710- 2628 Mccowan Road, Toronto E07
Toronto E07
$499,900
Cash flow, cap rate & mortgage breakdown
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Listed by HOMELIFE/VISION REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
3
Bathrooms
2
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,250/mo
Estimated from market price-to-rent ratios
Remarks
Experience Refined Condominium Living In This Spacious Monarch-built Suite Offering Over 1000 Sqft Of Thoughtfully Designed Living Space. This Bright 2-Bedroom + Solarium, 2-Washroom Residence Features a Highly Desirable Split Bedroom Layout, Providing Both Privacy And Functionality. The Expensive Living And Dining Area Is Enhanced By Warm Laminate Flooring And Opens To A Sun-Filled East-Facing Solarium, Perfect For A Home Office Reading Nook, Or Additional Sitting Area.The Kitchen Overlooks The Dining Area Through a Convenient Pass-Through, Creating An Inviting Atmosphere. New Quartz Countertops Are Scheduled For Installation In August, Adding a Fresh Contemporary Touch.The Generous Primary Bedroom Features Its Own Private Ensuite Bathroom. Residents Enjoy An Exceptional Lifestyle With Premium Amenities, 24 Hrs Concierge, Indoor Pool, Sauna, Fitness Center and Guest Suites, Beautifully Landscaped Green Space and Abundant Visitor Parking.
MississaugaInvestor.ca
710- 2628 Mccowan Road
Condo Apartment · 3bd/2ba · ~1,100 sqft
$499,900
Cash-Flow Report · July 31, 2026
Cap Rate
1.31%
Monthly Cash Flow
-$1,758/mo
Estimated Rent
$2,250/mo
Cash-on-Cash
-19.27%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,250 |
| Mortgage | −$2,301 |
| Property Tax | −$396 |
| Insurance | −$225 |
| Condo Fee | −$973 |
| Vacancy (5%) | −$113 |
| Cash Flow | -$1,758/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$27,000 |
| Vacancy (5%) | −$1,350 |
| Property Tax | −$4,749 |
| Insurance | −$2,700 |
| Condo Fee | −$11,676 |
| Annual NOI | $6,525 |
| Cap Rate | 1.31% |
Cash Required to Close
| Down Payment (20%) | $99,980 |
| Ontario Land Transfer Tax | $6,473 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $109,453 |
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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