1807- 28 Interchange Way, Vaughan
Vaughan
$397,000
Cash flow, cap rate & mortgage breakdown
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Listed by HOMELIFE NEW WORLD CONDOMAX REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
1
Bathrooms
1
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$1,700/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to Festival - Tower D by Menkes Modern Living in the Heart of Vaughan Metropolitan Centre. Never-lived-in 1-bedroom suite. Just 300 meters away from VMC subway, 2-minute drive to Hwy 404 an only 30 minute subway ride to U of T St. George Campus. Walk to IKEA and enjoy quick access to Hwy 400 & 407, Costco, Walmart, Vaughan Mills, Mackenzie Hospital (1st Smart Hospital In Canada) and Canadas Wonderland all within 10 minutes drive. This vibrant community will offer 70,000 SF of world-class amenities: indoor pool, basketball court, soccer field, music & art studios, skating rink, community park, movie theatre, in-building grocery & retail, and more!!
MississaugaInvestor.ca
1807- 28 Interchange Way
Condo Apartment · 1bd/1ba · ~550 sqft
$397,000
Cash-Flow Report · August 2, 2026
Cap Rate
2.26%
Monthly Cash Flow
-$1,079/mo
Estimated Rent
$1,700/mo
Cash-on-Cash
-14.91%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,700 |
| Mortgage | −$1,827 |
| Property Tax | −$242 |
| Insurance | −$225 |
| Condo Fee | −$400 |
| Vacancy (5%) | −$85 |
| Cash Flow | -$1,079/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$20,400 |
| Vacancy (5%) | −$1,020 |
| Property Tax | −$2,898 |
| Insurance | −$2,700 |
| Condo Fee | −$4,800 |
| Annual NOI | $8,982 |
| Cap Rate | 2.26% |
Cash Required to Close
| Down Payment (20%) | $79,400 |
| Ontario Land Transfer Tax | $4,430 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $86,830 |
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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