
803- 62 Wellesley Street, Toronto C01
Toronto C01
$1,025,000
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX CONDOS PLUS CORPORATION
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
3
Bathrooms
2
Days on Market
112
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,800/mo
Estimated from market price-to-rent ratios
Remarks
Welcome To Queen's Park Place, A Boutique Building Offering A Unique Living Experience With Only 100 Units. This Spotless Suite Is Approximately 1526 Square Feet And Features Some Modern Updates That Enhance Its Appeal. The Abundant Natural Light Creates A Bright And Inviting Atmosphere, While The Well-Designed Layout Ensures A Great Flow Of Air Throughout The Space. Enjoy Stunning Views Of The CN Tower And A South-Facing Aspect That Fills The Rooms With Light. The Formal Dining Room Is Perfect For Entertaining Guests, Providing A Stylish Space For Special Gatherings. A Large Solarium Is Accessible From All Rooms, Offering A Versatile Area That Can Be Used As A Relaxation Spot, An Office, Or A Plant Sanctuary. The Kitchen Features A Cozy Breakfast Area, Ideal For Casual Meals And Morning Coffee. The Suite Includes A Spacious Master Bedroom With Updated Insulated Soundproofing Between The Bedroom Walls, Ensuring Peace And Privacy. Residents Of Queen's Park Place Enjoy An Array Of Amenities Enhancing Their Lifestyle. The Building Boasts A Swimming Pool, A Well-Equipped Gym, A Squash Court, And A Table Tennis Room, Ensuring That There Is Something For Everyone. Unwind In The Sundeck Area Or Explore The Amazing Rooftop Terrace, Offering Breathtaking Views Of Downtown Toronto And Stunning Sunsets. Picture Yourself Hosting Get-Togethers Against The Skyline Backdrop, Creating Unforgettable Memories With Friends. The Building Is Mostly Owner-Occupied, Ensuring A Sense Of Community And Security Among Residents. Visitor Parking Is Available, Providing Convenient Access For Your Guests, Adding Another Layer Of Comfort To This Exceptional Community. Queen's Park Place Is Not Just A Home; It Is A Lifestyle Choice, Combining Elegance, Convenience, And A Welcoming Atmosphere In One Of Toronto's Most Desirable Locations. With Its Boutique Setting, Impressive Amenities, And Thoughtfully Designed Suite, This Opportunity Is One Not To Be Missed.
MississaugaInvestor.ca
803- 62 Wellesley Street
Condo Apartment · 3bd/2ba · ~1,500 sqft
$1,025,000
Cash-Flow Report · July 31, 2026
Cap Rate
0.06%
Monthly Cash Flow
-$4,669/mo
Estimated Rent
$2,800/mo
Cash-on-Cash
-24.9%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,800 |
| Mortgage | −$4,718 |
| Property Tax | −$812 |
| Insurance | −$225 |
| Condo Fee | −$1,574 |
| Vacancy (5%) | −$140 |
| Cash Flow | -$4,669/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$33,600 |
| Vacancy (5%) | −$1,680 |
| Property Tax | −$9,738 |
| Insurance | −$2,700 |
| Condo Fee | −$18,888 |
| Annual NOI | $594 |
| Cap Rate | 0.06% |
Cash Required to Close
| Down Payment (20%) | $205,000 |
| Ontario Land Transfer Tax | $16,975 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $224,975 |
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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