348 Vellore Avenue, Vaughan
Vaughan
$1,580,000
Cash flow, cap rate & mortgage breakdown
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Listed by PROSPECT REALTY INC.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
4
Bathrooms
4
Days on Market
5
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Suite Potential (+$1,190/mo)
Rent Estimate
Estimated from market price-to-rent ratios · Verify suite legality with the City of Mississauga
Remarks
Welcome to 348 Vellore Ave. Proudly offered by the original owners, this beautifully updated 4-bedroom, 4-bathroom home combines modern style with exceptional functionality. The renovated main and upper levels showcase contemporary finishes throughout, including a stunning modern kitchen and beautifully updated bathrooms. Recent upgrades, including the roof and windows, provide added value and peace of mind.The fully finished basement features a complete second kitchen, offering excellent flexibility for extended family, guests, or entertaining. Step outside to a covered backyard entertaining area, perfect for hosting gatherings or relaxing in any season.Ideally located just minutes from major highways and key commuter routes, with schools, parks, shopping, and everyday amenities nearby, this move-in-ready home offers the perfect blend of comfort, convenience, and style. A rare opportunity to own a meticulously maintained home from its original owners.
MississaugaInvestor.ca
348 Vellore Avenue
Detached · 4bd/4ba · ~2,250 sqft
$1,580,000
Cash-Flow Report · August 1, 2026
Cap Rate
1.95%
Monthly Cash Flow
-$4,703/mo
Estimated Rent
$5,340/mo
Cash-on-Cash
-16.26%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$5,340 |
| Mortgage | −$7,273 |
| Property Tax | −$961 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$1,317 |
| Vacancy (5%) | −$267 |
| Cash Flow | -$4,703/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$64,080 |
| Vacancy (5%) | −$3,204 |
| Property Tax | −$11,534 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$15,800 |
| Annual NOI | $30,842 |
| Cap Rate | 1.95% |
Cash Required to Close
| Down Payment (20%) | $316,000 |
| Ontario Land Transfer Tax | $28,075 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $347,075 |
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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