303- 117 McMahon Drive, Toronto C15
Toronto C15
$560,000
Cash flow, cap rate & mortgage breakdown
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Listed by BAY STREET INTEGRITY REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
34
Price Drop
5%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,000/mo
Estimated from market price-to-rent ratios
Remarks
Client RemarksSun-Filled South-West Corner Unit | Oversized Layout | 9-Ft Ceilings | Move-in ready 2-bedroom, 2-bathroomcondo in a premiumcorner suite with 818 sq.ft. of interior space + a 152 sq.ft. balcony. This residence offers an ideal opportunity for first-timebuyers, investors, orend-users, Located in a fast-growing, environmentally focused, familyfriendlycommunity by Concord in North York's next hotspot. Enjoyunmatched convenience with grocery stores, top restaurants, subwaystations, and community centres all within a 10-minute walk. Quick accessto Hwy 401 and the DVP. Inside, you'll find a bright and spaciousopen-concept layout with floor-to-ceiling windows that flood the unit with naturallight. The modern kitchen features built-in stainless steelappliances and sleek quartz countertops. Both bedrooms are generously sized, with theprimary bedroom offering a large closet and a 4-piecespa-like ensuite with marble floors and walls. Building Amenities Include: Pet Spa,Basketball & Tennis Courts, Car Wash, BBQ Area, Fully Equipped Gym This unit is in pristine, move-in condition-no upgrades needed. Just move inand enjoy.
MississaugaInvestor.ca
303- 117 McMahon Drive
Condo Apartment · 2bd/2ba · ~850 sqft
$560,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.07%
Monthly Cash Flow
-$2,080/mo
Estimated Rent
$2,000/mo
Cash-on-Cash
-20.35%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,000 |
| Mortgage | −$2,578 |
| Property Tax | −$443 |
| Insurance | −$225 |
| Condo Fee | −$734 |
| Vacancy (5%) | −$100 |
| Cash Flow | -$2,080/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$24,000 |
| Vacancy (5%) | −$1,200 |
| Property Tax | −$5,320 |
| Insurance | −$2,700 |
| Condo Fee | −$8,808 |
| Annual NOI | $5,972 |
| Cap Rate | 1.07% |
Cash Required to Close
| Down Payment (20%) | $112,000 |
| Ontario Land Transfer Tax | $7,675 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $122,675 |
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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