44 Falby Court 1406, Ajax

$415,000
44 Falby Court 1406

$415,000

New
3d
Condo Apartment1 Storey/Apt

44 Falby Court 1406, Ajax

Total Monthly Obligation $2,975

HausQ Valuation Report
Beds
2
Baths
2
Park
1
Sqft
1000-1199
DOM
3d
Score
20
Yield
7.7%
Cash on Cash
-2.0%
Cap Rate
4.2%
5Y IRR
14.0%
10Y IRR
13.4%
Property Type-Condo Apartment
MLS® Number-E14097084
Beds-2
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Oct 20, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Taxes-$2,885 (2026)
Maintenance-$860.41/mo
Locker-None
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-SUTTON GROUP-HERITAGE REALTY INC.
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Concrete
Possession-immediate
Neighbourhood-South East
Title-Residential Condo & Other

No agent assigned

Enjoy beautiful Lake Ontario views and spectacular sunsets from this west-facing 2-bedroom condo in South Ajax! Offering just under 1,100 sq. ft. of comfortable living space, this freshly painted suite features vinyl plank flooring throughout, updated bathrooms, and a spacious primary bedroom with a walk-in closet and ensuite bath. Ensuite laundry and storage closet, and one underground parking space add to the appeal, while inclusive maintenance fees make budgeting a breeze. Residents enjoy fantastic amenities, including an outdoor pool, exercise room, party room, billiards room, work room and sauna. The building offers a wonderful sense of community, with schools, a community centre, hospital and shopping all within walking distance. Enjoy skating or community events at Pat Bayly Square, or hop on your bike to explore over 7 km of trails along the naturalized waterfront. With transit right at the corner, this condo offers an ideal blend of comfort, convenience and a lifestyle close to the lake!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$332,000
Land Transfer Taxes$4,775
Legal Fees (Est.)
$
Total cash required for closing$89,275

Total Monthly Obligation

$2,975/mo
Mortgage $1,674
Monthly Loss $2,534
Principal$441
Interest$1,233
Property Tax$240
Condo Fees$860
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.2%20
Cash-on-Cash
-7.7%1
5-Year IRR
10.0%35
10-Year IRR
10.9%
Returns Index
18.5/ 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
$32,040/yr
NOI
$13,226/yr
Net Cash Flow
-$572/mo
Cash Margin
-21.4%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.669
LTV Ratio
80.0%18
Vacancy Buffer
3.2 mo54
Risk Index
27.1/ 100

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

Comparables

Properties near 44 Falby Court 1406

Time

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Data last updated within the past 24 hours.