22- 155 Tapscott Road, Toronto E11
Toronto E11
$489,920
Cash flow, cap rate & mortgage breakdown
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Listed by ROYAL LEPAGE IGNITE REALTY
Investment Analysis
Key Facts
Type
Condo Townhouse
Bedrooms
2
Bathrooms
1
Days on Market
3
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
Great Opportunity To Buy This single-story, never-lived-in unit offers spacious 2 bedrooms & 1bathroom. 85Sq ft of private terrace.Affordable Living In The Heart of Scarborough. Fantasticopportunity for you to make your next home. This townhouse is best suited for 1st time home buyers andinvestors. Featuring an open-concept living and dining area, a decent-sized kitchen with stainless steelappliances, kitchens with designer quality cabinetry, and granite countertops. The decent-sized bedroomsinclude ample closet space. Comes with a designated parking spot and bike storage.Very Close ToMalvern Town Centre, Hwy 401, STC, Centennial College, UofT Scarborough Campus, Public Transit,And Amenities At Door Step. Some Photos were virtually staged. Locker # LEVEL A UNIT 408. Lockeris for bicycle storage.
MississaugaInvestor.ca
22- 155 Tapscott Road
Condo Townhouse · 2bd/1ba · ~750 sqft
$489,920
Cash-Flow Report · July 31, 2026
Cap Rate
2.25%
Monthly Cash Flow
-$1,337/mo
Estimated Rent
$1,950/mo
Cash-on-Cash
-14.96%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,950 |
| Mortgage | −$2,255 |
| Property Tax | −$388 |
| Insurance | −$225 |
| Condo Fee | −$321 |
| Vacancy (5%) | −$98 |
| Cash Flow | -$1,337/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$23,400 |
| Vacancy (5%) | −$1,170 |
| Property Tax | −$4,654 |
| Insurance | −$2,700 |
| Condo Fee | −$3,852 |
| Annual NOI | $11,024 |
| Cap Rate | 2.25% |
Cash Required to Close
| Down Payment (20%) | $97,984 |
| Ontario Land Transfer Tax | $6,273 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $107,257 |
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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