PH704- 399 Spring Garden Avenue, Toronto C14
Toronto C14
$694,900
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX HALLMARK REALTY LTD.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
3
Bathrooms
2
Days on Market
59
Price Drop
3%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,450/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to Jade Condominiums! Bright and Spacious corner unit in this exclusive 7-storey building. Featuring a split-bedroom layout, this spacious unit boasts high ceilings and a modern kitchen with upgraded cabinetry and sleek countertops. Enjoy panoramic north-facing views from two private balconies, great for relaxing or entertaining. Located just steps from Bayview Village Shopping Centre and Bayview Subway Station, this residence offers unmatched convenience and upscale amenities. 3 !!! parking spots as per status.
MississaugaInvestor.ca
PH704- 399 Spring Garden Avenue
Condo Apartment · 3bd/2ba · ~950 sqft
$694,900
Cash-Flow Report · July 31, 2026
Cap Rate
0.5%
Monthly Cash Flow
-$2,911/mo
Estimated Rent
$2,450/mo
Cash-on-Cash
-22.93%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,450 |
| Mortgage | −$3,199 |
| Property Tax | −$550 |
| Insurance | −$225 |
| Condo Fee | −$1,264 |
| Vacancy (5%) | −$123 |
| Cash Flow | -$2,911/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$29,400 |
| Vacancy (5%) | −$1,470 |
| Property Tax | −$6,602 |
| Insurance | −$2,700 |
| Condo Fee | −$15,168 |
| Annual NOI | $3,460 |
| Cap Rate | 0.5% |
Cash Required to Close
| Down Payment (20%) | $138,980 |
| Ontario Land Transfer Tax | $10,373 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $152,353 |
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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