510- 27 Rean Drive, Toronto C15
Toronto C15
$429,000
Cash flow, cap rate & mortgage breakdown
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Listed by PAUL ZAMMIT REAL ESTATE LTD.
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
$1,550/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to Merci Condos, a sought-after boutique mid-rise in the prestigious Bayview Village community. This beautifully updated suite features fresh paint, newer flooring, smooth ceilings, modern light fixtures, and kitchen fridge, stove and laundry appliances (2024). The bright, open-concept layout is complemented by a 4-piece bathroom, an oversized entry closet, separate laundry, and a private balcony. Enjoy premium amenities including a concierge, renovated lobby and hallways, rooftop terrace with BBQs, landscaped courtyard, fitness centre, party room, theatre, and games room. Just steps to Bayview Subway Station, Loblaws, Bayview Village Shopping Centre, the library, and minutes to Highway 401. An exceptional opportunity for first-time buyers, downsizers, or investors.
MississaugaInvestor.ca
510- 27 Rean Drive
Condo Apartment · 1bd/1ba · ~550 sqft
$429,000
Cash-Flow Report · July 31, 2026
Cap Rate
0.64%
Monthly Cash Flow
-$1,747/mo
Estimated Rent
$1,550/mo
Cash-on-Cash
-22.34%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,550 |
| Mortgage | −$1,975 |
| Property Tax | −$340 |
| Insurance | −$225 |
| Condo Fee | −$679 |
| Vacancy (5%) | −$78 |
| Cash Flow | -$1,747/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$18,600 |
| Vacancy (5%) | −$930 |
| Property Tax | −$4,076 |
| Insurance | −$2,700 |
| Condo Fee | −$8,148 |
| Annual NOI | $2,746 |
| Cap Rate | 0.64% |
Cash Required to Close
| Down Payment (20%) | $85,800 |
| Ontario Land Transfer Tax | $5,055 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $93,855 |
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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