Ph08- 35 Saranac Boulevard, Toronto C04
Toronto C04
$465,000
Cash flow, cap rate & mortgage breakdown
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Listed by CENTURY 21 MILLER REAL ESTATE LTD.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
1
Days on Market
55
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$1,900/mo
Estimated from market price-to-rent ratios
Remarks
Elevate Your Lifestyle With This Exceptional Penthouse Residence Featuring9-Ft Ceilings And A Luminous, Well-Proportioned Layout. Designed For Both Comfort And Style, The Suite Offers Refined Living In A Meticulously Maintained Building. Residents Enjoy Access To Premium Amenities Including A Rooftop Terrace With Sweeping CN Tower Views And A Fully Equipped Fitness Centre. Perfectly Positioned In A Sought-After Central Location, Just Moments From Shopping, Transit, Schools, And Major Highways. With Low Maintenance Fees And Outstanding Condition Throughout, This Residence Presents A Rare Opportunity For Discerning Buyers Or Investors. Pls contact the listing agent for leasing or purchasing a parking spot in the building underground garage.
MississaugaInvestor.ca
Ph08- 35 Saranac Boulevard
Condo Apartment · 2bd/1ba · ~650 sqft
$465,000
Cash-Flow Report · August 2, 2026
Cap Rate
1.92%
Monthly Cash Flow
-$1,394/mo
Estimated Rent
$1,900/mo
Cash-on-Cash
-16.44%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,900 |
| Mortgage | −$2,140 |
| Property Tax | −$368 |
| Insurance | −$225 |
| Condo Fee | −$466 |
| Vacancy (5%) | −$95 |
| Cash Flow | -$1,394/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$22,800 |
| Vacancy (5%) | −$1,140 |
| Property Tax | −$4,418 |
| Insurance | −$2,700 |
| Condo Fee | −$5,592 |
| Annual NOI | $8,950 |
| Cap Rate | 1.92% |
Cash Required to Close
| Down Payment (20%) | $93,000 |
| Ontario Land Transfer Tax | $5,775 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $101,775 |
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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