UPH 03- 8 Rean Drive, Toronto C15
Toronto C15
$1,580,000
Cash flow, cap rate & mortgage breakdown
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Listed by SUTTON GROUP REALTY SYSTEMS INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
4
Bathrooms
3
Days on Market
2
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$3,700/mo
Estimated from market price-to-rent ratios
Remarks
Experience elevated living in this 1931 sq ft corner penthouse at New York Towers, a true "bungalow in the sky" featuring soaring ceilings, an open and flowing layout, two spacious bedrooms with private ensuites, an opened up sitting room, and a large den that functions as a third bedroom; the expansive open-concept kitchen offers abundant storage and new stainless steel appliances, while south-facing panoramic views and two generous open-air terraces provide exceptional natural light and rare private outdoor space; perfectly located steps from Bayview Village and the subway, this residence offers an effortless lock-and-leave lifestyle with 24-hour concierge service and all utilities included in the maintenance fees, plus exclusive access to the Liberty Club's indoor pool, fitness centre, and virtual golf; complete with two premium parking spaces and a private locker, this penthouse delivers luxury, scale, and convenience for the discerning buyer.
MississaugaInvestor.ca
UPH 03- 8 Rean Drive
Condo Apartment · 4bd/3ba · ~1,900 sqft
$1,580,000
Cash-Flow Report · July 31, 2026
Cap Rate
-0.11%
Monthly Cash Flow
-$7,414/mo
Estimated Rent
$3,700/mo
Cash-on-Cash
-25.63%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,700 |
| Mortgage | −$7,273 |
| Property Tax | −$1,251 |
| Insurance | −$225 |
| Condo Fee | −$2,180 |
| Vacancy (5%) | −$185 |
| Cash Flow | -$7,414/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$44,400 |
| Vacancy (5%) | −$2,220 |
| Property Tax | −$15,010 |
| Insurance | −$2,700 |
| Condo Fee | −$26,160 |
| Annual NOI | $-1,690 |
| Cap Rate | -0.11% |
Cash Required to Close
| Down Payment (20%) | $316,000 |
| Ontario Land Transfer Tax | $28,075 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $347,075 |
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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