2308- 38 Lee Centre Drive, Toronto E09
Toronto E09
$410,000
Cash flow, cap rate & mortgage breakdown
Enter your email to unlock them right here.
Free forever. No credit card. Unsubscribe anytime.
Listed by RIGHT AT HOME REALTY
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
1
Days on Market
2
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$1,850/mo
Estimated from market price-to-rent ratios
Remarks
Beautiful South Facing 1+1 Condo Unit Conveniently Located At Mccowan/Hwy 401. Short Walk To Scarborough Town Centre/Ymca Centre/Shopping/Restaurants And Minutes To Hwy 401, Direct Bus To Centennial College And Lrt. Excellent Layout, Open Concept, Bright And Spacious. Light-Filled Living/Dinning Room And Master Bedroom With Unobstructed Clear South View. Sizeable Den With Huge Double Closet Can Be Used As 2nd Bedroom. Kitchen With Breakfast Bar.
MississaugaInvestor.ca
2308- 38 Lee Centre Drive
Condo Apartment · 2bd/1ba · ~650 sqft
$410,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.58%
Monthly Cash Flow
-$1,347/mo
Estimated Rent
$1,850/mo
Cash-on-Cash
-18.03%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,850 |
| Mortgage | −$1,887 |
| Property Tax | −$325 |
| Insurance | −$225 |
| Condo Fee | −$667 |
| Vacancy (5%) | −$93 |
| Cash Flow | -$1,347/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$22,200 |
| Vacancy (5%) | −$1,110 |
| Property Tax | −$3,895 |
| Insurance | −$2,700 |
| Condo Fee | −$8,004 |
| Annual NOI | $6,491 |
| Cap Rate | 1.58% |
Cash Required to Close
| Down Payment (20%) | $82,000 |
| Ontario Land Transfer Tax | $4,675 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $89,675 |
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
Get the Full Cash-Flow Report
A one-page PDF: cap rate, cash flow, mortgage breakdown, NOI and total cash to close — all assumptions in one printable summary.
Also unlocks cap rate, sold comps & mortgage detail.