2405- 88 Corporate Drive, Toronto E09
Toronto E09
$448,800
Cash flow, cap rate & mortgage breakdown
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Listed by BENCHMARK SIGNATURE REALTY INC.
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
Welcome to this bright and spacious 1+Den, 1-bath condo in the highly sought-after Tridel-built community at 88 Corporate Drive. Offering a functional open-concept layout, this unit features a generously sized bedroom, a versatile den ideal for a home office or guest space, ensuite laundry, and one underground parking spot. Enjoy an abundance of natural light and comfortable living in a well-maintained building with exceptional amenities, including 24-hour gatehouse security, indoor and outdoor swimming pools, fitness centre, tennis and squash courts, bowling alley, party room, and ample visitor parking. Conveniently located just minutes from Scarborough Town Centre, TTC, Highway 401, parks, restaurants, and everyday amenities, this home is ideal for first-time buyers, professionals, downsizers, or investors.
MississaugaInvestor.ca
2405- 88 Corporate Drive
Condo Apartment · 2bd/1ba · ~750 sqft
$448,800
Cash-Flow Report · August 2, 2026
Cap Rate
1.19%
Monthly Cash Flow
-$1,621/mo
Estimated Rent
$1,900/mo
Cash-on-Cash
-19.81%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,900 |
| Mortgage | −$2,066 |
| Property Tax | −$355 |
| Insurance | −$225 |
| Condo Fee | −$780 |
| Vacancy (5%) | −$95 |
| Cash Flow | -$1,621/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$22,800 |
| Vacancy (5%) | −$1,140 |
| Property Tax | −$4,264 |
| Insurance | −$2,700 |
| Condo Fee | −$9,360 |
| Annual NOI | $5,336 |
| Cap Rate | 1.19% |
Cash Required to Close
| Down Payment (20%) | $89,760 |
| Ontario Land Transfer Tax | $5,451 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $98,211 |
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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