1610- 89 Skymark Drive, Toronto C15
Toronto C15
$779,800
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX HALLMARK REALTY LTD.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
3
Bathrooms
2
Days on Market
95
Price Drop
3%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,550/mo
Estimated from market price-to-rent ratios
Remarks
Luxury lifestyle at Tridel The Excellence enjoy outstanding amenities indoor and outdoor pools whirlpool, 24hr. security & Gatehouse BBQ area, plenty of visitors parking. state of the art fitness centre Panoramic view of North/west 1385 Sq.Ft. open concept, with hardwood floors throughout, Den can be a third Bedroom or an office ,unmatched location steps to TTC, Fairview Mall , Subway, easy access to 404,401,407, public and Catholic schools, Seneca college, parks,
MississaugaInvestor.ca
1610- 89 Skymark Drive
Condo Apartment · 3bd/2ba · ~1,300 sqft
$779,800
Cash-Flow Report · July 31, 2026
Cap Rate
0.74%
Monthly Cash Flow
-$3,109/mo
Estimated Rent
$2,550/mo
Cash-on-Cash
-21.81%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,550 |
| Mortgage | −$3,589 |
| Property Tax | −$617 |
| Insurance | −$225 |
| Condo Fee | −$1,100 |
| Vacancy (5%) | −$128 |
| Cash Flow | -$3,109/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$30,600 |
| Vacancy (5%) | −$1,530 |
| Property Tax | −$7,408 |
| Insurance | −$2,700 |
| Condo Fee | −$13,200 |
| Annual NOI | $5,762 |
| Cap Rate | 0.74% |
Cash Required to Close
| Down Payment (20%) | $155,960 |
| Ontario Land Transfer Tax | $12,071 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $171,031 |
Assumptions: 20% down · 4.89% rate · 25yr amort · Canadian semi-annual compounding · $225/mo insurance · maintenance reserve = greater of 8% of rent or 1% of value/yr (condo fee replaces it) · 5% vacancy · rent estimated from neighbourhood MLS comps. All figures are estimates — verify with a licensed professional before making an investment decision.
Prepared by Hamza Nouman · RECO-registered Investor Specialist · 647-609-1289 · hamza@nouman.ca · MississaugaInvestor.ca
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