2212- 230 Simcoe Street, Toronto C01
Toronto C01
$689,900
Cash flow, cap rate & mortgage breakdown
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Listed by CENTURY 21 LEADING EDGE REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
85
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,150/mo
Estimated from market price-to-rent ratios
Remarks
Welcome To Artists Alley Condos In The Heart Of Downtown Toronto Near Dundas & University. This Split Two Bedrooms With Two Washroom Unit Offers Almost 700 Sq Ft Of Interior Living Space And A Large Wrapped Balcony W. Laminate Flooring In Living/Dining/Kitchen, Floor To Ceiling Windows. Modern Kitchen With B/I Appliances And Backsplash. Primary Bedroom With 4 Pc Ensuite Bathroom. It's Fantastic place to enjoy the urban lifestyle. Excellent Building Location, Steps To Subway Station, OCAD, Queen's Park, Groceries, Hospitals, Financial Districts, Bars, Restaurants And All Daily Essentials.
MississaugaInvestor.ca
2212- 230 Simcoe Street
Condo Apartment · 2bd/2ba · ~650 sqft
$689,900
Cash-Flow Report · July 31, 2026
Cap Rate
1.27%
Monthly Cash Flow
-$2,447/mo
Estimated Rent
$2,150/mo
Cash-on-Cash
-19.41%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,150 |
| Mortgage | −$3,176 |
| Property Tax | −$546 |
| Insurance | −$225 |
| Condo Fee | −$542 |
| Vacancy (5%) | −$108 |
| Cash Flow | -$2,447/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$25,800 |
| Vacancy (5%) | −$1,290 |
| Property Tax | −$6,554 |
| Insurance | −$2,700 |
| Condo Fee | −$6,504 |
| Annual NOI | $8,752 |
| Cap Rate | 1.27% |
Cash Required to Close
| Down Payment (20%) | $137,980 |
| Ontario Land Transfer Tax | $10,273 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $151,253 |
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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