1402- 7 Townsgate Drive, Vaughan
Vaughan
$628,000
Cash flow, cap rate & mortgage breakdown
Enter your email to unlock them right here.
Free forever. No credit card. Unsubscribe anytime.
Listed by HARVEST REALTY LTD.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
67
Price Drop
12%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,300/mo
Estimated from market price-to-rent ratios
Remarks
This spacious and bright, south-west corner, 2-bedroom unit is ready for you to call it home. Enjoy unobstructed views from the eat-in breakfast area, which seamlessly combines with the kitchen, perfect for a light snack, a warm cup of coffee, or meal preparation. The well-designed layout features two bedrooms split on opposite sides for enhanced privacy, along with a separate sun-filled room to relax your senses. Primary room features a walk-in closet and spacious 3 pcs washroom. The comfortable open-concept living and dining area is ideal for entertainment. The building offers a wealth of amenities, including a 24-hour concierge, indoor pool and Jacuzzi, saunas, a library, party room, gym, tennis/pickleball courts, and squash courts to cater to your hobbies. Restaurants, grocery stores, and shopping are all within easy reach. Note: Include Cable TV/internet, Heat, Hydro and Water.
MississaugaInvestor.ca
1402- 7 Townsgate Drive
Condo Apartment · 2bd/2ba · ~1,300 sqft
$628,000
Cash-Flow Report · August 1, 2026
Cap Rate
0.09%
Monthly Cash Flow
-$2,846/mo
Estimated Rent
$2,300/mo
Cash-on-Cash
-24.81%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,300 |
| Mortgage | −$2,891 |
| Property Tax | −$382 |
| Insurance | −$225 |
| Condo Fee | −$1,533 |
| Vacancy (5%) | −$115 |
| Cash Flow | -$2,846/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$27,600 |
| Vacancy (5%) | −$1,380 |
| Property Tax | −$4,584 |
| Insurance | −$2,700 |
| Condo Fee | −$18,396 |
| Annual NOI | $540 |
| Cap Rate | 0.09% |
Cash Required to Close
| Down Payment (20%) | $125,600 |
| Ontario Land Transfer Tax | $9,035 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $137,635 |
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
Get the Full Cash-Flow Report
A one-page PDF: cap rate, cash flow, mortgage breakdown, NOI and total cash to close — all assumptions in one printable summary.
Also unlocks cap rate, sold comps & mortgage detail.