511- 330 McCowan Road, Toronto E08
Toronto E08
$399,000
Cash flow, cap rate & mortgage breakdown
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Listed by LUXURY HOMES WORLD INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
3
Bathrooms
2
Days on Market
21
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,150/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to this bright and well designed 2 bedroom plus den condominium offering 2 full bathrooms and an abundance of natural light. The spacious primary bedroom includes a walk in closet, a private ensuite, and direct access to the balcony. The versatile den is perfect for a home office, guest room, or study area. Upgrades include stainless steel kitchen appliances, luxury vinyl flooring, baseboards, a quartz kitchen countertop, and fresh paint throughout, creating a modern, move in ready space. Ideally situated close to schools, TTC, the GO Station, and the future Eglinton LRT, this home offers excellent convenience for commuters and families alike. Residents can enjoy fantastic building amenities, including a fitness centre and indoor swimming pool. One underground parking space and one locker are included.
MississaugaInvestor.ca
511- 330 McCowan Road
Condo Apartment · 3bd/2ba · ~1,100 sqft
$399,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.02%
Monthly Cash Flow
-$1,167/mo
Estimated Rent
$2,150/mo
Cash-on-Cash
-16.05%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,150 |
| Mortgage | −$1,837 |
| Property Tax | −$316 |
| Insurance | −$225 |
| Condo Fee | −$831 |
| Vacancy (5%) | −$108 |
| Cash Flow | -$1,167/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$25,800 |
| Vacancy (5%) | −$1,290 |
| Property Tax | −$3,791 |
| Insurance | −$2,700 |
| Condo Fee | −$9,972 |
| Annual NOI | $8,047 |
| Cap Rate | 2.02% |
Cash Required to Close
| Down Payment (20%) | $79,800 |
| Ontario Land Transfer Tax | $4,460 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $87,260 |
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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