1201- 55 Mercer Street, Toronto C01
Toronto C01
$599,990
Cash flow, cap rate & mortgage breakdown
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Listed by BAYTREE REAL ESTATE INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
1
Days on Market
105
Price Drop
5%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,050/mo
Estimated from market price-to-rent ratios
Remarks
South Facing Luxury Condo In The Heart Of Downtown Toronto. With Amazing Views Of The CN Tower & Skydome. Offering Contemporary Living In A Newly Luxurious Building Constructed In 2024. Located On The 30th Floor With Stunning Views Of Downtown Toronto. Stunning Brand New Condo Unit With 1 Bedroom + 1 Den & 1 Three Piece Washroom. Laminate Floors Throughout The Unit. Large Windows, 9' Ceilings, Modern Kitchen W/ Quartz Countertop And Built In Appliances. Grand Lobby Furnished By FENDI Features 18,000 sq. ft Of Indoor And Outdoor Amenities For Residents To Enjoy, Outdoor Fitness And Basketball Court, BBQ's And Fire Pits, Dog Walking Area. 24 HR Indoor Fitness Centre With Peloton Bikes, Valet Parking, and many more. Located in the Vibrant Entertainment District, steps away from Union Station, the Financial District, and the Waterfront all just a short walk away.
MississaugaInvestor.ca
1201- 55 Mercer Street
Condo Apartment · 2bd/1ba · ~550 sqft
$599,990
Cash-Flow Report · August 1, 2026
Cap Rate
1.57%
Monthly Cash Flow
-$1,976/mo
Estimated Rent
$2,050/mo
Cash-on-Cash
-18.04%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,050 |
| Mortgage | −$2,762 |
| Property Tax | −$475 |
| Insurance | −$225 |
| Condo Fee | −$461 |
| Vacancy (5%) | −$103 |
| Cash Flow | -$1,976/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$24,600 |
| Vacancy (5%) | −$1,230 |
| Property Tax | −$5,700 |
| Insurance | −$2,700 |
| Condo Fee | −$5,532 |
| Annual NOI | $9,438 |
| Cap Rate | 1.57% |
Cash Required to Close
| Down Payment (20%) | $119,998 |
| Ontario Land Transfer Tax | $8,475 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $131,473 |
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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