28 Forest Road, Ajax

$599,900
28 Forest Road

$599,900

New
8d
DetachedBungalow

28 Forest Road, Ajax

Total Monthly Obligation $3,183

Beds
3
Baths
2
Park
1
Sqft
700-1100
DOM
8d
Score
18
Yield
4.5%
Cash on Cash
-5.9%
Cap Rate
3.3%
5Y IRR
10.9%
10Y IRR
10.9%
Property Type-Detached
MLS® Number-E14082876
Beds-3
Bathrooms-2
Size-700-1100 sqft
Lot Size-50 × 102 ft
Listed on site-Oct 15, 2026
Style-Bungalow
Building Type-Detached
Taxes-$4,663.26 (2026)
Parking-3 - Carport
Basement-Finished, Separate Entrance
Heating-Forced Air (Gas)
Brokerage-RE/MAX HALLMARK FIRST GROUP REALTY LTD.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-60/flex
Neighbourhood-South East
Title-Residential Freehold

No agent assigned

Beautifully Renovated With Style And Functionality In Mind, This Move-In-Ready Home Offers The Perfect Blend Of Modern Finishes, Comfortable Living, And Everyday Convenience. Extensively Renovated In 2018, The Home Was Thoughtfully Reimagined To Create A Bright, Open-Concept Living Space That Features A Beautifully Updated Kitchen With Quartz Countertops, Stylish Finishes, And Plenty Of Storage. Enjoy The Seamless Flow Between The Kitchen, Living Room, And Dining Area, All Filled With An Abundance Of Natural Light And Luxury Vinyl Flooring Throughout. Two Bedrooms Are Tucked Away At The Back Of The Home, Overlooking The Private Backyard. No Detail Has Been Overlooked - You'll Enjoy The Upgraded Baseboards Throughout, Updated Plumbing, And Fully Renovated Bathroom. The Redesigned Main Bathroom Features An Expanded Layout With Both A Separate Shower And A Relaxing Soaker Tub. A Convenient Separate Side Entrance Leads To The Versatile Finished Basement, Featuring An Additional Bedroom, Spacious Recreation Room, Large Laundry Area, And A Beautifully Renovated 3-Piece Bathroom (2024). This Level Offers Endless Possibilities For A Home Office, Guest Space, Or Cozy Lounge. Luxury Vinyl Flooring (2025) Adds A Fresh, Modern Touch. Step Outside To Enjoy The Spacious, Private Backyard, Complete With A Convenient Natural Gas BBQ Hookup. Enjoy Peace Of Mind With Numerous Major Updates, Including Furnace (2024), Brand-New Washer And Dryer (2026), Windows And Doors (2017), Kitchen Appliances (2018), Blown In Insulation (2018) And A 200-Amp Electrical Panel. Ideally Located In An Established Ajax Neighbourhood, Close To Schools, Parks, Shopping, Transit, And Highway 401, With Easy Access To The Waterfront, Scenic Trails, And GO Transit.Thoughtfully Updated, Beautifully Finished, And Designed For Modern Living - 28 Forest Road Is A Home You Won't Want To Miss!

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

Closing Costs

Mortgage Amount
$479,920
Land Transfer Taxes$8,473
Legal Fees (Est.)
$
Total cash required for closing$129,953

Total Monthly Obligation

$3,183/mo
Mortgage $2,420
Monthly Loss $2,547
Principal$637
Interest$1,783
Property Tax$389
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.5%15
Cash-on-Cash
-10.9%1
5-Year IRR
7.1%19
10-Year IRR
8.4%
Returns Index
10.6/ 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
$26,796/yr
NOI
$14,953/yr
Net Cash Flow
-$1,174/mo
Cash Margin
-52.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.515
LTV Ratio
80.0%18
Vacancy Buffer
3.0 mo51
Risk Index
24.7/ 100

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

Comparables

Properties near 28 Forest Road

Time

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Data last updated within the past 24 hours.