
2107- 22 Hanover Road, Brampton
Brampton
$504,999
Cash flow, cap rate & mortgage breakdown
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Listed by ROYAL LEPAGE CERTIFIED REALTY
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$1,950/mo
Estimated from market price-to-rent ratios
Remarks
Client RemarksThis Bright And Well-Maintained Condo Offers A Thoughtfully Designed Layout, Featuring An Expansive Living Area That Opens To A Rare, Oversized Balcony One Of The Few In The Building. The Unobstructed, Panoramic Views From The Balcony Are Perfect For Relaxation, Morning Coffee, Or Evening Sunsets. The Separate Dining Area Overlooks A Spacious Kitchen Equipped With A Cozy Breakfast Nook And A Walkout To The Balcony, Offering Stunning Views From Nearly Every Corner Of The Home. The Primary Bedroom Is Generously Sized, Boasting Large Windows, An Ensuite Bathroom, And Ample Storage. The Second Bedroom Is Also Spacious And Perfect For Family, Guests, Or A Home Office. A Second Full Bathroom And An Ensuite Laundry Room With Additional Storage Ensure Convenience. Upgraded Laminate Flooring And Modern Light Fixtures Throughout Enhance The Unit's Inviting And Comfortable Feel. All Utilities Are Included In The Maintenance Fees, Providing Excellent Value. Situated In An Unbeatable Location With Easy Access To Schools, Public Transit, Chinguacousy Park, Bramalea City Centre Shopping, Highways, And More. The Unit Comes With Two Owned Underground Parking Spots. 24-Hour Security In A Well-Managed Building. Residents Enjoy A Wide Range Of Amenities, Including A Gym, Indoor Pool, Hot Tub, Tennis & Squash Courts, A Billiard Room, And A Renovated Party Room. Building Offers Bell High-Speed Fiber Internet And TV Included At No Cost Until March 31, 2027. Afterward, Service Will Be Available For $42/Month. Rental Storage Available At $240/Year. Don't Miss This Gem!
MississaugaInvestor.ca
2107- 22 Hanover Road
Condo Apartment · 2bd/2ba · ~1,300 sqft
$504,999
Cash-Flow Report · August 3, 2026
Cap Rate
0.65%
Monthly Cash Flow
-$2,052/mo
Estimated Rent
$1,950/mo
Cash-on-Cash
-22.27%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,950 |
| Mortgage | −$2,324 |
| Property Tax | −$476 |
| Insurance | −$225 |
| Condo Fee | −$879 |
| Vacancy (5%) | −$98 |
| Cash Flow | -$2,052/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$23,400 |
| Vacancy (5%) | −$1,170 |
| Property Tax | −$5,706 |
| Insurance | −$2,700 |
| Condo Fee | −$10,548 |
| Annual NOI | $3,276 |
| Cap Rate | 0.65% |
Cash Required to Close
| Down Payment (20%) | $100,999.8 |
| Ontario Land Transfer Tax | $6,575 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $110,574.8 |
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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