3610- 55 Mercer Street, Toronto C01
Toronto C01
$449,900
Cash flow, cap rate & mortgage breakdown
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Listed by BAYTREE REAL ESTATE INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
1
Bathrooms
1
Days on Market
81
Price Drop
20%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$1,600/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to 55 Mercer St - Sleek, Modern, and Full of Convenience!This 1-bedroom suite features sleek, modern finishes, offering the perfect blend of comfort, practicality, and style. Located in the heart of downtown, this condo offers unmatched walkability - with the TTC, shops, theatres, restaurants, cafés, and everything you need just a short stroll from your doorstep.Building amenities include:Fitness centre Party room 24-hour concierge Rooftop terrace Guest suites Experience the best of downtown living with convenience at every turn and a stylish home that offers the ideal urban lifestyle. Great for both primary home owners enjoying convenient luxury amenities and investors looking for absolutely quick rent turn-over unit with one of the lowest vacancy rate.
MississaugaInvestor.ca
3610- 55 Mercer Street
Condo Apartment · 1bd/1ba · ~250 sqft
$449,900
Cash-Flow Report · August 1, 2026
Cap Rate
1.53%
Monthly Cash Flow
-$1,497/mo
Estimated Rent
$1,600/mo
Cash-on-Cash
-18.25%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,600 |
| Mortgage | −$2,071 |
| Property Tax | −$356 |
| Insurance | −$225 |
| Condo Fee | −$365 |
| Vacancy (5%) | −$80 |
| Cash Flow | -$1,497/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$19,200 |
| Vacancy (5%) | −$960 |
| Property Tax | −$4,274 |
| Insurance | −$2,700 |
| Condo Fee | −$4,380 |
| Annual NOI | $6,886 |
| Cap Rate | 1.53% |
Cash Required to Close
| Down Payment (20%) | $89,980 |
| Ontario Land Transfer Tax | $5,473 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $98,453 |
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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