2283 Devon Road, Oakville

$1,548,000
2283 Devon Road

$1,548,000

New
3d
DetachedBacksplit 3

2283 Devon Road, Oakville

Total Monthly Obligation $7,184

Beds
4
Baths
3
Park
2
Sqft
1100-1500
DOM
3d
Score
15
Yield
3.3%
Cash on Cash
-9.1%
Cap Rate
2.6%
5Y IRR
8.4%
10Y IRR
9.0%
Property Type-Detached
MLS® Number-W14098556
Beds-4
Bathrooms-3
Size-1100-1500 sqft
Lot Size-56.96 × 103.48 ft
Listed on site-Oct 20, 2026
Style-Backsplit 3
Building Type-Detached
Age-51-99
Taxes-$6,782.5 (2026)
Parking-4 - Attached
Basement-Partially Finished, Walk-Out, Separate Entrance
Heating-Forced Air (Gas)
Brokerage-BAY STREET GROUP INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Aluminum Siding, Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-1006 - FD Ford
Title-Residential Freehold

No agent assigned

Rarely Offered Backsplit On One Of The Most Prestigious Streets In Southeast Oakville's Eastlake! Set On A Stunning Ravine Lot Backing Onto Joshua's Valley Creek, This Beautifully Renovated 3+1 Bedroom, 3 Bathroom Home Combines Timeless Character With Thoughtful Modern Upgrades - Move In & Enjoy; Vacant & Ready For Quick Closing! | Approx. 1,324 Sq Ft Above Grade | RECENT UPGRADES: Newer Furnace (2023), Fresher Full-House Painting (2023) & Renovated 2nd Floor Bathroom (2023) ,Brand new hot tub cover | Main Floor Features Engineered Hardwood Flooring, Smooth Ceilings With Pot Lighting, A Custom Kitchen With Soft-Close Cabinetry, Pantry, Under-Cabinet Lighting, Glass Mosaic Backsplash, Quartzite Countertops & Breakfast Bar, Skylight, And Stainless Steel Appliances, Plus A Charming Bay Window In The Living Room | Renovated Main Bathroom With Heated Floor (As-Is) | Fully Finished Basement In-law Suite With Separate Walk-Out Entrance - Complete With Its Own Kitchen, Bedroom & 4-Piece Bathroom, Offering Excellent Income Potential Or Multi-Generational Living Space | Walk-Out From The Grade-Level Family Room To A Private Patio, Hot Tub with new cover & Tranquil Ravine Garden - A Rare Backyard Oasis In The Heart Of Oakville | Located In The Sought-After Maple Grove & Oakville Trafalgar High School Catchment, Steps To Famous Maple Grove St, Walking Distance To The Lake, Parks, Tennis Courts & Ice Arena | Minutes To Historic Downtown Oakville, Shopping, And Just 8 Minutes To Clarkson GO Station With Easy Access To QEW, 403, 407 & Pearson Airport | A Truly Move-In Ready Home Offering The Perfect Blend Of Nature, Convenience & Income Potential - Don't Miss This Rare Opportunity!

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

Closing Costs

Mortgage Amount
$1,238,400
Land Transfer Taxes$27,435
Legal Fees (Est.)
$
Total cash required for closing$338,535

Total Monthly Obligation

$7,184/mo
Mortgage $6,244
Monthly Loss $5,541
Principal$1,643
Interest$4,601
Property Tax$565
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.2%13
Cash-on-Cash
-12.3%0
5-Year IRR
5.9%14
10-Year IRR
7.4%
Returns Index
8.3/ 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
$50,484/yr
NOI
$34,153/yr
Net Cash Flow
-$3,398/mo
Cash Margin
-80.8%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.464
LTV Ratio
80.0%18
Vacancy Buffer
1.4 mo21
Risk Index
14.5/ 100

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

Comparables

Properties near 2283 Devon Road

Time

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