
2008- 2 Rean Drive, Toronto C15
Toronto C15
$499,900
Cash flow, cap rate & mortgage breakdown
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Listed by EVOLVED REALTY
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
10
Price Drop
6%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$1,950/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to a charming 1plus 1 unit in Toronto's sought-after Bayview Village. Thoughtfully upgraded, this lower penthouse reimagines the original solarium by integrating it into a large, flexible bedroom space. The spacious bedroom now offers a serene retreat with a renovated 4-piece ensuite, complete with a jacuzzi bathtub. In addition, a separate den-enhanced with French doors-can easily serve as a second bedroom. With 9-foot ceilings and hardwood floors in living room and dining room, the home is bright and inviting with functional layouts. The kitchen has been upgraded with extra cabinets and new appliances , all bathroom fixtures have been replaced with new ones. The home is well-maintained, offering plenty of closet storage. Enjoy beautiful south-facing views that fill the space with natural light. Plus, you're just a short walk from Bayview Village's shops, restaurants, parks, and the Bayview subway station, making commuting effortless. With fantastic amenities-including an indoor pool, sauna, gym, and more, This is a fantastic opportunity to make this prime location your home. Parking and locker is very close to Elevator lobby. Maintenance fee includes all utilities :)This unit is bigger than all comparable units; Unit is 792sqf per mpac.(Seller added main solarium to the master bedroom to have a larger bedroom)
MississaugaInvestor.ca
2008- 2 Rean Drive
Condo Apartment · 2bd/2ba · ~750 sqft
$499,900
Cash-Flow Report · July 31, 2026
Cap Rate
0.86%
Monthly Cash Flow
-$1,942/mo
Estimated Rent
$1,950/mo
Cash-on-Cash
-21.29%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,950 |
| Mortgage | −$2,301 |
| Property Tax | −$396 |
| Insurance | −$225 |
| Condo Fee | −$872 |
| Vacancy (5%) | −$98 |
| Cash Flow | -$1,942/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$23,400 |
| Vacancy (5%) | −$1,170 |
| Property Tax | −$4,749 |
| Insurance | −$2,700 |
| Condo Fee | −$10,464 |
| Annual NOI | $4,317 |
| Cap Rate | 0.86% |
Cash Required to Close
| Down Payment (20%) | $99,980 |
| Ontario Land Transfer Tax | $6,473 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $109,453 |
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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