
604- 7 Townsgate Drive, Vaughan
Vaughan
$768,000
Cash flow, cap rate & mortgage breakdown
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Listed by SUTTON GROUP-ADMIRAL REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
2
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,450/mo
Estimated from market price-to-rent ratios
Remarks
Beautiful & Large 1,546 Sq Ft corner unit with quality finishes! Well designed & sun filled with great open views! Amazing floorplan, meticulously maintained, spacious family-size living & dining areas, high quality kitchen, stunning breakfast area, breathtaking front garden views, two large bedrooms, huge master with ensuite bath & a walk-in closet, two full stunning washrooms, closet organizers in both bedrooms & in the foyer, large laundry room with a sink & a beautiful inviting foyer. Simply impressive! High quality kitchen cabinets, high quality appliances, marble floors, granite counters, solid wood floors, high baseboards, crown moldings, smooth ceiling, beautiful light fixtures, pot lights, curtains, custom painted doors - one of a kind! Convenient same floor locker & 2 tandem parking spots (can park 4 cars)! Luxury 7 Townsgate building with exceptional amenities: 24hrs concierge, indoor pool, jacuzzi, sauna, gym, billiards, squash, basketball, pickleball courts, library, walking trail, indoor summer garden, gazebos & visitor parking. The building is located in a perfect Thornhill location at the NE corner of Bathurst/Steeles with walking distance to everything! Grocery stores, restaurants, cafes, parks, places of worship, TTC at your door step & much more. Book your showing today! A perfect place to call HOME!
MississaugaInvestor.ca
604- 7 Townsgate Drive
Condo Apartment · 2bd/2ba · ~1,500 sqft
$768,000
Cash-Flow Report · July 31, 2026
Cap Rate
-0.09%
Monthly Cash Flow
-$3,595/mo
Estimated Rent
$2,450/mo
Cash-on-Cash
-25.61%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,450 |
| Mortgage | −$3,535 |
| Property Tax | −$467 |
| Insurance | −$225 |
| Condo Fee | −$1,695 |
| Vacancy (5%) | −$123 |
| Cash Flow | -$3,595/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$29,400 |
| Vacancy (5%) | −$1,470 |
| Property Tax | −$5,606 |
| Insurance | −$2,700 |
| Condo Fee | −$20,340 |
| Annual NOI | $-716 |
| Cap Rate | -0.09% |
Cash Required to Close
| Down Payment (20%) | $153,600 |
| Ontario Land Transfer Tax | $11,835 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $168,435 |
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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