201- 2916 Highway 7 N/A, Vaughan
Vaughan
$457,900
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX EXPERTS
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
1
Bathrooms
2
Days on Market
32
Price Drop
3%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$1,750/mo
Estimated from market price-to-rent ratios
Remarks
Welcome To This Sun-Filled Suite With Floor-To-Ceiling Windows At The Nord Condos by Cortel Group! This 1 Bedroom / 2 Bathroom Suite Provides 608 Sq Ft, Plus A Rare Oversized Terrace With Gas Line! Open Concept Living Space! Located In The Highly Desirable Vaughan Metropolitan Community Of Vaughan! Walking Distance To The Vaughan Metropolitan Subway Station! Unobstructed East-Facing Views From Your Private Terrace! 9 FT Ceilings! Modern White Kitchen Provides Built-In Stainless Steel Appliances, Stone Counters, Kitchen Island For Added Counter Space & Storage, Plus A Backsplash! Spacious Combined Living & Dining Area! Spacious Primary Bedroom With A 3-Piece Ensuite Bathroom! Laminate Flooring & Upgraded Light Fixtures Throughout! Minutes Away From Highways 400 & 407, Vaughan Mills Mall, Shopping, Restaurants, York University, Cortellucci Vaughan Hospital, & So Much More! TTC Buses & Viva Transit At Your Doorstep! The Building Is An Amenity Lovers Dream & Includes An Indoor Pool, Gym, Yoga Room, Sauna, BBQ Area, Party Room, Pet Spa, Guest Suites, 24-Hour Security & Concierge, Visitor Parking, Games Room, & More! Includes One Parking Space, & One Storage Locker! This Is The Best Location Vaughan Has To Offer!
MississaugaInvestor.ca
201- 2916 Highway 7 N/A
Condo Apartment · 1bd/2ba · ~650 sqft
$457,900
Cash-Flow Report · July 31, 2026
Cap Rate
1.62%
Monthly Cash Flow
-$1,489/mo
Estimated Rent
$1,750/mo
Cash-on-Cash
-17.83%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,750 |
| Mortgage | −$2,108 |
| Property Tax | −$279 |
| Insurance | −$225 |
| Condo Fee | −$539 |
| Vacancy (5%) | −$88 |
| Cash Flow | -$1,489/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$21,000 |
| Vacancy (5%) | −$1,050 |
| Property Tax | −$3,343 |
| Insurance | −$2,700 |
| Condo Fee | −$6,468 |
| Annual NOI | $7,439 |
| Cap Rate | 1.62% |
Cash Required to Close
| Down Payment (20%) | $91,580 |
| Ontario Land Transfer Tax | $5,633 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $100,213 |
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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