33 Neapolitan Drive, Toronto E09
Toronto E09
$899,000
Cash flow, cap rate & mortgage breakdown
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Listed by ROYAL LEPAGE SIGNATURE REALTY
Investment Analysis
Key Facts
Type
Detached
Bedrooms
5
Bathrooms
3
Days on Market
22
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Finished Basement
Rent Estimate
$3,450/mo
Estimated from market price-to-rent ratios
Remarks
Welcome To 33 Neapolitan Drive, A Beautifully Updated Bungalow Offering Modern Comfort, Functionality, And Income Potential In Scarborough's Sought After Bendale Community. Situated On A Premium 48 X 160 Ft Lot, This Move In Ready Home Features 3+2 Bedrooms, 3 Full Bathrooms, And A Rare Two Unit Basement Configuration Ideal For Extended Family Or Rental Income. The Bright Open Concept Main Floor Showcases Hardwood Flooring, Pot Lights, Contemporary One Panel Doors, And Custom Built Ins. The Renovated Kitchen, Completed In 2020, Features Quartz Countertops, Custom Cabinetry, And Black Stainless Steel Appliances, Seamlessly Connecting To The Living And Dining Areas. Recent Updates Include A Fully Renovated Main Bathroom And Updated Attic Insulation In 2026, Enhancing Comfort And Energy Efficiency, Plus New Roof Shingles In 2018. The Lower Level Offers Two Self Contained Living Spaces, Providing Exceptional Flexibility For Multi Generational Living Or Income Potential. Enjoy A Private Backyard With A Spacious Deck And Expansive Green Space Perfect For Entertaining Or Relaxing Outdoors. Conveniently Located Minutes From Scarborough Town Centre, Highway 401, TTC Transit, Shopping, And Dining. Families Will Appreciate The Elementary School At The End Of The Street And Nearby Thomson Memorial Park With Trails, Playgrounds, Splash Pads, And Recreation Facilities. Close To The Upcoming Scarborough Subway Extension, Offering Enhanced Connectivity And Long Term Value. A Rare Opportunity To Own A Fully Updated Home In One Of Scarborough's Most Convenient Family Friendly Neighbourhoods.
MississaugaInvestor.ca
33 Neapolitan Drive
Detached · 5bd/3ba · ~900 sqft
$899,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.12%
Monthly Cash Flow
-$2,547/mo
Estimated Rent
$3,450/mo
Cash-on-Cash
-15.49%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,450 |
| Mortgage | −$4,138 |
| Property Tax | −$712 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$749 |
| Vacancy (5%) | −$173 |
| Cash Flow | -$2,547/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$41,400 |
| Vacancy (5%) | −$2,070 |
| Property Tax | −$8,541 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$8,990 |
| Annual NOI | $19,099 |
| Cap Rate | 2.12% |
Cash Required to Close
| Down Payment (20%) | $179,800 |
| Ontario Land Transfer Tax | $14,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $197,255 |
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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