2917- 121 McMahon Drive, Toronto C15
Toronto C15
$599,000
Cash flow, cap rate & mortgage breakdown
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Listed by CENTURY 21 KENNECT REALTY
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
3
Bathrooms
2
Days on Market
2
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,350/mo
Estimated from market price-to-rent ratios
Remarks
Beautiful, Bright Corner 2-Bedroom Suite offering an excellent layout and abundant natural light. Includes one premium parking space. Enjoy Resort inspired Amenities, Hot Tubs, Sauna, Gym, Party Lounge, Guest Suites, 24Hr. Concierge & Rooftop Garden. Steps To Go Transit, Hwy 404/404/DVP, North York General, IKEA.
MississaugaInvestor.ca
2917- 121 McMahon Drive
Condo Apartment · 3bd/2ba · ~950 sqft
$599,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.45%
Monthly Cash Flow
-$2,033/mo
Estimated Rent
$2,350/mo
Cash-on-Cash
-18.59%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,350 |
| Mortgage | −$2,757 |
| Property Tax | −$474 |
| Insurance | −$225 |
| Condo Fee | −$809 |
| Vacancy (5%) | −$118 |
| Cash Flow | -$2,033/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$28,200 |
| Vacancy (5%) | −$1,410 |
| Property Tax | −$5,691 |
| Insurance | −$2,700 |
| Condo Fee | −$9,708 |
| Annual NOI | $8,691 |
| Cap Rate | 1.45% |
Cash Required to Close
| Down Payment (20%) | $119,800 |
| Ontario Land Transfer Tax | $8,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $131,255 |
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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