203- 745 New Westminster Drive, Vaughan
Vaughan
$450,000
Cash flow, cap rate & mortgage breakdown
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Listed by SAGE REAL ESTATE LIMITED
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
1
Days on Market
22
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,150/mo
Estimated from market price-to-rent ratios
Remarks
Everything Hallelujah! Praise be for this better-than-the-rest 1+den home. Nearly 700 square feet big, with 9 foot ceilings, a functional kitchen (with tons of counter space), extra large living/dining space and a bedroom that can fit a King bed. Fear not about the bills; the low, all-inclusive maintenance fee covers everything you need (including electricity and Bell hi-speed internet & TV). And live large with a designated den, perfect for an office or a walk-in closet. ***** Walkable (!!) to everything you want, including Homesense/Winners, cute grocery stores (Olive Branch), Promenade Mall, patisseries, Walmart & many restaurant choices. ***** Quiet and peaceful while still an easy transit or drive to Finch station, 407 and anywhere in the city. ***** This is the one you need, at the price you can afford. Make it yours!
MississaugaInvestor.ca
203- 745 New Westminster Drive
Condo Apartment · 2bd/1ba · ~650 sqft
$450,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.48%
Monthly Cash Flow
-$1,142/mo
Estimated Rent
$2,150/mo
Cash-on-Cash
-13.92%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,150 |
| Mortgage | −$2,071 |
| Property Tax | −$274 |
| Insurance | −$225 |
| Condo Fee | −$614 |
| Vacancy (5%) | −$108 |
| Cash Flow | -$1,142/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$25,800 |
| Vacancy (5%) | −$1,290 |
| Property Tax | −$3,285 |
| Insurance | −$2,700 |
| Condo Fee | −$7,368 |
| Annual NOI | $11,157 |
| Cap Rate | 2.48% |
Cash Required to Close
| Down Payment (20%) | $90,000 |
| Ontario Land Transfer Tax | $5,475 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $98,475 |
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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