
100 Mornelle Court, Toronto E09
Toronto E09
$459,000
Cash flow, cap rate & mortgage breakdown
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Listed by CITYSCAPE REAL ESTATE LTD.
Investment Analysis
Key Facts
Type
Condo Townhouse
Bedrooms
3
Bathrooms
2
Days on Market
2
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,200/mo
Estimated from market price-to-rent ratios
Remarks
Location! Location! Location! Fully Renovated 2+1 Bedroom Condo Townhouse in Prime Scarborough Location! An exceptional opportunity for first-time home buyers, investors, downsizers, or growing families! This bright, beautifully two-storey condo townhouse offers approximately 1,233 sq. ft. of functional living space in one of Scarborough's most convenient and highly sought-after communities. Featuring 2 spacious bedrooms plus a versatile den that can easily function as a third bedroom, nursery, home office, or study space, this move-in-ready home is designed to accommodate a variety of lifestyles. The carpet-free interior showcases modern finishes throughout, including smooth ceilings, a hardwood staircase, and a stylish kitchen The sun-filled open-concept living and dining area provides the perfect setting for everyday living and entertaining, with a walkout to a private patio ideal for relaxing, summer BBQs, and outdoor enjoyment. The oversized primary bedroom features a walk-in closet and a full ensuite bathroom, while the spacious second bedroom offers generous closet space. Two full bathrooms and abundant storage complete this thoughtfully designed home. Residents enjoy excellent building amenities, including an indoor swimming pool, fitness centre, party and meeting rooms, playground, Ideally located just steps to TTC transit and minutes to Highway 401, the property is within walking distance of the University of Toronto Scarborough Campus, Centennial College, Toronto Pan Am Sports Centre, Morningside Park, shopping, restaurants, schools, Scarborough Health Network, and everyday conveniences. Families will appreciate access to excellent local schools, including French Immersion programs and sought-after secondary schools.
MississaugaInvestor.ca
100 Mornelle Court
Condo Townhouse · 3bd/2ba · ~1,300 sqft
$459,000
Cash-Flow Report · August 1, 2026
Cap Rate
1.85%
Monthly Cash Flow
-$1,406/mo
Estimated Rent
$2,200/mo
Cash-on-Cash
-16.8%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,200 |
| Mortgage | −$2,113 |
| Property Tax | −$363 |
| Insurance | −$225 |
| Condo Fee | −$795 |
| Vacancy (5%) | −$110 |
| Cash Flow | -$1,406/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$26,400 |
| Vacancy (5%) | −$1,320 |
| Property Tax | −$4,361 |
| Insurance | −$2,700 |
| Condo Fee | −$9,540 |
| Annual NOI | $8,479 |
| Cap Rate | 1.85% |
Cash Required to Close
| Down Payment (20%) | $91,800 |
| Ontario Land Transfer Tax | $5,655 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $100,455 |
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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