
2115- 85 McMahon Drive, Toronto C15
Toronto C15
$489,000
Cash flow, cap rate & mortgage breakdown
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Listed by PROMPTON REAL ESTATE SERVICES CORP.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
1
Bathrooms
1
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$1,600/mo
Estimated from market price-to-rent ratios
Remarks
Experience elevated living at Seasons Condominiums by Concord, one of North York's premier luxury residences. This bright and spacious one-bedroom suite offers 530 sq. ft. of thoughtfully designed interior space, complemented by an impressive 120 sq. ft. private balcony with unobstructed east-facing views from a high floor.The suite features upgraded custom lighting in both the living room and bedroom, creating a warm, modern, and inviting atmosphere. Floor-to-ceiling windows fill the home with natural light, while the open-concept layout is enhanced by premium contemporary finishes throughout.The designer kitchen is equipped with sleek cabinetry, elegant countertops, and built-in appliances, seamlessly connecting to the living and dining areas. The spa-inspired bathroom showcases sophisticated, high-end finishes for a refined and comfortable living experience.Ideally located within walking distance of Leslie and Bessarion Subway Stations, with Oriole GO Station nearby and convenient access to Highways 401, 404, and the DVP. Enjoy close proximity to Bayview Village, Fairview Mall, North York General Hospital, IKEA, restaurants, parks, and everyday conveniences.Residents enjoy access to the exceptional 80,000 sq. ft. Mega Club, featuring indoor and outdoor swimming pools, tennis and basketball courts, a bowling alley, fitness centre, dance studio, yoga facilities, and more-offering an unparalleled resort-inspired lifestyle in the heart of North York.
MississaugaInvestor.ca
2115- 85 McMahon Drive
Condo Apartment · 1bd/1ba · ~550 sqft
$489,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.05%
Monthly Cash Flow
-$1,821/mo
Estimated Rent
$1,600/mo
Cash-on-Cash
-20.41%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,600 |
| Mortgage | −$2,251 |
| Property Tax | −$387 |
| Insurance | −$225 |
| Condo Fee | −$478 |
| Vacancy (5%) | −$80 |
| Cash Flow | -$1,821/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$19,200 |
| Vacancy (5%) | −$960 |
| Property Tax | −$4,646 |
| Insurance | −$2,700 |
| Condo Fee | −$5,736 |
| Annual NOI | $5,158 |
| Cap Rate | 1.05% |
Cash Required to Close
| Down Payment (20%) | $97,800 |
| Ontario Land Transfer Tax | $6,255 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $107,055 |
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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