
3006- 950 Portage Parkway, Vaughan
Vaughan
$650,000
Cash flow, cap rate & mortgage breakdown
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Listed by LANDPOWER REAL ESTATE LTD.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
4
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,350/mo
Estimated from market price-to-rent ratios
Remarks
Situated in the heart of Vaughan's rapidly growing Transit City community, this rare corner 2-bedroom suite at 950 Portage Parkway on the 30th Floor offers 770 sq. ft. of thoughtfully designed, carpet-free living space with a sought-after southeast exposure and unobstructed skyline views. The open-concept layout seamlessly connects the living and kitchen areas, showcasing sleek contemporary finishes, built-in appliances. Residents enjoy an impressive selection of amenities, including 24-hour concierge and security, party and meeting rooms, games room, bike storage, community BBQ areas, and more-all within a professionally managed building. Ideally located just steps from the Vaughan Metropolitan Centre Subway Station, this home offers effortless access to downtown Toronto, Highway 7, and Highway 400. Vaughan Mills, IKEA, Canada's Wonderland, Cineplex Cinemas, restaurants, shopping, parks, community centres, schools, hospitals, and places of worship are all nearby, making this an outstanding opportunity for first-time buyers, downsizers, and investors seeking stylish urban living with exceptional convenience.
MississaugaInvestor.ca
3006- 950 Portage Parkway
Condo Apartment · 2bd/2ba · ~750 sqft
$650,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.82%
Monthly Cash Flow
-$2,008/mo
Estimated Rent
$2,350/mo
Cash-on-Cash
-16.91%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,350 |
| Mortgage | −$2,992 |
| Property Tax | −$395 |
| Insurance | −$225 |
| Condo Fee | −$628 |
| Vacancy (5%) | −$118 |
| Cash Flow | -$2,008/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$28,200 |
| Vacancy (5%) | −$1,410 |
| Property Tax | −$4,745 |
| Insurance | −$2,700 |
| Condo Fee | −$7,536 |
| Annual NOI | $11,809 |
| Cap Rate | 1.82% |
Cash Required to Close
| Down Payment (20%) | $130,000 |
| Ontario Land Transfer Tax | $9,475 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $142,475 |
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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