
148 Solway Avenue, Vaughan
Vaughan
$1,198,000
Cash flow, cap rate & mortgage breakdown
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Listed by CENTURY 21 PARKLAND LTD.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
3
Bathrooms
3
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Suite Potential (+$1,190/mo)
Rent Estimate
Estimated from market price-to-rent ratios · Verify suite legality with the City of Mississauga
Remarks
Gorgeous Bungalow nestled in a Highly Desirable Pocket of Maple! This Detached Modern Home offers a Spacious, well-kept interior with an excellent layout & Finished Basement. As you Walk into this home & thru the welcoming foyer, you'll notice the level entrance with no stairs. Inside & Out, you'll enjoy the Modern Finishes & Upgrades throughout. Featuring 9ft Ceilings w/Crown Moulding & pot lights, 3 Spacious Bedrooms with a Primary Ensuite & walk-in Closet w/Organizers! An Upgraded Eat-in Kitchen w/Stainless Steel Appliances & Granite Counter Tops, Hardwood Floors, Modern Bathrooms, 2 Walk-outs to the Backyard Deck, Roof(2015), CAC (2026), Windows & Sliding Doors(2015). This home offers an Excellent Floor Plan with a 2nd Kitchen in a Fully Finished Basement, providing Additional living space for recreation or Potential In-law suite accommodation. Outside, this home has a Stunning Curb appeal, Interlock Stone walkways & a Large low maintenance Custom Built Deck (2020) for Entertaining &/or Relaxation in the backyard! Located Close to many convienient Amenities: Top Ranked Schools, Walking/Bike Trails, Transit, Longos/Fortinos Plaza & Minutes From Cortellucci Hospital, The Maple GO, Eagle's Nest Golf Club, Canada's Wonderland & Hwy 400!
MississaugaInvestor.ca
148 Solway Avenue
Detached · 3bd/3ba · ~1,300 sqft
$1,198,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.32%
Monthly Cash Flow
-$3,201/mo
Estimated Rent
$4,490/mo
Cash-on-Cash
-14.6%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$4,490 |
| Mortgage | −$5,514 |
| Property Tax | −$729 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$998 |
| Vacancy (5%) | −$225 |
| Cash Flow | -$3,201/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$53,880 |
| Vacancy (5%) | −$2,694 |
| Property Tax | −$8,745 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$11,980 |
| Annual NOI | $27,761 |
| Cap Rate | 2.32% |
Cash Required to Close
| Down Payment (20%) | $239,600 |
| Ontario Land Transfer Tax | $20,435 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $263,035 |
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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