306- 2 Rean Drive, Toronto C15
Toronto C15
$425,000
Cash flow, cap rate & mortgage breakdown
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Listed by ROYAL LEPAGE SIGNATURE REALTY
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
1
Bathrooms
1
Days on Market
31
Price Drop
2%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$1,550/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to The Waldorf by Daniels, part of the prestigious New York Towers community in Bayview Village. This bright one bedroom condo offers plenty of closet space, a private balcony, underground parking, storage locker, and monthly maintenance fees that include all utilities! The large windows bring in plenty of natural light, with serene views to the east & the surrounding treetops. The well laid-out floor plan offers open concept living, dining, and kitchen areas. The bright kitchen features stainless steel appliances, breakfast bar, tile backsplash, and double sink. Living room walk-out to private balcony. Primary bedroom with big windows & large walk-in closet. 4-piece bathroom with soaker tub/shower & vanity storage. New luxury vinyl plank flooring. Top it all off with a welcoming entrance/foyer, large coat closet, and in-suite laundry. Residents enjoy resort-inspired amenities, including access to the Liberty Club at 1 & 3 Rean Dr. Amenities include: 24hr concierge, gym w/ saunas, indoor pool, hot tub, multi-purpose room, billiards room, ping-pong room, virtual golf, children's playroom, residents office workspace, exterior courtyard with BBQ, guest suites, visitor parking, and access to free fitness classes (including yoga, zumba, tai chi, and aquafit). Tucked away in a quiet enclave & conveniently located across from the Bayview Village Shopping Centre. TTC access just around the corner: 5 min walk to Bayview Subway Station & Sheppard Ave bus routes. Close to all the boutique shops, cafés, restaurants, and grocery stores that Bayview Village has to offer: Loblaws, LCBO, Shoppers Drug Mart, Starbucks, Il Fornello, Ju-Raku, and much more. Plenty of nearby parks & green space: Rean Park right next door, Kenaston Gardens Parkette just around the corner, Bayview Village Park to the north, and the East Don Parkland & Betty Sutherland Trail at Sheppard & Leslie. A short stroll to the North York YMCA. Quick access to the DVP and Highways 401 & 404.
MississaugaInvestor.ca
306- 2 Rean Drive
Condo Apartment · 1bd/1ba · ~550 sqft
$425,000
Cash-Flow Report · July 31, 2026
Cap Rate
0.71%
Monthly Cash Flow
-$1,706/mo
Estimated Rent
$1,550/mo
Cash-on-Cash
-22.02%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,550 |
| Mortgage | −$1,956 |
| Property Tax | −$337 |
| Insurance | −$225 |
| Condo Fee | −$660 |
| Vacancy (5%) | −$78 |
| Cash Flow | -$1,706/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$18,600 |
| Vacancy (5%) | −$930 |
| Property Tax | −$4,038 |
| Insurance | −$2,700 |
| Condo Fee | −$7,920 |
| Annual NOI | $3,012 |
| Cap Rate | 0.71% |
Cash Required to Close
| Down Payment (20%) | $85,000 |
| Ontario Land Transfer Tax | $4,975 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $92,975 |
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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