Detached link home in Whitby's Taunton North with separate basement entrance and in-law potential
A 3-bed, 3-bath detached link home in Whitby's Taunton North community, listed at $779,000 with a separate basement entrance that offers future secondary-suite potential. At current financing assumptions, the property requires substantial equity to reach positive monthly carry.
Anatoli Chtcherbatov
Analyst · Sutton Group Admiral Realty
List price
$779,000
Cap rate
+2.32%
Est. monthly rent
$2,850
Source: comparables_widened
Est. net spread
+$176K
6mo hold
Annualized ROI
+45%
preliminary
Section · Why this passed our floor
What lifts the math here
Current cap
2.32% on the existing single-unit rent. The thesis is the income uplift after the conversion is complete, not today's number.
Projected post-conversion spread
$176,018 estimated over a 6-month hold using default market reno costs and the underwritten rent source.
Recommended leverage
75% down to reach neutral or positive carry during the conversion window.
Rent backed by
Estimate sourced from city-wide comparables, not a CMHC fallback.
Every property published on 6Yield clears a multi-stage screen — universal financial floor, per-tier quality gate, and an editorial review on listing evidence. These bullets summarize the specific facts that cleared this property’s tier. Estimates only; not financial advice.
Fix-and-flip projection
The spread, before the buy-and-hold math.
Preliminary · adjust scope & uplift
Renovation scope
Projection
Preliminary estimate. Renovation costs use 6Yield default per-sqft figures. Post-renovation value is modeled as a multiple of list price — replace with comparable post-renovation sales for higher precision. Carrying costs include property tax, condo fees if any, and insurance; financing costs not yet modeled.
Section · Buy-and-hold backup
If you held instead. The carrying math, side by side.
Each column shows the actual monthly cash flow and cash-on-cash return at that leverage. Click a column for the full breakdown.
Acquisition
| Down payment | $272,650 |
| Mortgage principal | $506,350 |
| Land transfer tax | $11,685 |
| Closing costs | $11,685 |
| Total acquisition | $296,020 |
Monthly cash flow
| Estimated rent | +$2,850 |
| Operating expenses | -$1,344 |
| Mortgage payment | -$2,957 |
| Net cash flow | -$1,451/mo |
Expense breakdown
| Property tax | $0/mo |
| Vacancy allowance | $143/mo |
| Maintenance reserve | $649/mo |
| Insurance | $325/mo |
| Property management | $228/mo |
Calculated at 4.99% mortgage over 25 years. Rent estimated from comparable rentals (n=20).
Breakeven
This property turns cash-flow positive at 66.9% down.
Run your own scenario
Move the assumptions. See the math live.
Live result
All figures are estimates only and do not constitute financial advice. The sliders use the same math as the locked five-scenario calculator; only assumptions change. Total acquisition includes the down payment, land transfer tax ($11,685), and closing costs ($11,685).
Section · Investment Thesis
Why this property.
This Taunton North property is a 3-bedroom, 3-bathroom detached link home listed at $779,000. The primary investor angle is the separate basement entrance, which the listing describes as offering "excellent in-law suite potential or future income opportunity." Combined with proximity to highways, schools, and shopping (described as less than 6 minutes away), the asset fits an end-user or multigenerational buyer better than a pure rental play at today's financing costs.
On the leverage-agnostic numbers, estimated gross annual rent is $34,200 and estimated annual NOI is $18,069, producing an estimated cap rate of 2.32% and an estimated gross yield of 4.39%. Estimated monthly expenses total $1,344.25 before debt service, with no condo maintenance fees and property tax modeled at zero (flag this assumption in due diligence; Whitby detached homes carry real tax obligations that should be confirmed against the MPAC assessment).
Leverage sensitivity is high. At 20% down ($155,800), the estimated monthly cash flow is -$2,133.79 with a cash-on-cash return of -14.29%. At 35% down, estimated monthly cash flow improves to -$1,451.37 (-5.88% cash-on-cash). At 50% down, it remains negative at -$768.96 per month (-2.23%). The property only crosses into positive territory at 75% down, with estimated monthly cash flow of +$368.40 and a 0.73% cash-on-cash return. A full cash purchase produces an estimated +$1,505.75 monthly and a 2.25% cash-on-cash return. The minimum recommended down payment for neutral-to-positive carry is therefore 75%.
Given the negative carry across conventional leverage scenarios, this property reads as a long-hold suburban detached play (60+ months) where the working thesis depends on Durham Region appreciation, end-user demand in a family neighborhood, and the optionality of a secondary suite to lift rental income beyond the single-unit comparable rent of $2,850 per month. Investors targeting cash-on-cash yield from day one should underwrite carefully; buyers with substantial equity or families using the in-law layout are the more natural fit.
Key features
- 3 bedrooms, 3 bathrooms in a detached link configuration
- Primary bedroom with private ensuite
- Separate basement entrance enabling in-law suite or secondary-unit conversion
- Landscaped backyard with hot tub hookup
- Less than 6 minutes to major highways, shopping, parks, and schools per listing
- First time offered on the market, described as well-maintained
Original MLS description
First time offered on the market!! This beautifully maintained link home is located in one ofWhitby's most sought-after family communities. Immaculate throughout and showcasing true pride of ownership, this home offers the perfect blend of comfort, functionality, and location. This rare gem features a bright and well-designed layout with 3 spacious bedrooms and 3 bathrooms, including a generous primary bedroom complete with a private ensuite. The living spaces are filled with natural light and provide an easy, practical flow ideal for everyday living. A separate basement entrance adds excellent in-law suite potential or future income opportunity, offering flexibility for multigenerational families or investors. Outside, enjoy a beautifully landscaped backyard with a hot tub hookup-perfect for relaxing or entertaining in a private setting. Conveniently located less than 6 minutes to major highways, shopping, parks, and top-rated schools, this home offers both lifestyle and accessibility in equal measure. A rare opportunity in a highly desirable neighbourhood-don't miss this opportunity to own a true Gem (42897678)
Section · Neighborhood
Where it sits.
Taunton North
Taunton North is one of Whitby's established family neighborhoods, characterized by detached and link housing, public and Catholic schools, and easy access to Highways 407, 412, and 401 via Brock Street and Garden Street corridors. The listing notes major highways, shopping, parks, and top-rated schools are less than 6 minutes away, which supports stable end-user demand from families relocating within Durham Region.
Durham Region continues to benefit from GTA spillover demand and ongoing transit and highway investment. For a buy-and-hold investor, the suburban detached segment in Whitby has historically tracked broader GTA appreciation cycles, though near-term performance depends on interest-rate trajectory and resale absorption.
Section · Risk
What could go wrong.
Honest framing of unknowns, assumptions, and downside scenarios.
High leverage sensitivity: estimated cash flow is negative at 20%, 35%, and 50% down scenarios and only turns positive at 75% down or higher
Property tax is modeled at $0 in the supplied financials; actual Whitby municipal taxes will materially reduce NOI and must be verified before underwriting
Listed square footage of 102 appears to be a data error and should be verified; this affects price-per-square-foot benchmarking
Cap rate of 2.32% is below typical financing costs at the modeled 4.99% mortgage rate, creating negative leverage in conventionally financed scenarios
Rent estimate of $2,850 is based on comparables and does not account for potential uplift from converting the basement to a legal secondary suite, which would require permits and capital expenditure
No recent sold comparables provided, limiting confidence in resale valuation