
309- 1070 Progress Road, Toronto E11
Toronto E11
$499,000
Cash flow, cap rate & mortgage breakdown
Enter your email to unlock them right here.
Free forever. No credit card. Unsubscribe anytime.
Listed by UNION CAPITAL REALTY
Investment Analysis
Key Facts
Type
Condo Townhouse
Bedrooms
2
Bathrooms
2
Days on Market
36
Price Drop
4%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$1,950/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to Orchid Place! This bright and beautifully maintained 2-bedroom, 2-bathroom townhouse offers 1,008 sq. ft. of stylish, carpet-free living space in a vibrant and growing Scarborough community. Boasting a desirable west-facing exposure, this sun-filled home is filled with natural light throughout the day, creating a warm and inviting atmosphere. The functional open-concept layout features spacious principal rooms, modern finishes, and elegant hardwood staircases that add character and sophistication throughout the home. Designed for comfortable everyday living and effortless entertaining, the living and dining areas flow seamlessly together, while the well-appointed kitchen offers both functionality and style. A standout feature is the private rooftop terrace, providing the perfect outdoor retreat to relax, entertain guests, or take in beautiful sunset views. Complete with one underground parking space and a locker for additional storage, this home offers both convenience and practicality. Ideally located beside a newly built park and just minutes from transit, shopping, restaurants, schools, Centennial College, the University of Toronto Scarborough campus, Scarborough Town Centre, and Highway 401, this move-in-ready property presents an exceptional opportunity for first-time buyers, professionals, downsizers, or investors seeking modern urban living in a highly connected neighbourhood.
MississaugaInvestor.ca
309- 1070 Progress Road
Condo Townhouse · 2bd/2ba · ~1,100 sqft
$499,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.74%
Monthly Cash Flow
-$1,574/mo
Estimated Rent
$1,950/mo
Cash-on-Cash
-17.29%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,950 |
| Mortgage | −$2,297 |
| Property Tax | −$395 |
| Insurance | −$225 |
| Condo Fee | −$509 |
| Vacancy (5%) | −$98 |
| Cash Flow | -$1,574/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$23,400 |
| Vacancy (5%) | −$1,170 |
| Property Tax | −$4,741 |
| Insurance | −$2,700 |
| Condo Fee | −$6,108 |
| Annual NOI | $8,681 |
| Cap Rate | 1.74% |
Cash Required to Close
| Down Payment (20%) | $99,800 |
| Ontario Land Transfer Tax | $6,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $109,255 |
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
Get the Full Cash-Flow Report
A one-page PDF: cap rate, cash flow, mortgage breakdown, NOI and total cash to close — all assumptions in one printable summary.
Also unlocks cap rate, sold comps & mortgage detail.