,204
Principal$456
Interest$1,278
Property Tax$197
Condo Fees$530
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.9%17
Cash-on-Cash
-9.2%1
5-Year IRR
8.6%27
10-Year IRR
9.7%
Returns Index
14.4/ 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
$26,052/yr
NOI
$12,329/yr
Net Cash Flow
-$707/mo
Cash Margin
-32.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.597
LTV Ratio
80.0%18
Vacancy Buffer
3.6 mo62
Risk Index
29.0/ 100

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

Comparables

Properties near 55 Speers Road

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.