2 Westney Road N 1004, Ajax

$499,999
2 Westney Road N 1004

$499,999

New
8d
Condo ApartmentApartment

2 Westney Road N 1004, Ajax

Total Monthly Obligation $3,350

Beds
3
Baths
2
Park
2
Sqft
1000-1199
DOM
8d
Score
20
Yield
7.4%
Cash on Cash
-1.3%
Cap Rate
4.3%
5Y IRR
14.5%
10Y IRR
13.8%
Property Type-Condo Apartment
MLS® Number-E14080040
Beds-3
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Oct 15, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$3,416.85 (2025)
Maintenance-$848.08/mo
Locker-Owned
Parking-2 - None
Basement-None
Heating-Forced Air (Gas)
Brokerage-CENTURY 21 PERCY FULTON LTD.
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick
Possession-To Be Arranged
Neighbourhood-Central West
Title-Residential Condo & Other

No agent assigned

Lovely 3-Bedroom Condo in a desirable location! Walking distance to shopping, including Sobeys, Shoppers Drug Mart, and more. Perfect for empty nesters or first-time buyers. Bright and spacious living room with a walkout to a west-facing balcony. Functional eat-in kitchen and convenient in-suite laundry. The primary bedroom features a 3-piece ensuite washroom, plus there is an additional 4-piece washroom. This freshly painted corner unit offers approximately 1,157 sq. ft. as per MPAC. The third bedroom is currently being used as a dining room but can easily be converted back to a bedroom, as the door is conveniently stored in the locker. Freshly Painted. Outdoor Pool Is Heated.

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

Closing Costs

Mortgage Amount
$399,999
Land Transfer Taxes$6,475
Legal Fees (Est.)
$
Total cash required for closing$107,975

Total Monthly Obligation

$3,350/mo
Mortgage $2,017
Monthly Loss $2,819
Principal$531
Interest$1,486
Property Tax$285
Condo Fees$848
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.4%22
Cash-on-Cash
-6.6%2
5-Year IRR
10.8%41
10-Year IRR
11.4%
Returns Index
21.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
20/ 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
$36,828/yr
NOI
$17,151/yr
Net Cash Flow
-$588/mo
Cash Margin
-19.1%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.7110
LTV Ratio
80.0%18
Vacancy Buffer
2.9 mo47
Risk Index
25.2/ 100

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

Comparables

Properties near 2 Westney Road N 1004

Time

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Data last updated within the past 24 hours.