59 Gorman Avenue, Vaughan
Vaughan
$1,998,000
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX ATRIUM HOME REALTY
Investment Analysis
Key Facts
Type
Detached
Bedrooms
4
Bathrooms
5
Days on Market
2
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Finished Basement
Rent Estimate
$4,750/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to this stunning 3,300 sq.ft. home featuring 4+1 bedrooms and 5 bathrooms, complete with a beautifully finished basement. Nestled in the highly desirable, family-friendly community of Vellore Village, this home is filled with premium upgrades completed in 2022 including a finished basement, interlocking driveway and backyard, built-in hidden wire for home security equipments ready, basketball court, garage door, roof, front glasses door and a smart front door lock system. Furnace 2023. The elegant kitchen offers a modern design with upgraded fixtures, storage shed, and a garage outlet ready for EV charging. Enjoy the bright and airy feel with 9-ft ceilings, tall 8-ft doors, pot lights throughout, polished porcelain tiles, and gleaming hardwood floors.Perfect for entertaining, the basement offers additional space for relaxation or recreation. Located just minutes from Hwy 400, Vaughan Mills, top-rated schools, hospitals, and all essential amenities, this home provides unmatched comfort, convenience, and style. Experience exceptional living in one of Vaughans most sought-after neighbourhoods!
MississaugaInvestor.ca
59 Gorman Avenue
Detached · 4bd/5ba · ~3,250 sqft
$1,998,000
Cash-Flow Report · July 31, 2026
Cap Rate
0.85%
Monthly Cash Flow
-$7,790/mo
Estimated Rent
$4,750/mo
Cash-on-Cash
-21.29%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$4,750 |
| Mortgage | −$9,197 |
| Property Tax | −$1,215 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$1,665 |
| Vacancy (5%) | −$238 |
| Cash Flow | -$7,790/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$57,000 |
| Vacancy (5%) | −$2,850 |
| Property Tax | −$14,585 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$19,980 |
| Annual NOI | $16,885 |
| Cap Rate | 0.85% |
Cash Required to Close
| Down Payment (20%) | $399,600 |
| Ontario Land Transfer Tax | $36,435 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $439,035 |
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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