22- 50 Verne Crescent, Toronto E11
Toronto E11
$699,000
Cash flow, cap rate & mortgage breakdown
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Listed by PSR
Investment Analysis
Key Facts
Type
Condo Townhouse
Bedrooms
3
Bathrooms
2
Days on Market
41
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,450/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to this beautifully updated three-storey condo townhome nestled in a desirable Scarborough community. Bright, spacious, and thoughtfully designed, this home features an open-concept layout that is both functional and inviting.The fully renovated kitchen showcases upgraded quartz countertops and modern finishes, seamlessly flowing into the living and dining areas, perfect for both everyday living and entertaining. The living room is highlighted by soaring vaulted ceilings and a cozy gas fireplace, creating a warm and airy atmosphere filled with natural light. This meticulously maintained home also offers updated washrooms and a newer roof with the option to add a skylight for even more natural light. Located in a well managed and quiet complex, this property is conveniently located close to parks, schools, shopping, transit, major highways, and the world-renowned Toronto Zoo. An excellent opportunity for first-time home buyers, down-sizers, or investors seeking a move-in-ready home in a fantastic location. Just move in and enjoy!
MississaugaInvestor.ca
22- 50 Verne Crescent
Condo Townhouse · 3bd/2ba · ~1,300 sqft
$699,000
Cash-Flow Report · August 2, 2026
Cap Rate
1.97%
Monthly Cash Flow
-$2,069/mo
Estimated Rent
$2,450/mo
Cash-on-Cash
-16.2%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,450 |
| Mortgage | −$3,217 |
| Property Tax | −$553 |
| Insurance | −$225 |
| Condo Fee | −$401 |
| Vacancy (5%) | −$123 |
| Cash Flow | -$2,069/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$29,400 |
| Vacancy (5%) | −$1,470 |
| Property Tax | −$6,641 |
| Insurance | −$2,700 |
| Condo Fee | −$4,812 |
| Annual NOI | $13,777 |
| Cap Rate | 1.97% |
Cash Required to Close
| Down Payment (20%) | $139,800 |
| Ontario Land Transfer Tax | $10,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $153,255 |
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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