
220- 2396 Major Mackenzie Drive, Vaughan
Vaughan
$689,000
Cash flow, cap rate & mortgage breakdown
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Listed by ROYAL LEPAGE SIGNATURE REALTY
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
$2,400/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to The Courtyards of Maple. Intimate, easy to navigate, and comfortable, an alternative to high-rise condo living. "The Rome" spans 992 sq ft with 2 bedrooms, 2 baths + 9-foot ceilings create a bright and inviting space. The open-concept living room feels bright, airy, and perfectly homey, with seamless access to the balcony. Think condo living means no garden or space to entertain? Think again. This expansive balcony proves otherwise, offering ample room for patio sets, beautiful lush planters, and effortless outdoor visits with family. Not ready to give up the dining table? You don't have to. Whether used as a dining room or a cozy den, this flexible space makes everyday living comfortable. The kitchen is bright, functional, and inviting, anchored by a granite island under pot lights-ideal for baking, gathering, and plotting global solutions. The split-bedroom layout provides private bedrooms with plenty of closet space, and the primary bedroom includes its own ensuite for added comfort and convenience. Cortellucci Vaughan Hospital, groceries, transit, the library, community centre, restaurants, and schools all close by. **Time to right-size? First home? Investment? The Courtyards of Maple has you covered** Virtually Staged. Potential Is Real **
MississaugaInvestor.ca
220- 2396 Major Mackenzie Drive
Condo Apartment · 2bd/2ba · ~950 sqft
$689,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.36%
Monthly Cash Flow
-$2,388/mo
Estimated Rent
$2,400/mo
Cash-on-Cash
-18.97%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,400 |
| Mortgage | −$3,171 |
| Property Tax | −$419 |
| Insurance | −$225 |
| Condo Fee | −$853 |
| Vacancy (5%) | −$120 |
| Cash Flow | -$2,388/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$28,800 |
| Vacancy (5%) | −$1,440 |
| Property Tax | −$5,030 |
| Insurance | −$2,700 |
| Condo Fee | −$10,236 |
| Annual NOI | $9,394 |
| Cap Rate | 1.36% |
Cash Required to Close
| Down Payment (20%) | $137,800 |
| Ontario Land Transfer Tax | $10,255 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $151,055 |
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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