601- 117 Gerrard Street, Toronto C08
Toronto C08
$449,900
Cash flow, cap rate & mortgage breakdown
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Listed by REMAX CONNECT REALTY
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
1
Days on Market
158
Price Drop
10%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$1,900/mo
Estimated from market price-to-rent ratios
Remarks
Shows to perfection! Open concept condo Boasting Newer Kitchen And Bathroom With Quartz Countertops And Luxury Vinyl Floor, Updated Flooring Throughout, Bright And Sunny With Master Bedroom With Sliding Door. West Facing, Close To All Amenities, Boutique Building , Only 13 Floors With Rooftop Terrace, 24 Hour Concierge, Visitor Parking, Gym, Party Room, Steps To All Amenities. Walk To Yonge Street And The Eaton's Centre. Guest Parking And Close To Public Transportation. Turn key unit! Move in and put your feet up! Almont 700 square feet!
MississaugaInvestor.ca
601- 117 Gerrard Street
Condo Apartment · 2bd/1ba · ~650 sqft
$449,900
Cash-Flow Report · July 31, 2026
Cap Rate
1.06%
Monthly Cash Flow
-$1,673/mo
Estimated Rent
$1,900/mo
Cash-on-Cash
-20.39%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,900 |
| Mortgage | −$2,071 |
| Property Tax | −$356 |
| Insurance | −$225 |
| Condo Fee | −$826 |
| Vacancy (5%) | −$95 |
| Cash Flow | -$1,673/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$22,800 |
| Vacancy (5%) | −$1,140 |
| Property Tax | −$4,274 |
| Insurance | −$2,700 |
| Condo Fee | −$9,912 |
| Annual NOI | $4,774 |
| Cap Rate | 1.06% |
Cash Required to Close
| Down Payment (20%) | $89,980 |
| Ontario Land Transfer Tax | $5,473 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $98,453 |
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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