715- 38 Dan Leckie Way, Toronto C01
Toronto C01
$575,000
Cash flow, cap rate & mortgage breakdown
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Listed by FIRST CLASS REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
1
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,000/mo
Estimated from market price-to-rent ratios
Remarks
Concord City Place 1+1 Unit With One Parking And One Locker. Bright And Spacious, Bedroom and Den Split Layout. New Painting Whole Unit, New Kitchen CounterTop. New Pot Lights. Closed To CN Tower And Rogers Centre, Loblaw. 8 Acre Park. One Street Car To Union Station. Some Photos Are Virtual Staging.
MississaugaInvestor.ca
715- 38 Dan Leckie Way
Condo Apartment · 2bd/1ba · ~650 sqft
$575,000
Cash-Flow Report · August 2, 2026
Cap Rate
1.56%
Monthly Cash Flow
-$1,898/mo
Estimated Rent
$2,000/mo
Cash-on-Cash
-18.08%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,000 |
| Mortgage | −$2,647 |
| Property Tax | −$455 |
| Insurance | −$225 |
| Condo Fee | −$471 |
| Vacancy (5%) | −$100 |
| Cash Flow | -$1,898/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$24,000 |
| Vacancy (5%) | −$1,200 |
| Property Tax | −$5,463 |
| Insurance | −$2,700 |
| Condo Fee | −$5,652 |
| Annual NOI | $8,985 |
| Cap Rate | 1.56% |
Cash Required to Close
| Down Payment (20%) | $115,000 |
| Ontario Land Transfer Tax | $7,975 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $125,975 |
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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