603- 3600 Highway 7 Road, Vaughan
Vaughan
$499,900
Cash flow, cap rate & mortgage breakdown
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Listed by BAY STREET GROUP INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
1
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,200/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to Centro Square Condominiums, a modern mixed-use community in the heart of Vaughan.This bright and spacious unit features an open-concept layout, modern kitchen, floor-to-ceiling windows, and a private balcony with unobstructed view. Conveniently located steps to shopping, restaurants, cafes, transit, and everyday amenities. Easy access to Highways 400, 407, and Hwy7. One parking and one locker included. The building features premium amenities including a fully equipped fitness centre, yoga studio, indoor pool, sauna, party room, guest suites, concierge, and beautifully landscaped outdoor spaces, making it an excellent choice for both homeowners and investors.
MississaugaInvestor.ca
603- 3600 Highway 7 Road
Condo Apartment · 2bd/1ba · ~750 sqft
$499,900
Cash-Flow Report · July 31, 2026
Cap Rate
2.31%
Monthly Cash Flow
-$1,337/mo
Estimated Rent
$2,200/mo
Cash-on-Cash
-14.66%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,200 |
| Mortgage | −$2,301 |
| Property Tax | −$304 |
| Insurance | −$225 |
| Condo Fee | −$597 |
| Vacancy (5%) | −$110 |
| Cash Flow | -$1,337/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$26,400 |
| Vacancy (5%) | −$1,320 |
| Property Tax | −$3,649 |
| Insurance | −$2,700 |
| Condo Fee | −$7,164 |
| Annual NOI | $11,567 |
| Cap Rate | 2.31% |
Cash Required to Close
| Down Payment (20%) | $99,980 |
| Ontario Land Transfer Tax | $6,473 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $109,453 |
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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