99- 500 Alex Gardner Circle, Aurora
Aurora
$634,000
Cash flow, cap rate & mortgage breakdown
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Listed by REALBIZ REALTY INC.
Investment Analysis
Key Facts
Type
Condo Townhouse
Bedrooms
2
Bathrooms
3
Days on Market
9
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,250/mo
Estimated from market price-to-rent ratios
Remarks
Modern Stacked 2 Storey Condo Town Home in the heart of downtown Aurora in a prestigious community. Building located right at the intersection of Yonge St and Wellington St. Ready to move-in condition, well priced, Excellent location, East exposure with lots of natural light, main level unit, open concept layout with access to Patio. Steps to Yonge Street Boutique Shops, Close to Aurora GO Station, few steps to Aurora Recreation Centre, Parks, street level access to VIVA / York Bus Station right outside building, close access to 404, close to top rated schools and walking trails. $2500 payable to Buyer upon closing towards furniture, etc. Virtual Staging Photos of the Living / Dining, Kitchen and Bedrooms
MississaugaInvestor.ca
99- 500 Alex Gardner Circle
Condo Townhouse · 2bd/3ba · ~950 sqft
$634,000
Cash-Flow Report · August 1, 2026
Cap Rate
1.95%
Monthly Cash Flow
-$1,888/mo
Estimated Rent
$2,250/mo
Cash-on-Cash
-16.3%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,250 |
| Mortgage | −$2,918 |
| Property Tax | −$402 |
| Insurance | −$225 |
| Condo Fee | −$480 |
| Vacancy (5%) | −$113 |
| Cash Flow | -$1,888/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$27,000 |
| Vacancy (5%) | −$1,350 |
| Property Tax | −$4,818 |
| Insurance | −$2,700 |
| Condo Fee | −$5,760 |
| Annual NOI | $12,372 |
| Cap Rate | 1.95% |
Cash Required to Close
| Down Payment (20%) | $126,800 |
| Ontario Land Transfer Tax | $9,155 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $138,955 |
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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