
316- 60 Shuter Street, Toronto C08
Toronto C08
$800,000
Cash flow, cap rate & mortgage breakdown
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Listed by T-ONE GROUP REALTY INC.,
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
3
Bathrooms
3
Days on Market
150
Price Drop
6%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,550/mo
Estimated from market price-to-rent ratios
Remarks
Client RemarksMenkes Fleur Condos - Downtown Toronto. Welcome to the Menkes Fleur Condos, positioned in the vibrant heart of downtown Toronto. This spacious 1+2 bedroom unit includes sliding doors that convert it into a versatile 3-bedroom layout. The west-facing suite offers 974 sq. ft. of thoughtfully designed living space featuring 2 full bathrooms and 1 powder room. Enjoy floor-to-ceiling windows, an open-concept layout, and abundant natural light throughout. The building provides modern amenities, including a 24-hour concierge, fitness center, yoga studio, media room, library/study, residents' lounge, party room with catering kitchen, rooftop patio with BBQ area, and a guest suite. Located steps from St. Michael's Hospital, the Li Ka Shing Knowledge Institute, and overlooking the historic St. Michael's Cathedral, this condo offers unmatched city convenience. Walk to TMU, George Brown College, University of Toronto, and Toronto's major hospitals-Princess Margaret, Mount Sinai, and Toronto General. Explore nearby attractions including City Hall, Eaton Centre, St. Lawrence Market, Union Station, Roy Thomson Hall, and renowned theatres such as Massey Hall, Mirvish Theatre, and Elgin Winter Garden. Easy TTC access via Queen and Dundas stations, plus streetcar routes to Queen's Park, Kensington Market, Chinatown, Harbourfront, Sugar Beach, and the CNE.Pet-friendly building with secure access and premium downtown living. Perfect for professionals, students, or investors seeking a contemporary urban lifestyle.
MississaugaInvestor.ca
316- 60 Shuter Street
Condo Apartment · 3bd/3ba · ~950 sqft
$800,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.12%
Monthly Cash Flow
-$2,934/mo
Estimated Rent
$2,550/mo
Cash-on-Cash
-20.06%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,550 |
| Mortgage | −$3,682 |
| Property Tax | −$633 |
| Insurance | −$225 |
| Condo Fee | −$816 |
| Vacancy (5%) | −$128 |
| Cash Flow | -$2,934/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$30,600 |
| Vacancy (5%) | −$1,530 |
| Property Tax | −$7,600 |
| Insurance | −$2,700 |
| Condo Fee | −$9,792 |
| Annual NOI | $8,978 |
| Cap Rate | 1.12% |
Cash Required to Close
| Down Payment (20%) | $160,000 |
| Ontario Land Transfer Tax | $12,475 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $175,475 |
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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