47 Riviera Drive, Vaughan
Vaughan
$959,900
Cash flow, cap rate & mortgage breakdown
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Listed by SUTTON GROUP-ADMIRAL REALTY INC.
Investment Analysis
Key Facts
Type
Link
Bedrooms
5
Bathrooms
3
Days on Market
192
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Suite Potential (+$1,445/mo)
Rent Estimate
Estimated from market price-to-rent ratios · Verify suite legality with the City of Mississauga
Remarks
Awesome Investment Opportunity! Live In & Rent Out! Finished 2 Bedroom Basement Apartment With Separate Side Entrance, 2 Kitchens, 3Bath, Newer Roof, Newer Floors On The First Level, No Carpet. Updated Washrooms, Freshly Painted. Newer Heat Pump, Newer Furnace, Excellent Location In Glen Shields! Steps from a park and public transit, with Easy Access to York University, Shopping, Community Centers, Libraries, Sports Facilities, and Top-Rated Schools. A Must See!!! VTB available.
MississaugaInvestor.ca
47 Riviera Drive
Link · 5bd/3ba · ~1,300 sqft
$959,900
Cash-Flow Report · August 1, 2026
Cap Rate
3.45%
Monthly Cash Flow
-$1,662/mo
Estimated Rent
$4,595/mo
Cash-on-Cash
-9.47%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$4,595 |
| Mortgage | −$4,418 |
| Property Tax | −$584 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$800 |
| Vacancy (5%) | −$230 |
| Cash Flow | -$1,662/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$55,140 |
| Vacancy (5%) | −$2,757 |
| Property Tax | −$7,007 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$9,599 |
| Annual NOI | $33,077 |
| Cap Rate | 3.45% |
Cash Required to Close
| Down Payment (20%) | $191,980 |
| Ontario Land Transfer Tax | $15,673 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $210,653 |
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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