904- 15 North Park Road, Vaughan
Vaughan
$639,000
Cash flow, cap rate & mortgage breakdown
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Listed by SPECTRUM REALTY SERVICES INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
59
Price Drop
3%
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 The Beverly Condos. This spacious and functional split 2 bedroom 2 bath suite offers 900 sq.ft of well designed living space. This bright layout features an expansive open-concept living and dining area with a private balcony. A newly renovated kitchen along with brand new kitchen appliances makes it ideal for family meals or entertaining. Featuring a walk-in closet in the primary bedroom and a sliding closet, there is no shortage for storage. Look no further as this beautiful unit is complete with 2 parking spots.
MississaugaInvestor.ca
904- 15 North Park Road
Condo Apartment · 2bd/2ba · ~950 sqft
$639,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.38%
Monthly Cash Flow
-$2,209/mo
Estimated Rent
$2,300/mo
Cash-on-Cash
-18.93%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,300 |
| Mortgage | −$2,941 |
| Property Tax | −$389 |
| Insurance | −$225 |
| Condo Fee | −$839 |
| Vacancy (5%) | −$115 |
| Cash Flow | -$2,209/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$27,600 |
| Vacancy (5%) | −$1,380 |
| Property Tax | −$4,665 |
| Insurance | −$2,700 |
| Condo Fee | −$10,068 |
| Annual NOI | $8,787 |
| Cap Rate | 1.38% |
Cash Required to Close
| Down Payment (20%) | $127,800 |
| Ontario Land Transfer Tax | $9,255 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $140,055 |
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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