2106- 898 Portage Parkway, Vaughan
Vaughan
$463,800
Cash flow, cap rate & mortgage breakdown
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Listed by Avenue Group Realty Inc.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
3
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
Experience Contemporary Urban Living At Transit City 1! This Bright And Well-Maintained Executive Suite Features 2 Bedrooms, 2 Full Bathrooms, And A Functional Study Area, Offering A Smart Open-Concept Layout With Soaring 9-Foot Ceilings And Floor-To-Ceiling Windows. Freshly Painted Throughout And Featuring New Pot Lights In The Primary Bedroom, This Move-In-Ready Home Is Filled With Natural Light. Enjoy A Spacious South-Facing Terrace With Stunning City Views, Perfect For Relaxing Or Entertaining.Ideally Located In The Heart Of The Vaughan Metropolitan Centre, Just Steps To The VMC Subway Station And YRT/Züm Bus Terminal, With Quick Access To Highways 400, 407, And 7. Minutes To York University, Vaughan Mills, Costco, Walmart, IKEA, Restaurants, Parks, And Everyday Amenities. Residents Enjoy Exceptional Building Amenities And An Unbeatable Location, Making This An Outstanding Opportunity For First-Time Buyers, Professionals, Or Investors.
MississaugaInvestor.ca
2106- 898 Portage Parkway
Condo Apartment · 2bd/2ba · ~650 sqft
$463,800
Cash-Flow Report · July 31, 2026
Cap Rate
2.79%
Monthly Cash Flow
-$1,057/mo
Estimated Rent
$2,150/mo
Cash-on-Cash
-12.5%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,150 |
| Mortgage | −$2,135 |
| Property Tax | −$282 |
| Insurance | −$225 |
| Condo Fee | −$457 |
| Vacancy (5%) | −$108 |
| Cash Flow | -$1,057/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$25,800 |
| Vacancy (5%) | −$1,290 |
| Property Tax | −$3,386 |
| Insurance | −$2,700 |
| Condo Fee | −$5,484 |
| Annual NOI | $12,940 |
| Cap Rate | 2.79% |
Cash Required to Close
| Down Payment (20%) | $92,760 |
| Ontario Land Transfer Tax | $5,751 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $101,511 |
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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