708- 2628 Mccowan Road, Toronto E07
Toronto E07
$499,900
Cash flow, cap rate & mortgage breakdown
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Listed by CENTURY 21 KING`S QUAY REAL ESTATE INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
1
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 Unit 708 at 2628 McCowan Rd - a spacious, nearly 1,000 sq ft 2-bedroom, 2-bathroom suite built by renowned developer Monarch! Featuring a highly desirable split-bedroom layout for maximum privacy, this modern home boasts fresh paint, beautiful natural-tone flooring, and elegant crown moulding. The sunlit open-concept living and dining areas walk out to a private balcony, offering comfortable living and entertaining space. The upgraded kitchen features granite countertops, a glass tile backsplash, stainless steel appliances (stove, fridge, dishwasher), double sinks, and a breakfast pass-through. The primary suite serves as a true retreat with a 4-piece ensuite, walk-in closet, and large windows. Includes full-size laundry, stylish granite finishes in both bathrooms, and all-inclusive maintenance fees covering utilities for worry-free living! Prime Scarborough location at McCowan & Finch: steps to Woodside Square, Shoppers Drug Mart, restaurants, and shopping. Commuter's dream with 24-hr bus services at your door, direct buses to STC & Markville Mall, and easy access to Hwy 401. Meticulously maintained building with great management!
MississaugaInvestor.ca
708- 2628 Mccowan Road
Condo Apartment · 2bd/2ba · ~950 sqft
$499,900
Cash-Flow Report · July 31, 2026
Cap Rate
0.69%
Monthly Cash Flow
-$2,013/mo
Estimated Rent
$1,950/mo
Cash-on-Cash
-22.07%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,950 |
| Mortgage | −$2,301 |
| Property Tax | −$396 |
| Insurance | −$225 |
| Condo Fee | −$943 |
| Vacancy (5%) | −$98 |
| Cash Flow | -$2,013/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$23,400 |
| Vacancy (5%) | −$1,170 |
| Property Tax | −$4,749 |
| Insurance | −$2,700 |
| Condo Fee | −$11,316 |
| Annual NOI | $3,465 |
| Cap Rate | 0.69% |
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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