2906- 36 Lee Centre Drive, Toronto E09
Toronto E09
$450,000
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX REALTRON REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
1
Days on Market
9
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$1,900/mo
Estimated from market price-to-rent ratios
Remarks
Luxury Ellipse Condo! Bright & Sunny Corner Unit W/ Fabulous Unobstructed South East View! Freshly Painted & Laminte Floors Throughout! 2 Bedrooms W/ 2 Side By Side Parking Spots! Open Concept Kitchen W/ Porcelain Tiles! Just Off Hwy 401 & Mins Away From Scarborough Town Centre & TTC Subway! Steps To TTC Bus As Well! Mins Away From Centennial College & Close To University Of Toronto Scarborough! Nicely Maintained Complex! Lots Of Visitors Parking!
MississaugaInvestor.ca
2906- 36 Lee Centre Drive
Condo Apartment · 2bd/1ba · ~650 sqft
$450,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.67%
Monthly Cash Flow
-$1,443/mo
Estimated Rent
$1,900/mo
Cash-on-Cash
-17.58%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,900 |
| Mortgage | −$2,071 |
| Property Tax | −$356 |
| Insurance | −$225 |
| Condo Fee | −$596 |
| Vacancy (5%) | −$95 |
| Cash Flow | -$1,443/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$22,800 |
| Vacancy (5%) | −$1,140 |
| Property Tax | −$4,275 |
| Insurance | −$2,700 |
| Condo Fee | −$7,152 |
| Annual NOI | $7,533 |
| Cap Rate | 1.67% |
Cash Required to Close
| Down Payment (20%) | $90,000 |
| Ontario Land Transfer Tax | $5,475 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $98,475 |
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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