709- 115 Omni Drive, Toronto E09
Toronto E09
$515,000
Cash flow, cap rate & mortgage breakdown
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Listed by RIGHT AT HOME REALTY
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
3
Bathrooms
2
Days on Market
25
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,250/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to Suite 709 at 155 Omni Drive, a spacious 2+1 bedroom, 2 bathroom Tridel-built condo in Scarborough's sought-after Bendale community. This functional Toronto condo offers excellent space, a smart layout, and everyday convenience just minutes from Scarborough Town Centre, TTC transit, Highway 401, restaurants, parks, schools, the library, and the Scarborough Civic Centre. Ideal for first-time buyers, downsizers, or investors, this well-managed building features 24-hour gatehouse security, an indoor pool, fitness room, and on-site green space. Whether you are looking to move in or rent out, this Scarborough condo delivers location, value, and lifestyle in one of the area's most convenient communities.
MississaugaInvestor.ca
709- 115 Omni Drive
Condo Apartment · 3bd/2ba · ~1,100 sqft
$515,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.44%
Monthly Cash Flow
-$1,754/mo
Estimated Rent
$2,250/mo
Cash-on-Cash
-18.66%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,250 |
| Mortgage | −$2,370 |
| Property Tax | −$408 |
| Insurance | −$225 |
| Condo Fee | −$888 |
| Vacancy (5%) | −$113 |
| Cash Flow | -$1,754/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$27,000 |
| Vacancy (5%) | −$1,350 |
| Property Tax | −$4,893 |
| Insurance | −$2,700 |
| Condo Fee | −$10,656 |
| Annual NOI | $7,401 |
| Cap Rate | 1.44% |
Cash Required to Close
| Down Payment (20%) | $103,000 |
| Ontario Land Transfer Tax | $6,775 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $112,775 |
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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