710- 61 Town Centre Court, Toronto E09
Toronto E09
$579,900
Cash flow, cap rate & mortgage breakdown
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Listed by CENTURY 21 LEADING EDGE REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
3
Bathrooms
2
Days on Market
52
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,350/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to Tridel's Forest Vista in the heart of Scarborough! This spacious 3 bedroom, 2 bath unit is ready to be enjoyed this summer! Approximate 1028 square feet of space! Walk to STC, shops, schools, YMCA TTC, Hwy 401 easy access just 2 mins away, places of worship, parks close by! Enjoy privacy with a south facing forest view! Building amenities include indoor pool, party room, gym, theatre room, lots of outdoor parking YMCA. No need to drive, walking distance to everything. Lots of storage with locker and great parking.
MississaugaInvestor.ca
710- 61 Town Centre Court
Condo Apartment · 3bd/2ba · ~1,100 sqft
$579,900
Cash-Flow Report · July 31, 2026
Cap Rate
0.18%
Monthly Cash Flow
-$2,582/mo
Estimated Rent
$2,350/mo
Cash-on-Cash
-24.39%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,350 |
| Mortgage | −$2,669 |
| Property Tax | −$459 |
| Insurance | −$225 |
| Condo Fee | −$1,461 |
| Vacancy (5%) | −$118 |
| Cash Flow | -$2,582/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$28,200 |
| Vacancy (5%) | −$1,410 |
| Property Tax | −$5,509 |
| Insurance | −$2,700 |
| Condo Fee | −$17,532 |
| Annual NOI | $1,049 |
| Cap Rate | 0.18% |
Cash Required to Close
| Down Payment (20%) | $115,980 |
| Ontario Land Transfer Tax | $8,073 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $127,053 |
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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