102- 520 Steeles Avenue, Vaughan
Vaughan
$658,800
Cash flow, cap rate & mortgage breakdown
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Listed by SKYLAND REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
3
Bathrooms
3
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,700/mo
Estimated from market price-to-rent ratios
Remarks
**Enjoy the ultimate convenience of condo living with ground-level with own outdoor space-NO waiting for elevators!** This rare, FULLY RENOVATED 2bedroom + Den (with door and closet), 3-bathroom suite features its own private, fully enclosed terrace, perfect for relaxing, entertaining, and outdoor living! Extensively updated top-to-bottom with a sun-filled open-concept layout, 9-ft flat high ceilings, seamless modern NEW flooring, NEW pot lights throughout, and NEW sleek stone countertops,NEW paint. This layout offers exceptional versatility with 2 full primary-style ensuites plus a 3rd full guest bath. Step out from the bright living area directly onto your private terrace oasis. Situated in one of Thornhill's most sought-after communities, complete with premium parking and locker. Move-in ready luxury at its finest!
MississaugaInvestor.ca
102- 520 Steeles Avenue
Condo Apartment · 3bd/3ba · ~1,100 sqft
$658,800
Cash-Flow Report · July 31, 2026
Cap Rate
1.62%
Monthly Cash Flow
-$2,143/mo
Estimated Rent
$2,700/mo
Cash-on-Cash
-17.81%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,700 |
| Mortgage | −$3,032 |
| Property Tax | −$401 |
| Insurance | −$225 |
| Condo Fee | −$1,050 |
| Vacancy (5%) | −$135 |
| Cash Flow | -$2,143/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$32,400 |
| Vacancy (5%) | −$1,620 |
| Property Tax | −$4,809 |
| Insurance | −$2,700 |
| Condo Fee | −$12,600 |
| Annual NOI | $10,671 |
| Cap Rate | 1.62% |
Cash Required to Close
| Down Payment (20%) | $131,760 |
| Ontario Land Transfer Tax | $9,651 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $144,411 |
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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