707- 335 Driftwood Avenue, Toronto W05
Toronto W05
$358,900
Cash flow, cap rate & mortgage breakdown
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Listed by MASTER`S TRUST REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
1
Days on Market
88
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$1,800/mo
Estimated from market price-to-rent ratios
Remarks
Beautifully renovated and move-in-ready condo offering incredible value and convenience! This bright and spacious 2-bedroom, 1-bathroom unit boasts over 900 sqft of stylish living space in a well-maintained mid-rise building. hardwood flooring, updated bathrooms, and fresh paint throughout, this home is ready for you to enjoy.Step into a large living/dining area with big windows and an open balcony offering unobstructed park and ravine views-perfect for your morning coffee. The oversized parking space fits 2 cars.Conveniently located with TTC and the upcoming Finch LRT at your doorstep, you're just minutes from York University, schools, shopping malls, grocery stores, and restaurants. Whether you're a first-time buyer looking for an affordable entry
MississaugaInvestor.ca
707- 335 Driftwood Avenue
Condo Apartment · 2bd/1ba · ~850 sqft
$358,900
Cash-Flow Report · July 31, 2026
Cap Rate
0.78%
Monthly Cash Flow
-$1,419/mo
Estimated Rent
$1,800/mo
Cash-on-Cash
-21.65%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,800 |
| Mortgage | −$1,652 |
| Property Tax | −$284 |
| Insurance | −$225 |
| Condo Fee | −$968 |
| Vacancy (5%) | −$90 |
| Cash Flow | -$1,419/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$21,600 |
| Vacancy (5%) | −$1,080 |
| Property Tax | −$3,410 |
| Insurance | −$2,700 |
| Condo Fee | −$11,616 |
| Annual NOI | $2,794 |
| Cap Rate | 0.78% |
Cash Required to Close
| Down Payment (20%) | $71,780 |
| Ontario Land Transfer Tax | $3,859 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $78,639 |
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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