
508- 12 Rean Drive, Toronto C15
Toronto C15
$699,000
Cash flow, cap rate & mortgage breakdown
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Listed by ROYAL LEPAGE SIGNATURE REALTY
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
3
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,150/mo
Estimated from market price-to-rent ratios
Remarks
Luxurious lifestyle, with hotel like amenities in the heart of Bayview village. Welcome to this generously sized 1,167 sq. ft. suite, offering a well-designed split floor plan, this two-bedroom, two-bathroom home provides excellent separation of space and privacy ideal for professionals, or downsizers alike. Located in a quiet, well-maintained building known for its mature and respectful resident community, and high owner occupancy, this unit offers a peaceful living environment while still being close to everything Bayview Village has to offer, including shopping, dining, parks, and transit.The large, functional layout allows for comfortable furniture placement and flexible living, whether you're entertaining guests or enjoying quiet nights in. Both bedrooms are generously sized, with the primary suite offering a private ensuite bath, while the second bedroom, which is perfect for guests or a home office, sits conveniently near the main bathroom. This home also includes one parking spot and one locker, adding valuable convenience and storage. Residents enjoy the use of the facilities at Amica, which include: Fitness centre, pool, bus trips, meet and greet organized by the social committee, coffee time, events for residents, exercise classes and more! Residents can also use the dining room at Amica for a fee. (up to three times per week) 12 Rean has an event space, private garden, theatre, lounge, visitor parking.
MississaugaInvestor.ca
508- 12 Rean Drive
Condo Apartment · 2bd/2ba · ~1,100 sqft
$699,000
Cash-Flow Report · July 31, 2026
Cap Rate
0.32%
Monthly Cash Flow
-$3,030/mo
Estimated Rent
$2,150/mo
Cash-on-Cash
-23.73%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,150 |
| Mortgage | −$3,217 |
| Property Tax | −$553 |
| Insurance | −$225 |
| Condo Fee | −$1,077 |
| Vacancy (5%) | −$108 |
| Cash Flow | -$3,030/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$25,800 |
| Vacancy (5%) | −$1,290 |
| Property Tax | −$6,641 |
| Insurance | −$2,700 |
| Condo Fee | −$12,924 |
| Annual NOI | $2,245 |
| Cap Rate | 0.32% |
Cash Required to Close
| Down Payment (20%) | $139,800 |
| Ontario Land Transfer Tax | $10,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $153,255 |
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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