3307- 2916 Highway 7 Road, Vaughan
Vaughan
$570,000
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX WEST 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
$2,250/mo
Estimated from market price-to-rent ratios
Remarks
Step Into Luxury With This Bright And Modern 2-Bedroom, 2-Bathroom Residence Nestled In Downtown Vaughan. Highlighted By Soaring 9-Foot Ceilings And Elegant Hardwood Flooring Throughout, This Bright Home Features Floor-To-Ceiling Windows Capturing Spectacular Unobstructed Southwest Vistas. The Fluid Open-Concept Design Effortlessly Merges The Generous Living And Dining Spaces With An Upgraded Kitchen Complete With Quartz Countertops And An Executive Backsplash. Step Out To Your Private Enclosed Balcony To Unwind Or Enjoy Your Morning Brew. Complete With In-Suite Laundry, This Property Offers Unrivaled Accessibility Just Moments From The Vaughan Metropolitan Centre TTC Subway Station, Cortellucci Vaughan Hospital, Vaughan Mills, Canada's Wonderland, Costco, IKEA, Local Parks, Dining, And Highways 400/407. *Some photos are virtually staged.
MississaugaInvestor.ca
3307- 2916 Highway 7 Road
Condo Apartment · 2bd/2ba · ~850 sqft
$570,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.84%
Monthly Cash Flow
-$1,752/mo
Estimated Rent
$2,250/mo
Cash-on-Cash
-16.84%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,250 |
| Mortgage | −$2,624 |
| Property Tax | −$347 |
| Insurance | −$225 |
| Condo Fee | −$693 |
| Vacancy (5%) | −$113 |
| Cash Flow | -$1,752/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$27,000 |
| Vacancy (5%) | −$1,350 |
| Property Tax | −$4,161 |
| Insurance | −$2,700 |
| Condo Fee | −$8,316 |
| Annual NOI | $10,473 |
| Cap Rate | 1.84% |
Cash Required to Close
| Down Payment (20%) | $114,000 |
| Ontario Land Transfer Tax | $7,875 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $124,875 |
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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