523- 238 Bonis Avenue, Toronto E05
Toronto E05
$379,880
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX ROUGE RIVER REALTY LTD.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
1
Bathrooms
1
Days on Market
10
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$1,500/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to 238 Bonis Ave #523, a bright and well maintained 1 bedroom condo in the highly sought after Tam O'Shanter Sullivan neighbourhood of Scarborough. Offering 555 sq ft (MPAC) of thoughtfully designed living space, this suite is ideal for first time buyers, downsizers, or investors seeking exceptional value in a well connected community. Enjoy a functional layout with a spacious bedroom, a full 4 piece bathroom, and comfortable open concept living and dining areas. The unit includes 1 owned parking space and 1 locker, adding valuable convenience and storage. Maintenance fees include heat, water, air conditioning, and parking, making ownership both simple and cost effective. Residents enjoy an impressive selection of amenities including a private security gate, indoor swimming pool, exercise room, sauna, visitor parking, and bike storage. Ideally located near Kennedy Rd and Sheppard Ave E, with easy access to TTC transit, Highway 401, schools, places of worship, shopping, restaurants, and everyday amenities. Outdoor enthusiasts will appreciate being just minutes from Tam O'Shanter Golf Course, parks, and walking trails. A fantastic opportunity to own in one of Scarborough's most established and convenient condominium communities. Some photos in this listing have been virtually staged to illustrate the potential use of the space. Original unedited photos are also provided in the gallery.
MississaugaInvestor.ca
523- 238 Bonis Avenue
Condo Apartment · 1bd/1ba · ~550 sqft
$379,880
Cash-Flow Report · July 31, 2026
Cap Rate
1.29%
Monthly Cash Flow
-$1,340/mo
Estimated Rent
$1,500/mo
Cash-on-Cash
-19.34%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,500 |
| Mortgage | −$1,749 |
| Property Tax | −$301 |
| Insurance | −$225 |
| Condo Fee | −$490 |
| Vacancy (5%) | −$75 |
| Cash Flow | -$1,340/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$18,000 |
| Vacancy (5%) | −$900 |
| Property Tax | −$3,609 |
| Insurance | −$2,700 |
| Condo Fee | −$5,880 |
| Annual NOI | $4,911 |
| Cap Rate | 1.29% |
Cash Required to Close
| Down Payment (20%) | $75,976 |
| Ontario Land Transfer Tax | $4,173 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $83,149 |
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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