
710- 91 Townsgate Drive, Vaughan
Vaughan
$625,000
Cash flow, cap rate & mortgage breakdown
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Listed by iCloud Realty Ltd.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
36
Price Drop
11%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,300/mo
Estimated from market price-to-rent ratios
Remarks
Newly renovated Corner Suite with amazing balcony offering East and North views, as well as North York skyline views. Welcome to Suite 710 with over 1100 SF of area (incl. balcony); 2 owned parking spaces and a spacious locker area. Step-in to a calm & relaxing environment with fully-green foyer space. A thoughtfully designed layout offers great flexibility with use and has no wasted space. Balcony can be accessed through both Living room and Kitchen. Two large bedrooms offer great views and ample daylight. The master bedroom features ensuite 4-piece bathroom and his-her closets that feel like walk-in closets. ***Low maintenance fee covers all utilities ***BRAND NEW HIGH-QUALITY WATERPROOF HYBRID FLOORING, NEW KITCHEN STONE COUNTERTOP, and NEWLY RENOVATED BATHROOMS. Move-in ready home with lot of upgrades recently done. ***Building common areas are fully renovated in 2025. All amenites, outdoors and indoor common areas are regularly maintained through the building management ***EV CHARGING PARKING SPACES installed and ample guest parking spaces are also available ***Amenities include an outdoor pool, tennis court, Gym, Sauna, Library, Party/ Multi-purpose room and beautifully landscaped grounds. Conveniently located at Bathurst/Steeles intersection and has direct bus to Finch station. Located at the border of Toronto, this location helps you save the Toronto Municipal Land Transfer Tax while also giving easy downtown access.***Easy access to shopping, entertainment and restaurants in the neighborhood ***Additional $50/month in condo fees applicable for cable and high-speed internet.
MississaugaInvestor.ca
710- 91 Townsgate Drive
Condo Apartment · 2bd/2ba · ~1,100 sqft
$625,000
Cash-Flow Report · August 3, 2026
Cap Rate
1.32%
Monthly Cash Flow
-$2,187/mo
Estimated Rent
$2,300/mo
Cash-on-Cash
-19.16%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,300 |
| Mortgage | −$2,877 |
| Property Tax | −$380 |
| Insurance | −$225 |
| Condo Fee | −$890 |
| Vacancy (5%) | −$115 |
| Cash Flow | -$2,187/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$27,600 |
| Vacancy (5%) | −$1,380 |
| Property Tax | −$4,563 |
| Insurance | −$2,700 |
| Condo Fee | −$10,680 |
| Annual NOI | $8,277 |
| Cap Rate | 1.32% |
Cash Required to Close
| Down Payment (20%) | $125,000 |
| Ontario Land Transfer Tax | $8,975 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $136,975 |
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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