
201- 240 Heath Street, Toronto C03
Toronto C03
$1,349,900
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX ULTIMATE REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
58
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,850/mo
Estimated from market price-to-rent ratios
Remarks
Experience boutique luxury living in the heart of Forest Hill Village. This rare 1,959 sq.ft. corner residence offers an elevated sense of privacy-only four suites per floor-while wrapped in unobstructed southwest views and an expansive wrap-around balcony accessible from multiple rooms.A grand double-door foyer-a true Toronto rarity-welcomes you into an open-concept living and dining space framed by floor-to-ceiling windows. The large eat-in kitchen, also with balcony access, is ideal for effortless daily living and elegant entertaining.The expansive primary suite features a generous walk-in closet leading to a luxurious 5-piece ensuite bath. A bright and spacious second bedroom with panoramic windows, plus a full-size laundry room with sink, adds exceptional convenience.This meticulously maintained boutique building offers refined amenities: gym, pool, party room, and a serene private parkette. Completing the offering are two parking spaces and a locker-a rare Forest Hill luxury.Modern. Private. Uncompromising. Your next chapter begins here.
MississaugaInvestor.ca
201- 240 Heath Street
Condo Apartment · 2bd/2ba · ~1,900 sqft
$1,349,900
Cash-Flow Report · July 31, 2026
Cap Rate
-1.1%
Monthly Cash Flow
-$7,455/mo
Estimated Rent
$2,850/mo
Cash-on-Cash
-30.18%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,850 |
| Mortgage | −$6,213 |
| Property Tax | −$1,069 |
| Insurance | −$225 |
| Condo Fee | −$2,655 |
| Vacancy (5%) | −$143 |
| Cash Flow | -$7,455/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$34,200 |
| Vacancy (5%) | −$1,710 |
| Property Tax | −$12,824 |
| Insurance | −$2,700 |
| Condo Fee | −$31,860 |
| Annual NOI | $-14,894 |
| Cap Rate | -1.1% |
Cash Required to Close
| Down Payment (20%) | $269,980 |
| Ontario Land Transfer Tax | $23,473 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $296,453 |
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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