1612- 38 Lee Centre Drive, Toronto E09
Toronto E09
$449,000
Cash flow, cap rate & mortgage breakdown
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Listed by RIGHT AT HOME REALTY
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
1
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$1,900/mo
Estimated from market price-to-rent ratios
Remarks
This beautiful 2-bedroom corner unit in the heart of Scarborough features unobstructed views and a well-designed layout offering both comfort and functionality. The modern kitchen is equipped with stainless steel appliances, quartz countertops, marble bathroom tiles, and custom wood cabinetry, while the unit has been freshly painted and updated. Both bedrooms are generously sized and provide comfortable living space. Enjoy the convenience of ensuite laundry, as well as a parking space conveniently located directly beside the elevator! This unit includes a locker for added storage. Conveniently located just minutes from shopping, dining, schools, parks, and major transit routes, this home offers an ideal blend of everyday comfort and excellent rental appeal. Whether you're a first-time buyer or downsizer looking to settle in or an investor seeking a property in a high-demand area, this opportunity delivers outstanding value.
MississaugaInvestor.ca
1612- 38 Lee Centre Drive
Condo Apartment · 2bd/1ba · ~750 sqft
$449,000
Cash-Flow Report · August 2, 2026
Cap Rate
1.27%
Monthly Cash Flow
-$1,593/mo
Estimated Rent
$1,900/mo
Cash-on-Cash
-19.46%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,900 |
| Mortgage | −$2,067 |
| Property Tax | −$356 |
| Insurance | −$225 |
| Condo Fee | −$750 |
| Vacancy (5%) | −$95 |
| Cash Flow | -$1,593/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$22,800 |
| Vacancy (5%) | −$1,140 |
| Property Tax | −$4,266 |
| Insurance | −$2,700 |
| Condo Fee | −$9,000 |
| Annual NOI | $5,694 |
| Cap Rate | 1.27% |
Cash Required to Close
| Down Payment (20%) | $89,800 |
| Ontario Land Transfer Tax | $5,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $98,255 |
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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