
3609- 121 Mcmahon Drive, Toronto C15
Toronto C15
$799,000
Cash flow, cap rate & mortgage breakdown
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Listed by HOMELIFE BROADWAY REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
3
Bathrooms
2
Days on Market
4
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,550/mo
Estimated from market price-to-rent ratios
Remarks
Location, location, location! This corner-unit penthouse sits in one of North York's best neighborhoods-Park Place. It stands out from the rest. From your home, you can see the whole central park place and, on the south side, the CN Tower. Inside, you'll love the 10-foot ceilings. The space feels open and airy. With 968 square feet inside plus a 152-square-foot balcony, there's plenty of room to relax. The balcony faces the sunset-perfect for evening drinks while watching the park and children playing below. This home has 2 bedrooms, a den, and 2 bathrooms (one ensuite). Floor-to-ceiling windows let in lots of natural light. The open layout feels both stylish and cozy for everyday life. The kitchen comes with upgraded cabinets, and the den is big enough for two desks-ideal if you work from home. The building offers great extras: a fitness room, sauna, garden terrace, and many visitor parking. The location is hard to beat. You're just steps from the subway, buses, the GO station, community center, schools, library, parks, and shops. Highways 401 and 404 are close by. IKEA, Canadian Tire, restaurants, Bayview Village, and Fairview Mall are all just minutes away. This home gives you the best of city living-comfort, convenience, and style. Come to see it and believe
MississaugaInvestor.ca
3609- 121 Mcmahon Drive
Condo Apartment · 3bd/2ba · ~950 sqft
$799,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.05%
Monthly Cash Flow
-$2,982/mo
Estimated Rent
$2,550/mo
Cash-on-Cash
-20.42%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,550 |
| Mortgage | −$3,678 |
| Property Tax | −$633 |
| Insurance | −$225 |
| Condo Fee | −$868 |
| Vacancy (5%) | −$128 |
| Cash Flow | -$2,982/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$30,600 |
| Vacancy (5%) | −$1,530 |
| Property Tax | −$7,591 |
| Insurance | −$2,700 |
| Condo Fee | −$10,416 |
| Annual NOI | $8,363 |
| Cap Rate | 1.05% |
Cash Required to Close
| Down Payment (20%) | $159,800 |
| Ontario Land Transfer Tax | $12,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $175,255 |
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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