
420- 120 Homewood Avenue, Toronto C08
Toronto C08
$778,000
Cash flow, cap rate & mortgage breakdown
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Listed by HOMELIFE/BAYVIEW REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
1
Days on Market
59
Price Drop
6%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,250/mo
Estimated from market price-to-rent ratios
Remarks
*** A unique loft for discerning taste at Tridel's Gold LEED certified Verve featuring soaring 10' smooth ceiling and a wide design allowing for plenty of light and versatile furniture set up. Overlooking the park, meticulously maintained, offering a like-new feel. Perfectly positioned- nestled in the middle of the building, (away from elevators, stairs, chute) low traffic & quiet. *** The well-designed kitchen is sure to impress- featuring a large centre island with seating for four, abundant quality cabinetry, upgraded finishes, and a quartz countertop. Numerous other highlights: hardwood flooring with plywood underneath (additional insulation- in terms of temperature and noise), custom Hunter Douglas blinds and custom drapery, closet doors, crown mouldings, contemporary crystal light fixtures. 2nd bedroom sliding doors were removed- to allow for more open flow. Enjoy the outdoor space - a spacious balcony spanning the width of the unit, facing east & overlooking the park. Building amenities include: resort style rooftop outdoor pool with cabanas, BBQ areas, state of the art -bright & extensive gym, yoga studio, steam & dry saunas, billiard room, meeting room, dining & party room, bike storage, visitor parking. Area Amenities: Steps to Rabba, Red Rocket, Wellesley/ Sherbourne bus can connect to Yonge or Bloor subway line. Close proximity to Yonge & Bloor, Yorkville, U of T, Queen's Park, numerous Hospitals (St. Michael's, Mount Sinai, Toronto General, Princess Margaret, UHN). Other nearby highlights: Allan Gardens, Riverdale park west, Rosedale Ravine Lands, bike paths, easy access to DVP. Prime P1 parking spot- steps to elevator. Convenient locker room also on P1-easy access location. *Photos reflect virtual staging, virtual de-staging.
MississaugaInvestor.ca
420- 120 Homewood Avenue
Condo Apartment · 2bd/1ba · ~750 sqft
$778,000
Cash-Flow Report · July 31, 2026
Cap Rate
1%
Monthly Cash Flow
-$2,932/mo
Estimated Rent
$2,250/mo
Cash-on-Cash
-20.62%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,250 |
| Mortgage | −$3,581 |
| Property Tax | −$616 |
| Insurance | −$225 |
| Condo Fee | −$647 |
| Vacancy (5%) | −$113 |
| Cash Flow | -$2,932/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$27,000 |
| Vacancy (5%) | −$1,350 |
| Property Tax | −$7,391 |
| Insurance | −$2,700 |
| Condo Fee | −$7,764 |
| Annual NOI | $7,795 |
| Cap Rate | 1% |
Cash Required to Close
| Down Payment (20%) | $155,600 |
| Ontario Land Transfer Tax | $12,035 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $170,635 |
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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