17 Devineridge Avenue, Ajax

$685,000
17 Devineridge Avenue

$685,000

New
2d
Detached3-Storey

17 Devineridge Avenue, Ajax

Total Monthly Obligation $3,628

Beds
2
Baths
3
Park
2
Sqft
1100-1500
DOM
2d
Score
19
Yield
5.3%
Cash on Cash
-2.3%
Cap Rate
4.1%
5Y IRR
13.8%
10Y IRR
13.2%
Property Type-Detached
MLS® Number-E14102840
Beds-2
Bathrooms-3
Size-1100-1500 sqft
Lot Size-27.25 × 66.24 ft
Listed on site-Oct 21, 2026
Style-3-Storey
Building Type-Detached
Taxes-$5,877 (2025)
Parking-2 - Attached
Basement-Partially Finished
Heating-Forced Air (Gas)
Brokerage-RE/MAX ROUGE RIVER REALTY LTD.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible/TBA
Neighbourhood-Central East
Title-Residential Freehold

No agent assigned

Welcome to 17 Devineridge Ave - a move-in-ready 2-bed, 3-bath detached home in Ajax, perfect for first-time buyers. Open-concept main floor with centre island kitchen, 9-ft ceilings, potlights, and laminate flooring throughout. 1,383 sq ft of well-proportioned living space, plus a converted garage offering flexible bonus space (easily reverted back). Only 6 years old. Steps to schools (Viola Desmond School, French language is also being built) shopping Walmart, Canadian Tire,Costco, restaurants, and Ajax GO, 401, 412, for an easy commute downtown. Walking paths, Audley Community Centre, medial building, Goodlife and Lifetime Fitness close by. Short drive to the beautiful Ajax waterfront and walking trails. A smart start in an established neighbourhood.

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

Closing Costs

Mortgage Amount
$548,000
Land Transfer Taxes$10,175
Legal Fees (Est.)
$
Total cash required for closing$148,675

Total Monthly Obligation

$3,628/mo
Mortgage $2,763
Monthly Loss $2,901
Principal$727
Interest$2,036
Property Tax$490
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.3%20
Cash-on-Cash
-7.2%1
5-Year IRR
10.0%35
10-Year IRR
10.6%
Returns Index
18.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$36,516/yr
NOI
$22,487/yr
Net Cash Flow
-$889/mo
Cash Margin
-29.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.689
LTV Ratio
80.0%18
Vacancy Buffer
2.6 mo43
Risk Index
23.5/ 100

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

Comparables

Properties near 17 Devineridge Avenue

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.