44 Falby Court 308, Ajax

$499,000
44 Falby Court 308

$499,000

New
8d
Condo ApartmentApartment

44 Falby Court 308, Ajax

Total Monthly Obligation $3,600

HausQ Valuation Report
Beds
3
Baths
2
Park
1
Sqft
1400-1599
DOM
8d
Score
23
Yield
8.8%
Cash on Cash
2.1%
Cap Rate
5.0%
5Y IRR
17.3%
10Y IRR
16.0%
Property Type-Condo Apartment
MLS® Number-E14084572
Beds-3
Bathrooms-2
Size-1400-1599 sqft
Listed on site-Oct 15, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$3,085 (2025)
Maintenance-$1,129.8/mo
Locker-None
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-REMAX YOUR COMMUNITY REALTY
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick
Possession-Immediate
Neighbourhood-South East
Title-Residential Condo & Other

No agent assigned

Spacious Living. Incredible Potential. Exceptional Value! Welcome to this bright and spacious 3-bedroom, 2-full-bathroom condo on the 3rd floor of a well-established Ajax building. Featuring one parking space and generous principal rooms, this suite offers an exciting opportunity to renovate and make it your own. Large windows fill the living and dining areas with natural light, while the private balcony is the perfect spot for morning coffee or relaxing with the view. The practical layout includes insuite laundry with a full size washer and dryer, ample closets. Ready for some TLC and updating, this condo is ideal for first-time buyers, downsizers or anyone eager to put their own stamp on this this space. Enjoy the convenience of maintenance fees that include heat, hydro, water, cable and internet, plus fantastic amenities: outdoor pool, tennis courts, fitness centre, sauna, games room, library, workshop and underground car wash. Minutes to shopping, restaurants, schools, parks, transit, Ajax GO, Highway 401 and waterfront trails. A great location, impressive amenities and room to add your personal touch.

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

Closing Costs

Mortgage Amount
$399,200
Land Transfer Taxes$6,455
Legal Fees (Est.)
$
Total cash required for closing$107,755

Total Monthly Obligation

$3,600/mo
Mortgage $2,013
Monthly Loss $3,070
Principal$530
Interest$1,483
Property Tax$257
Condo Fees$1,130
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
4.1%28
Cash-on-Cash
-3.6%3
5-Year IRR
13.2%59
10-Year IRR
13.4%
Returns Index
30.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
23/ 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
$43,692/yr
NOI
$20,280/yr
Net Cash Flow
-$323/mo
Cash Margin
-8.9%1
Cash Flow Index
0.8/ 100
Risk Profile
Weight: 20%
DSCR
0.8416
LTV Ratio
80.0%18
Vacancy Buffer
2.6 mo43
Risk Index
25.8/ 100

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

Comparables

Properties near 44 Falby Court 308

Time

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