404- 761 Bay Street, Toronto C01
Toronto C01
$580,000
Cash flow, cap rate & mortgage breakdown
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Listed by CENTURY 21 NEW CONCEPT
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
94
Price Drop
11%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,050/mo
Estimated from market price-to-rent ratios
Remarks
Vacant , Great size,College Park, 761 Bay, The South Tower of The Residences of College Park Located In the vibrant Bay Street Corridor. This highly sought after condo offers a Gorgeous Unit 755 Sqf 1+1 unit with parking & locker. Bright and spacious layout with flow and functionality. granite countertop. Open concept combined living & dining venture out to East facing balcony (40 Sqf ).Primary bedroom w/ 4 pc ensuite, and one Washroom(Powder Room) Huge Den perfect for office space or Putting Bed. , additional storage, or a nursery or second bedroom. Enjoy world-class amenities, including a 24-hour concierge, indoor pool, gym, sauna, virtual golf, yoga studio, guest suites, and a party room. Direct access to the underground PATH system allows for weatherproof travel to financial district offices, grocery stores, shopping, IKEA and TTC transit. Just steps from Toronto Metropolitan University, University of Toronto, hospitals, and trendy dining & entertainment. Prime location ideal for professionals, students, and investors.
MississaugaInvestor.ca
404- 761 Bay Street
Condo Apartment · 2bd/2ba · ~750 sqft
$580,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.2%
Monthly Cash Flow
-$2,089/mo
Estimated Rent
$2,050/mo
Cash-on-Cash
-19.73%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,050 |
| Mortgage | −$2,670 |
| Property Tax | −$459 |
| Insurance | −$225 |
| Condo Fee | −$682 |
| Vacancy (5%) | −$103 |
| Cash Flow | -$2,089/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$24,600 |
| Vacancy (5%) | −$1,230 |
| Property Tax | −$5,510 |
| Insurance | −$2,700 |
| Condo Fee | −$8,184 |
| Annual NOI | $6,976 |
| Cap Rate | 1.2% |
Cash Required to Close
| Down Payment (20%) | $116,000 |
| Ontario Land Transfer Tax | $8,075 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $127,075 |
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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