
1505- 2916 Highway 7 Road, Vaughan
Vaughan
$475,000
Cash flow, cap rate & mortgage breakdown
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Listed by SUTTON GROUP-ADMIRAL REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
10
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
Perfect for first-time buyers, young professionals, or savvy investors, this modern 1-bedroom plus den suite in the sought-after Nord West Condos offers stylish, functional living in the heart of Vaughan Metropolitan Centre. Featuring approximately 649 sq. ft. of thoughtfully designed living space with laminate flooring throughout, this bright open-concept unit seamlessly blends the kitchen, dining, and living areas, highlighted by quartz countertops, built-in appliances, large windows, and a walk-out to a spacious private balcony with plenty of room for outdoor furniture and panoramic city views. The versatile den is enclosed with sliding doors and features a mirrored closet, stacked washer and dryer, and direct access to a 4-piece ensuite bathroom, making it ideal as a second bedroom, home office, or guest suite. The spacious primary bedroom boasts a large window, custom his-and-hers closet organizers, and access to the beautifully appointed 4-piece ensuite bath. Residents enjoy an impressive collection of resort-inspired amenities including an indoor pool, fully equipped fitness centre, yoga studio, games room, party room, guest suites, community BBQ area, pet wash station, media room, playground, and 24-hour concierge service. Located in Vaughan's rapidly growing downtown core, you're just steps from the TTC Vaughan Metropolitan Centre Station, YRT and Viva transit, and minutes to Highways 7, 400 and 407, providing effortless access throughout the GTA. Surrounded by shopping, dining, entertainment, Cineplex Vaughan, Vaughan Mills, Canada's Wonderland, Cortellucci Vaughan Hospital, parks, and everyday conveniences, this exceptional condo offers the perfect combination of lifestyle, location, and value. **Contains Virtually Staged Photos**
MississaugaInvestor.ca
1505- 2916 Highway 7 Road
Condo Apartment · 2bd/2ba · ~650 sqft
$475,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.42%
Monthly Cash Flow
-$1,228/mo
Estimated Rent
$2,150/mo
Cash-on-Cash
-14.17%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,150 |
| Mortgage | −$2,186 |
| Property Tax | −$289 |
| Insurance | −$225 |
| Condo Fee | −$570 |
| Vacancy (5%) | −$108 |
| Cash Flow | -$1,228/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$25,800 |
| Vacancy (5%) | −$1,290 |
| Property Tax | −$3,468 |
| Insurance | −$2,700 |
| Condo Fee | −$6,840 |
| Annual NOI | $11,502 |
| Cap Rate | 2.42% |
Cash Required to Close
| Down Payment (20%) | $95,000 |
| Ontario Land Transfer Tax | $5,975 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $103,975 |
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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