1409- 435 Richmond Street, Toronto C01
Toronto C01
$368,000
Cash flow, cap rate & mortgage breakdown
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Listed by BESTLIVING SIGNATURE REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
0
Bathrooms
1
Days on Market
90
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$1,350/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to the Fabrik Condo by Menkes! Conveniently Located In Heart Of Queen West, Rarely Offered Corner Studio Unit.This Sun-Filled Studio Unit Offers Spacious Open Concept Layout Surrounded With Floor-To-Ceiling Windows. Modernized Unit With Integrated Kitchen, Closet Organizers, And Hardwood Flooring. Steps From Shopping District, Restaurant, Public Transit & Experience Toronto Nightlife. Overlooking Downtown Toronto Skyline.
MississaugaInvestor.ca
1409- 435 Richmond Street
Condo Apartment · 0bd/1ba · ~250 sqft
$368,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.35%
Monthly Cash Flow
-$1,280/mo
Estimated Rent
$1,350/mo
Cash-on-Cash
-19.06%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,350 |
| Mortgage | −$1,694 |
| Property Tax | −$291 |
| Insurance | −$225 |
| Condo Fee | −$352 |
| Vacancy (5%) | −$68 |
| Cash Flow | -$1,280/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$16,200 |
| Vacancy (5%) | −$810 |
| Property Tax | −$3,496 |
| Insurance | −$2,700 |
| Condo Fee | −$4,224 |
| Annual NOI | $4,970 |
| Cap Rate | 1.35% |
Cash Required to Close
| Down Payment (20%) | $73,600 |
| Ontario Land Transfer Tax | $3,995 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $80,595 |
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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