405- 335 Driftwood Avenue, Toronto W05
Toronto W05
$324,777
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX GOLD REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
1
Days on Market
157
Price Drop
4%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$1,750/mo
Estimated from market price-to-rent ratios
Remarks
BEST DEAL !! Priced for Quick Action!!Well Maintained, Spacious and Bright 2 Bedroom with 1 full washroom unit !! Overlooking Ravine!!Almost 900 Sqft !! Move-In Condition!!Open Private Balcony !! Large Ensuite Locker/Laundry!! Laminate Floor throuughout!! Master bedroom with W/I Closet!! Ideal for First time buyers or downsizing/retiring couple !! Close to York University, Transit and Upcoming Subway Line!! Old Photos!!
MississaugaInvestor.ca
405- 335 Driftwood Avenue
Condo Apartment · 2bd/1ba · ~850 sqft
$324,777
Cash-Flow Report · July 31, 2026
Cap Rate
0.89%
Monthly Cash Flow
-$1,255/mo
Estimated Rent
$1,750/mo
Cash-on-Cash
-21.12%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,750 |
| Mortgage | −$1,495 |
| Property Tax | −$257 |
| Insurance | −$225 |
| Condo Fee | −$940 |
| Vacancy (5%) | −$88 |
| Cash Flow | -$1,255/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$21,000 |
| Vacancy (5%) | −$1,050 |
| Property Tax | −$3,085 |
| Insurance | −$2,700 |
| Condo Fee | −$11,280 |
| Annual NOI | $2,885 |
| Cap Rate | 0.89% |
Cash Required to Close
| Down Payment (20%) | $64,955.4 |
| Ontario Land Transfer Tax | $3,347 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $71,302.4 |
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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