
139 Tower Drive, Toronto E04
Toronto E04
$899,900
Cash flow, cap rate & mortgage breakdown
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Listed by SKYBOUND REALTY
Investment Analysis
Key Facts
Type
Detached
Bedrooms
4
Bathrooms
2
Days on Market
129
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Finished Basement
Rent Estimate
$3,200/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to 139 Tower Drive - a meticulously maintained and lovingly cared for 3+1 bedroom, 2 bathroom bungalow in a sought-after, family-friendly neighbourhood. Pride of ownership shines throughout, with refinished hardwood floors, fresh paint in every room, and an updated main floor bathroom with modern finishes. The spacious, freshly carpeted lower level features a large open living area, a separate bedroom, and a full bathroom - perfect for a nanny suite, in-law accommodations, future income potential, or simply extra living space for the family. The exterior has been impeccably cared for over the years, maintaining both curb appeal and character. The private backyard includes two handy storage sheds and backs onto Buchanan Public School (JK-8) along with the adjoining park and updated playground - a huge plus for families, and no rear neighbours! This coveted location feeds into Wexford Collegiate School for the Arts, offers easy access to transit, shopping and dining, and is rooted in a quiet, family-oriented community. A truly charming property that stands out for its exceptional condition, thoughtful upkeep, and ideal location. This one is not to be missed.
MississaugaInvestor.ca
139 Tower Drive
Detached · 4bd/2ba · ~900 sqft
$899,900
Cash-Flow Report · July 31, 2026
Cap Rate
1.8%
Monthly Cash Flow
-$2,789/mo
Estimated Rent
$3,200/mo
Cash-on-Cash
-16.95%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,200 |
| Mortgage | −$4,142 |
| Property Tax | −$712 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$750 |
| Vacancy (5%) | −$160 |
| Cash Flow | -$2,789/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$38,400 |
| Vacancy (5%) | −$1,920 |
| Property Tax | −$8,549 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$8,999 |
| Annual NOI | $16,232 |
| Cap Rate | 1.8% |
Cash Required to Close
| Down Payment (20%) | $179,980 |
| Ontario Land Transfer Tax | $14,473 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $197,453 |
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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