221 Ormond Drive E45, Oshawa

$399,900
221 Ormond Drive E45

$399,900

New
23d
Condo Townhouse3-Storey

221 Ormond Drive E45, Oshawa

Total Monthly Obligation $2,714

Beds
3
Baths
2
Park
1
Sqft
1000-1199
DOM
23d
Score
25
Yield
8.4%
Cash on Cash
3.3%
Cap Rate
5.3%
5Y IRR
18.2%
10Y IRR
16.8%
Property Type-Condo Townhouse
MLS® Number-E13844492
Beds-3
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Sep 30, 2026
Style-3-Storey
Building Type-Condo Townhouse
Taxes-$2,851 (2026)
Maintenance-$663.64/mo
Locker-None
Parking-2 - Attached
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-Keller Williams Energy Real Estate
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Aluminum Siding, Brick
Possession-Flex
Neighbourhood-Samac
Title-Residential Condo & Other

No agent assigned

Test results are in, and this exceptional 3-storey, 3-bedroom townhome is looking very healthy. Following a thorough and completely rigorous (if slightly unconventional) examination, the professional diagnosis is clear: this home is in great shape and ready for its next patient-err, homeowner. Starting on the main floor, the vital signs are strong with sleek tile flooring, bright potlights, a convenient powder room and practical laundry space. The welcoming, functional layout passes the initial inspection with flying colours. Follow the pulse into the heart of the home: the kitchen. Stainless steel appliances, a white subway tile backsplash, plenty of storage and a bright breakfast area make this a healthy spot for everything from morning coffee to family meals, so we're prescribing regular use. The spacious living room flows seamlessly into the dining room, showing excellent circulation and plenty of room for everyday living and entertaining. Just excellent. Upstairs, the private quarters reveal 3 bedrooms and a full bathroom, offering comfortable space for family, guests or a home office. The residential anatomy is checking out beautifully, with no further testing required. Outside, the examination continues with a good-sized backyard and patio stone area, providing plenty of room to relax, entertain or simply breathe easy. The final diagnosis? A well-rounded townhome in a North Oshawa location close to Ritson Fields, shopping, grocery stores, restaurants and everyday amenities. With the important boxes checked and the prognosis looking this good, this one deserves a closer examination.

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

Closing Costs

Mortgage Amount
$319,920
Land Transfer Taxes$4,474
Legal Fees (Est.)
$
Total cash required for closing$85,954

Total Monthly Obligation

$2,714/mo
Mortgage $1,613
Monthly Loss $2,290
Principal$424
Interest$1,189
Property Tax$238
Condo Fees$664
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
4.3%29
Cash-on-Cash
-2.7%4
5-Year IRR
13.8%63
10-Year IRR
13.9%
Returns Index
32.8/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
25/ 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
$33,588/yr
NOI
$17,015/yr
Net Cash Flow
-$195/mo
Cash Margin
-7.0%1
Cash Flow Index
1.2/ 100
Risk Profile
Weight: 20%
DSCR
0.8818
LTV Ratio
80.0%18
Vacancy Buffer
3.5 mo60
Risk Index
32.2/ 100

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

Comparables

Properties near 221 Ormond Drive E45

Time

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Data last updated within the past 24 hours.