S309- 8 Olympic Garden Drive, Toronto C14
Toronto C14
$839,000
Cash flow, cap rate & mortgage breakdown
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Listed by HOMELIFE LANDMARK REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
3
Bathrooms
2
Days on Market
60
Price Drop
10%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,600/mo
Estimated from market price-to-rent ratios
Remarks
Brand new 3-bedroom unit from vendor. Eligible for HST rebate program! One parking and locker included in sale price. Tarion warranty coverage available. Move in ready. 5-minute walk to subway station. Perfect for multi-generation families. Property tax has not been assessed.
MississaugaInvestor.ca
S309- 8 Olympic Garden Drive
Condo Apartment · 3bd/2ba · ~1,100 sqft
$839,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.25%
Monthly Cash Flow
-$2,987/mo
Estimated Rent
$2,600/mo
Cash-on-Cash
-19.47%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,600 |
| Mortgage | −$3,862 |
| Property Tax | −$664 |
| Insurance | −$225 |
| Condo Fee | −$706 |
| Vacancy (5%) | −$130 |
| Cash Flow | -$2,987/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$31,200 |
| Vacancy (5%) | −$1,560 |
| Property Tax | −$7,971 |
| Insurance | −$2,700 |
| Condo Fee | −$8,472 |
| Annual NOI | $10,497 |
| Cap Rate | 1.25% |
Cash Required to Close
| Down Payment (20%) | $167,800 |
| Ontario Land Transfer Tax | $13,255 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $184,055 |
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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