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Investment signal

$549,000

509 - 60 HONEY CRISP CRESCENT

Beds

2

Baths

1

Sqft

Year

About this home

Unit 509 is a bright, modern, move-in-ready 2-bedroom condo in one of Vaughan's most desirable new high-rise communities. It offers an efficient layout,| high-quality finishes, and exceptional connectivity ideal as a starter home, investment property, or commuter residence.The building is well-maintained and amenity-rich, with strong resale/rental demand due to its prime VMC location. (id:65958)

Subtype
Single Family
MLS#
N12998994
Area
VAUGHAN_(VAUGHAN_CORPORATE_CENTRE)
Negative cash flow ~$1,100/mo at these assumptions

Cash on cash

-12.02%

Cap rate

3.49%

GRM

16.6

Break-even rent

$3,908

Financing

Down payment$109,800
Loan amount$439,200
Mortgage$2,694/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$252
Insurance$80
Maintenance$458
CapEx reserve$229
Vacancy loss$138

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $2,694/mo at 5.49% with 20% down, 25-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 16, 2026.

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