Purchase price
Oakville condo investment opportunity
414–2470 Prince Michael Drive, Oakville
Own a Rentable One-Bedroom Condominium in Joshua Creek, Oakville
Explore verified property details, rental-income scenarios, operating analysis and investment fundamentals.
All figures are estimated or illustrative. Review the assumptions and full disclosure below.
Asking price$499,900One bedroom · West-facing · Parking + locker
Asking price$499,900
Verified interior515.33 sq. ft.
Private balconyApprox. 65 sq. ft.
Layout1 bedroom
Bathroom1 four-piece
ExposureWest-facing
ParkingLevel A · Unit 71
LockerLevel A · Unit 216
ConvenienceIn-suite laundry
At-a-glance underwriting
Investment Snapshot
A transparent base case using the current asking price and supplied property records. Estimated figures are clearly separated from verified expenses.
Estimated market rent
Estimated gross annual rent
Base-case vacancy allowance
Current common charges
2026 property taxes
Estimated self-managed cap rate
Estimated managed cap rate
Rental appeal
Why This Home Appeals to Tenants
A practical one-bedroom layout, useful inclusions and extensive amenities broaden rental appeal in a well-connected Joshua Creek setting. Actual lease terms are established when the property is offered.
01Joshua Creek location
02One-bedroom layout
03Private balcony
04Underground parking
05Storage locker
06In-suite laundry
07Concierge
08Fitness facilities
09Indoor pool
10Hot tub and sauna
11Guest suites
12Party and games facilities
13Shopping, major roads and Oakville services nearby
Income underwriting
Rental Income Potential
These illustrative scenarios span $2,100–$2,250 per month, anchored by the $2,200 base case.
The base-case rental estimate is supported by recent one-bedroom and one-bedroom-plus-den lease evidence from Emporium and tightly comparable Oakville condominium buildings. Actual achievable rent will depend on market conditions, unit condition, tenant demand and lease terms at the time offered.
Rental demand context
Occupancy Outlook
CMHC reported a 0.9% vacancy rate for rented condominium apartments across the Toronto CMA in 2025, equivalent to 99.1% occupancy. This analysis uses a 2.0% base-case vacancy allowance, equivalent to 98.0% assumed occupancy.
View CMHC Housing Market Information Portal →2025 Toronto CMA condo rental occupancy99.1%
Base-case assumed occupancy98.0%
Annual operating view
Investor Pro Forma
The base case uses $2,200 monthly rent and a 2.0% vacancy allowance. Values are estimates unless marked as verified.
Self-Managed
Estimated / illustrative- Gross scheduled rent
- $26,400.00
- Vacancy allowance (2.0%)
- − $528.00
- Effective rental income
- $25,872.00
- Condo / common charges
- − $6,657.36
- 2026 property taxes
- − $2,591.39
- Estimated landlord insurance
- − $480.00
- Repair / maintenance reserve
- − $792.00
- Estimated self-managed NOI
- $15,351.25
Estimated cap rate3.07%
Professionally Managed
Estimated / illustrative- Self-managed NOI
- $15,351.25
- Estimated management cost
- − $1,552.32
- Normalized leasing / turnover allowance
- − $650.00
- Estimated managed NOI
- $13,148.93
The optional managed model uses 6% of effective rental income plus a normalized $650 leasing allowance. Actual services and fees reflect the selected provider.
Estimated cap rate2.63%
Ownership structure
Financing Flexibility
Cap rate is measured before financing, giving investors a consistent way to compare the property while selecting an ownership structure that fits their objectives.
Purchase price$499,900
Cash-purchase starting point100% equity
Self-managed NOI estimate$15,351 / year
Managed NOI estimate$13,149 / year
Financing inputsFully editable
Investor approachFlexible
Use the interactive calculator to explore equity contribution, interest rate and amortization combinations tailored to your investment approach.
Mortgage availability, lender qualification, interest rates and payment terms are determined by the buyer and their financing provider.Opportunity overview
Investment Highlights
The property combines a marketable one-bedroom configuration with useful inclusions, extensive amenities and transparent operating information.
- Low condominium-rental vacancy environment
- Oakville location
- Parking and locker
- In-suite laundry
- Amenity-rich building
- Established condominium
- Marketable one-bedroom configuration
- Potential long-term equity accumulation
- Self-managed and professionally managed scenarios provided
- Editable cash-purchase and financing assumptions
- Reserve fund balance and annual contribution figures reported
- Branded and unbranded iGUIDE tours, video and measured floor plan
- Clear separation of verified amounts and estimated assumptions
- Current condominium details can be confirmed through document review
Experience the residence
Explore the Property
Review the 3D tour, walkthrough and measured floor plan before requesting a private showing.
Branded iGUIDELaunch 3D tour ↗
Unbranded iGUIDELaunch 3D tour ↗Walk-through videoWatch on YouTube ↗
Imperial floor planOpen PDF ↗Bedroom10′4″ × 14′3″
Living10′10″ × 13′7″
Kitchen12′1″ × 5′9″
4-piece bathroom4′10″ × 9′1″
Balcony9′11″ × 6′7″
Document review
Due Diligence
Review the verified and reported condominium information available for this property.
- 2026 property taxes
- $2,591.39 · verified
- Condo fees
- $554.78 / month · verified
- Parking
- Level A · Unit 71
- Locker
- Level A · Unit 216
- Reserve fund balance
- $1,383,417.21 reported as of Apr. 30, 2026
- Annual reserve contribution
- $257,853 reported
- Property management
- FirstService Residential
- PIC legal disclosure
- No current legal action or outstanding judgments reported
Test your own assumptions
Interactive Investment Calculator
Change rent, expenses and financing inputs to see the estimated impact in real time. Start with the self-managed base case or apply the illustrative professional-management allowance.
Editable assumptions
Estimated resultsBased on current inputs
Gross annual rent$26,400
Effective gross income$25,872
NOI$15,351
Cap rate3.07%
Mortgage payment$0.00 / mo.
Annual debt service$0
Pre-tax cash flow$15,351
Cash-on-cash return3.07%
Management is calculated as a percentage of effective gross income. The mortgage estimate uses the Canadian fixed-rate convention of nominal semi-annual compounding and monthly payments. Cash-on-cash return uses down payment only and excludes closing costs, income tax, capital improvements and sale costs. Results are illustrative, not financial advice. The starting view uses a cash-purchase assumption; financing inputs remain fully editable.
See the property behind the numbers
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Investor next step
Want the Full Investment Package?
Request the available property materials, supporting assumptions and an opportunity to discuss how this condominium may fit your investment plan.
