
2510- 50 Upper Mall Way, Vaughan
Vaughan
$599,900
Cash flow, cap rate & mortgage breakdown
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Listed by PMA BRETHOUR REAL ESTATE CORPORATION INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
94
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,300/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to Promenade Park Towers by Liberty Developments-where modern design meets everyday convenience in the heart of Thornhill. This bright and beautifully designed 1-bedroom + den (size of a bedroom), 2-bathroom suite offers approximately 688 sq ft of functional living space with northeast exposure, filling the home with natural light and open views from your private balcony. Perfect for first-time buyers or professionals, the smart open-concept layout features a modern kitchen with stone countertops, a spacious living area, and a versatile den with glass doors-ideal for a home office or guest space. The primary bedroom includes a large window, closet, and private ensuite, while a second full bathroom adds rare and valuable flexibility. This vacant, move-in ready unit includes 1 underground parking space. Enjoy premium amenities including 24-hour concierge, fitness centre & yoga studio, golf simulator, theatre room, party room, and a stunning outdoor green roof terrace. With direct access to Promenade Shopping Centre and transit just steps away, plus parks, dining, and daily essentials at your doorstep, this is effortless, connected living at its best.
MississaugaInvestor.ca
2510- 50 Upper Mall Way
Condo Apartment · 2bd/2ba · ~650 sqft
$599,900
Cash-Flow Report · August 1, 2026
Cap Rate
2.29%
Monthly Cash Flow
-$1,614/mo
Estimated Rent
$2,300/mo
Cash-on-Cash
-14.73%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,300 |
| Mortgage | −$2,761 |
| Property Tax | −$365 |
| Insurance | −$225 |
| Condo Fee | −$448 |
| Vacancy (5%) | −$115 |
| Cash Flow | -$1,614/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$27,600 |
| Vacancy (5%) | −$1,380 |
| Property Tax | −$4,379 |
| Insurance | −$2,700 |
| Condo Fee | −$5,376 |
| Annual NOI | $13,765 |
| Cap Rate | 2.29% |
Cash Required to Close
| Down Payment (20%) | $119,980 |
| Ontario Land Transfer Tax | $8,473 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $131,453 |
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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