
1507- 24 Hanover Road, Brampton
Brampton
$399,999
Cash flow, cap rate & mortgage breakdown
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Listed by RIGHT AT HOME REALTY
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
50
Price Drop
20%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$1,850/mo
Estimated from market price-to-rent ratios
Remarks
Enjoy a beautiful lifestyle of living at Bellair Condos! Condo fee includes all utilities & basic TV-you only pay Internet!! This spacious 2 bedroom, 2 bathroom & 2 parking spot unit has plenty to offer!! The comfort and convenience of space, the added brightness from the large windows, the open-air balcony and so much more will give you all the comforts of a home, without the maintenance. This large unit features an expansive living and dining area filled with natural light from oversized windows that overlook the picturesque Caledon Hills-the perfect setting to enjoy breathtaking sunsets after a long day. With only steps to most amenities and conveniences, hwys, GO-station transit, schools, shops, BCC, Chinguacousy Ski Hill, children's playground, and so much more, this building has it all, including 2 walkouts to the large balcony. Laundry is ensuite stacked washer & dryer, walkouts to private balcony & plenty of storage to boot! The prime bedroom is generously sized with ample closet space, a 4pc ensuite bath and a walk-in clothes closet. This well-maintained building offers resort-style amenities including an indoor pool, hot tub, sauna, fully equipped gym, racquetball & squash courts, billiard room, party room, tennis courts, beautifully landscaped grounds with a waterfall feature, 2 BBQ areas and a wonderful walking trail along with workout stations surrounded by mature trees as well as gardens.You won't run out of things to do, no gym membership required!!
MississaugaInvestor.ca
1507- 24 Hanover Road
Condo Apartment · 2bd/2ba · ~1,100 sqft
$399,999
Cash-Flow Report · August 1, 2026
Cap Rate
0.56%
Monthly Cash Flow
-$1,655/mo
Estimated Rent
$1,850/mo
Cash-on-Cash
-22.7%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,850 |
| Mortgage | −$1,841 |
| Property Tax | −$377 |
| Insurance | −$225 |
| Condo Fee | −$969 |
| Vacancy (5%) | −$93 |
| Cash Flow | -$1,655/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$22,200 |
| Vacancy (5%) | −$1,110 |
| Property Tax | −$4,520 |
| Insurance | −$2,700 |
| Condo Fee | −$11,628 |
| Annual NOI | $2,242 |
| Cap Rate | 0.56% |
Cash Required to Close
| Down Payment (20%) | $79,999.8 |
| Ontario Land Transfer Tax | $4,475 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $87,474.8 |
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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