1107- 8 The Esplanade Avenue, Toronto C08
Toronto C08
$678,000
Cash flow, cap rate & mortgage breakdown
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Listed by REAL ONE REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
1
Days on Market
187
Price Drop
3%
Year Built
N/A
Status
Expired
Basement Income
None Detected
Rent Estimate
$2,150/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to L Tower, A Prestigious Landmark Luxury Condo In The Heart of Downtown Toronto. This Bright and Spacious 2-Bedroom Corner Unit Offers a Functional Open-Concept Layout With High Clings, A Modern Kitchen With Premium Appliances, and Floor-to-Ceiling Windows Showcasing Abundant Natural Light and Vibrant City Views. The Thoughtfully Designed Split-Bedroom Layout Ensures Privacy. Ideally Located between The Financial District, St. Lawrence Market, and Toronto's Waterfront, With Ubeatable Walkability to Union Station (TTC, GO & VIA), Groceries, Dining, Parks, and Culture. World-Class Amenities Include An Indoor Pool, Fitness Centre, Sauna, Theatre Room, Party/Meeting Rooms, Guest Suites, and 24-Hour Concierge. Perfect for Professionals or Investors Seeking Style, Convenience, and Downtown Living.
MississaugaInvestor.ca
1107- 8 The Esplanade Avenue
Condo Apartment · 2bd/1ba · ~750 sqft
$678,000
Cash-Flow Report · August 1, 2026
Cap Rate
0.96%
Monthly Cash Flow
-$2,580/mo
Estimated Rent
$2,150/mo
Cash-on-Cash
-20.83%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,150 |
| Mortgage | −$3,121 |
| Property Tax | −$537 |
| Insurance | −$225 |
| Condo Fee | −$739 |
| Vacancy (5%) | −$108 |
| Cash Flow | -$2,580/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$25,800 |
| Vacancy (5%) | −$1,290 |
| Property Tax | −$6,441 |
| Insurance | −$2,700 |
| Condo Fee | −$8,868 |
| Annual NOI | $6,501 |
| Cap Rate | 0.96% |
Cash Required to Close
| Down Payment (20%) | $135,600 |
| Ontario Land Transfer Tax | $10,035 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $148,635 |
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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