416- 20 Richardson Street, Toronto C08
Toronto C08
$678,000
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX REALTRON REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
60
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 this exceptionally priced 2-bedroom, 2-bathroom suite complete with parking and a locker in one of Toronto's waterfront! Thoughtfully designed with a highly desirable split-bedroom layout, the bedrooms are positioned on opposite sides of the unit, offering enhanced privacy and functionality for everyday living. you'll find two full bathrooms, a spacious entry foyer that creates a welcoming sense of arrival while providing privacy from the hallway, and an expansive balcony perfect for enjoying the outdoors. Freshly painted and move-in ready, this suite offers the ideal combination of comfort, convenience, and value. Residents enjoy access to an impressive collection of modern amenities, all while being steps from the waterfront, transit, parks, restaurants, and everything downtown Toronto has to offer. Whether you're a first-time buyer looking for extra space or a downsizer seeking a vibrant urban lifestyle, this is an outstanding opportunity to enjoy the best of city living just in time for summer.
MississaugaInvestor.ca
416- 20 Richardson Street
Condo Apartment · 2bd/2ba · ~650 sqft
$678,000
Cash-Flow Report · July 31, 2026
Cap Rate
0.98%
Monthly Cash Flow
-$2,569/mo
Estimated Rent
$2,150/mo
Cash-on-Cash
-20.74%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,150 |
| Mortgage | −$3,121 |
| Property Tax | −$537 |
| Insurance | −$225 |
| Condo Fee | −$728 |
| Vacancy (5%) | −$108 |
| Cash Flow | -$2,569/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$25,800 |
| Vacancy (5%) | −$1,290 |
| Property Tax | −$6,441 |
| Insurance | −$2,700 |
| Condo Fee | −$8,736 |
| Annual NOI | $6,633 |
| Cap Rate | 0.98% |
Cash Required to Close
| Down Payment (20%) | $135,600 |
| Ontario Land Transfer Tax | $10,035 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $148,635 |
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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