2204- 197 Yonge Street, Toronto C08
Toronto C08
$499,000
Cash flow, cap rate & mortgage breakdown
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Listed by BAY STREET GROUP INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
1
Bathrooms
1
Days on Market
65
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$1,650/mo
Estimated from market price-to-rent ratios
Remarks
Bright & Thoughtfully Designed Suite Featuring a Forever Unobstructed East View, Flooded with Natural Light Through Expansive Windows and 9' Ceilings. Functional Layout with Sleek Sliding Doors, Spacious Centre Island, and Excellent Storage Throughout. Includes a Rare & Valuable Parking Space in the Heart of Downtown Toronto.Located at Prestigious Massey Tower, Just Steps to Dundas Subway Station, Streetcars, Eaton Centre, TMU, U of T, Financial District, Eataly, T&T, H Mart, Longo's, Restaurants, Cafes & Entertainment. Enjoy Luxury Amenities Including 24-Hour Concierge, Fitness Centre, Yoga Studio, Steam Rooms, Party Lounge, Piano Bar-Inspired Social Space, and Stunning Outdoor Terrace with Water Feature.An Exceptional Opportunity for End-Users or Investors Seeking Luxury Downtown Living with Unmatched Convenience, Connectivity & Lifestyle.
MississaugaInvestor.ca
2204- 197 Yonge Street
Condo Apartment · 1bd/1ba · ~550 sqft
$499,000
Cash-Flow Report · August 2, 2026
Cap Rate
0.1%
Monthly Cash Flow
-$2,257/mo
Estimated Rent
$1,650/mo
Cash-on-Cash
-24.79%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,650 |
| Mortgage | −$2,297 |
| Property Tax | −$395 |
| Insurance | −$225 |
| Condo Fee | −$907 |
| Vacancy (5%) | −$83 |
| Cash Flow | -$2,257/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$19,800 |
| Vacancy (5%) | −$990 |
| Property Tax | −$4,741 |
| Insurance | −$2,700 |
| Condo Fee | −$10,884 |
| Annual NOI | $485 |
| Cap Rate | 0.1% |
Cash Required to Close
| Down Payment (20%) | $99,800 |
| Ontario Land Transfer Tax | $6,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $109,255 |
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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