428- 50 Upper Mall Way, Vaughan
Vaughan
$428,000
Cash flow, cap rate & mortgage breakdown
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Listed by ELITE CAPITAL REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
1
Bathrooms
1
Days on Market
16
Price Drop
None
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 Promenade Towers In The Heart Of Thornhill-Vaughan! This Bright And Spacious 1-Bedroom, 1-Bathroom Condo Offers A Functional Open-Concept Layout With 9-Ft Ceilings, Modern Finishes, And Plenty Of Natural Light Throughout. One Of The Rare Units In The Building With Direct Indoor Access To The Newly Connected Promenade Shopping Centre, Allowing Residents To Enjoy Shopping, Dining, And Everyday Conveniences Without Stepping Outside. The Kitchen Features A Centre Island, An Added Bonus Not Found In Many Units, Along With A Seamless Flow Into The Living And Dining Area, Perfect For Everyday Living And Entertaining. High-End Shades And Blinds Provide Added Style, Comfort, And Privacy. Enjoy Unmatched Convenience With Promenade Shopping Centre, T&T Supermarket, FreshCo, M&M Food Market, Banks, Restaurants, Services, And Transit All Steps Away. Central YRT Bus Terminal Is Right Next Door, With Easy Connections To TTC And Finch Station Just A Short Drive Away. A Fantastic Opportunity To Live In One Of Thornhill-Vaughan's Most Connected And Convenient Communities.
MississaugaInvestor.ca
428- 50 Upper Mall Way
Condo Apartment · 1bd/1ba · ~250 sqft
$428,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.35%
Monthly Cash Flow
-$1,133/mo
Estimated Rent
$1,750/mo
Cash-on-Cash
-14.52%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,750 |
| Mortgage | −$1,970 |
| Property Tax | −$260 |
| Insurance | −$225 |
| Condo Fee | −$340 |
| Vacancy (5%) | −$88 |
| Cash Flow | -$1,133/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$21,000 |
| Vacancy (5%) | −$1,050 |
| Property Tax | −$3,124 |
| Insurance | −$2,700 |
| Condo Fee | −$4,080 |
| Annual NOI | $10,046 |
| Cap Rate | 2.35% |
Cash Required to Close
| Down Payment (20%) | $85,600 |
| Ontario Land Transfer Tax | $5,035 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $93,635 |
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
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