
TH120- 38 Lee Centre Drive, Toronto E09
Toronto E09
$618,000
Cash flow, cap rate & mortgage breakdown
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Listed by CENTURY 21 LEADING EDGE REALTY INC.
Investment Analysis
Key Facts
Type
Condo Townhouse
Bedrooms
3
Bathrooms
2
Days on Market
107
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,400/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to this beautifully maintained, light-filled two-storey townhouse offering 2 bedrooms, a versatile den, 2 bathrooms, 1 parking space, and a locker. Complete with dual entrances: one through the condo lobby and another with direct street access, making this the ideal home for your everyday convenience! Situated in the heart of Scarborough, this townhouse features an open-concept living and dining area with soaring 10-foot ceilings, and expansive windows that frame serene park views with ample natural light. The modern kitchen is equipped with a breakfast bar, ideal for casual meals and entertaining! Freshly painted throughout. This home is move-in ready! Step outside to your private south-facing terrace. Perfect for relaxing or dining while enjoying the outdoors. Second floor is complete w/ 9-foot ceilings offering a bright, airy ambiance. Equipped with 2nd floor laundry for your added convenience. The spacious primary bedroom offers large windows and ample closet space, while the second bedroom is sun-drenched and inviting with its own closet and generous size window. Residents enjoy access to exceptional amenities, including a 24-hour concierge, fitness centre, indoor pool, guest suites, party and billiards rooms, visitor parking, and a rooftop terrace with BBQs. Unbeatable location. Just minutes to schools, parks, shops, restaurants, grocery stores, TTC, Scarborough Town Centre, Centennial College, University of Toronto, highway 401, and lots more! This is a must-see property! Don't miss this rare opportunity!
MississaugaInvestor.ca
TH120- 38 Lee Centre Drive
Condo Townhouse · 3bd/2ba · ~950 sqft
$618,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.13%
Monthly Cash Flow
-$2,264/mo
Estimated Rent
$2,400/mo
Cash-on-Cash
-20.06%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,400 |
| Mortgage | −$2,845 |
| Property Tax | −$489 |
| Insurance | −$225 |
| Condo Fee | −$985 |
| Vacancy (5%) | −$120 |
| Cash Flow | -$2,264/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$28,800 |
| Vacancy (5%) | −$1,440 |
| Property Tax | −$5,871 |
| Insurance | −$2,700 |
| Condo Fee | −$11,820 |
| Annual NOI | $6,969 |
| Cap Rate | 1.13% |
Cash Required to Close
| Down Payment (20%) | $123,600 |
| Ontario Land Transfer Tax | $8,835 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $135,435 |
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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