913- 8 Lee Centre Drive, Toronto E09
Toronto E09
$489,000
Cash flow, cap rate & mortgage breakdown
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Listed by DAN PLOWMAN TEAM REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
4
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$1,950/mo
Estimated from market price-to-rent ratios
Remarks
Welcome To This Sun-Filled, Spacious 2-Bedroom, 2-Bathroom Luxury Condo Offering The Perfect Blend Of Style, Comfort, And Unbeatable Convenience. With Approximately 900 Sq. Ft. Of Thoughtfully Designed Living Space, This Move-In-Ready Suite Features A Bright Open-Concept Layout, Elegant Laminate Flooring, A Spacious Primary Bedroom, And A Modern KitchenComplete With Quartz Countertops. Ideally Located In One Of Scarborough's Most Sought-After Communities, You will Enjoy Being Just Steps To TTC Transit, Within Walking Distance Of Scarborough Town Centre, McCowan RT Station, Restaurants, Shopping, And Everyday Essentials, With Quick AccessTo Highway 401 For Effortless Commuting. Enjoy An Exceptional Lifestyle With An Impressive Collection Of Resort-Inspired Amenities, Including An Indoor Swimming Pool, Sauna, Fully Equipped Fitness Centre, Squash And Badminton Courts, Billiards Room, Guest Suite, Party Room, Library, And Resident Lounge. Whether You Are A First-Time Buyer, Busy Professional, Downsizer, Or Savvy Investor, This Exceptional Condo Offers Outstanding Value, An Unbeatable Location, And The Opportunity To Enjoy Convenient Urban Living At Its Best.
MississaugaInvestor.ca
913- 8 Lee Centre Drive
Condo Apartment · 2bd/2ba · ~850 sqft
$489,000
Cash-Flow Report · July 31, 2026
Cap Rate
0.51%
Monthly Cash Flow
-$2,045/mo
Estimated Rent
$1,950/mo
Cash-on-Cash
-22.92%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,950 |
| Mortgage | −$2,251 |
| Property Tax | −$387 |
| Insurance | −$225 |
| Condo Fee | −$1,034 |
| Vacancy (5%) | −$98 |
| Cash Flow | -$2,045/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$23,400 |
| Vacancy (5%) | −$1,170 |
| Property Tax | −$4,646 |
| Insurance | −$2,700 |
| Condo Fee | −$12,408 |
| Annual NOI | $2,476 |
| Cap Rate | 0.51% |
Cash Required to Close
| Down Payment (20%) | $97,800 |
| Ontario Land Transfer Tax | $6,255 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $107,055 |
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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