712- 115 Mcmahon Drive, Toronto C15
Toronto C15
$499,000
Cash flow, cap rate & mortgage breakdown
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Listed by HOMELIFE EXCELSIOR REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
1
Days on Market
16
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$1,950/mo
Estimated from market price-to-rent ratios
Remarks
Omega Condo, by Concord, is wonderful with modern finishing throughout. This 618 Sq Ft. 1bedroom plus 1 den layout is spacious with an additional 168 sq. ft. balcony. One parking and one locker included. 9 Foot ceilings with large floor-to-ceiling windows in the living area and bedroom allows for plenty of sunlight. Large Open concept den can be used as a bedroom. Quartz Countertop with integrated stove, microwave, dishwasher, and fridge. Close to Hwy401/404, Fairview Mall, Ikea, Starbucks, Bayview Village, Hospital, and subway station. Amazing amenities includes basketball court, bowling alley, tennis court, swimming pool, lounge, meeting room, BBQ and picnic area.
MississaugaInvestor.ca
712- 115 Mcmahon Drive
Condo Apartment · 2bd/1ba · ~650 sqft
$499,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.51%
Monthly Cash Flow
-$1,669/mo
Estimated Rent
$1,950/mo
Cash-on-Cash
-18.33%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,950 |
| Mortgage | −$2,297 |
| Property Tax | −$395 |
| Insurance | −$225 |
| Condo Fee | −$604 |
| Vacancy (5%) | −$98 |
| Cash Flow | -$1,669/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$23,400 |
| Vacancy (5%) | −$1,170 |
| Property Tax | −$4,741 |
| Insurance | −$2,700 |
| Condo Fee | −$7,248 |
| Annual NOI | $7,541 |
| Cap Rate | 1.51% |
Cash Required to Close
| Down Payment (20%) | $99,800 |
| Ontario Land Transfer Tax | $6,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $109,255 |
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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