A21- 296 Mill Road, Toronto W08
Toronto W08
$454,900
Cash flow, cap rate & mortgage breakdown
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Listed by ROYAL LEPAGE SIGNATURE REALTY
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
3
Bathrooms
2
Days on Market
44
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,200/mo
Estimated from market price-to-rent ratios
Remarks
DON'T Miss This Opportunity ... Welcome To Condo Life At THE MASTERS! Spacious 3 Bedroom 2 Bathroom Condo Offering A Functional Open Concept Layout With Plenty Of Storage Throughout. Bright Living And Dining Area With Walk Out To A Private Balcony, Perfect For Everyday Living And Entertaining. Large Kitchen Also Features A Walk-Out To The Balcony And Ample Cabinet Space. The Primary Bedroom Includes A 4 Piece Ensuite And A Generous Walk-In Closet For Added Comfort And Convenience. Ideally Located In A Well Connected Toronto Neighbourhood (Markland Woods) Close To Parks, Walking Trails, Schools, And Community Centres. Enjoy Easy Access To Major Highways Including The Gardiner Expressway And Highway 427, TTC Transit, And Nearby Shopping At Sherway Gardens. A Great Opportunity For Families Or Professionals Seeking Space And Convenience In The City!
MississaugaInvestor.ca
A21- 296 Mill Road
Condo Apartment · 3bd/2ba · ~1,100 sqft
$454,900
Cash-Flow Report · July 31, 2026
Cap Rate
0.21%
Monthly Cash Flow
-$2,016/mo
Estimated Rent
$2,200/mo
Cash-on-Cash
-24.3%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,200 |
| Mortgage | −$2,094 |
| Property Tax | −$360 |
| Insurance | −$225 |
| Condo Fee | −$1,427 |
| Vacancy (5%) | −$110 |
| Cash Flow | -$2,016/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$26,400 |
| Vacancy (5%) | −$1,320 |
| Property Tax | −$4,322 |
| Insurance | −$2,700 |
| Condo Fee | −$17,124 |
| Annual NOI | $934 |
| Cap Rate | 0.21% |
Cash Required to Close
| Down Payment (20%) | $90,980 |
| Ontario Land Transfer Tax | $5,573 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $99,553 |
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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