3608- 2908 Highway 7 Road, Vaughan
Vaughan
$599,900
Cash flow, cap rate & mortgage breakdown
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Listed by REBEST REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,300/mo
Estimated from market price-to-rent ratios
Remarks
Stunning Corner Unit, Essex Model(811+32sqft Balcony) at prime Vaughan Location! Welcome to this bright and spacious corner suite offering modern living in one of Vaughan's most sought-after communities. Just a short walk to Vaughan Metropolitan Centre Subway Station, with quick access to Highways 400 & 407, Viva Transit, shopping, restaurants, parks, and everyday conveniences. This beautifully designed unit features 2 spacious bedrooms, 2 full bathrooms, and a private balcony-perfect for relaxing and enjoying the views. Floor-to-ceiling windows flood the home with natural light, while the open-concept layout creates an inviting and functional living space. The upgraded European-style kitchen features stylish cabinetry, a modern backsplash, stainless steel appliances, a built-in cooktop, refrigerator, dishwasher, and in-suite washer and dryer. High ceilings further enhance the bright and airy atmosphere of this exceptional home. Enjoy an outstanding selection of premium building amenities, including 24-hour Concierge, Fully Equipped Fitness Centre, Indoor Swimming Pool, Guest Suite, Party Room, Theatre Room, Chef's Kitchen & Dining Room, Yoga Studio, and much more.
MississaugaInvestor.ca
3608- 2908 Highway 7 Road
Condo Apartment · 2bd/2ba · ~850 sqft
$599,900
Cash-Flow Report · July 31, 2026
Cap Rate
1.8%
Monthly Cash Flow
-$1,859/mo
Estimated Rent
$2,300/mo
Cash-on-Cash
-16.97%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,300 |
| Mortgage | −$2,761 |
| Property Tax | −$365 |
| Insurance | −$225 |
| Condo Fee | −$693 |
| Vacancy (5%) | −$115 |
| Cash Flow | -$1,859/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$27,600 |
| Vacancy (5%) | −$1,380 |
| Property Tax | −$4,379 |
| Insurance | −$2,700 |
| Condo Fee | −$8,316 |
| Annual NOI | $10,825 |
| Cap Rate | 1.8% |
Cash Required to Close
| Down Payment (20%) | $119,980 |
| Ontario Land Transfer Tax | $8,473 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $131,453 |
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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