204- 15 Maitland Place, Toronto C08
Toronto C08
$459,000
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX CONDOS PLUS CORPORATION
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
1
Days on Market
51
Price Drop
5%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$1,900/mo
Estimated from market price-to-rent ratios
Remarks
*Motivated Seller* Welcome to The L'Esprit Condominiums: a well-maintained, primarily owner-occupied community with resort-style amenities including an inground pool, gym, basketball court, outdoor track, tennis courts, private park, and 24/7 concierge. This spacious 830sq ft 1-bedroom plus den with an additional solarium offers flexible living space that can easily be converted into a second bedroom. Exceptional value at only $553 per sq. ft. The suite includes a deeded parking spot, storage locker, and generous in-suite storage. All-inclusive maintenance fees cover utilities and access to all amenities. Move-in ready and full of potential, this is a must-see opportunity in a beautifully updated building.
MississaugaInvestor.ca
204- 15 Maitland Place
Condo Apartment · 2bd/1ba · ~850 sqft
$459,000
Cash-Flow Report · July 31, 2026
Cap Rate
0.44%
Monthly Cash Flow
-$1,946/mo
Estimated Rent
$1,900/mo
Cash-on-Cash
-23.25%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,900 |
| Mortgage | −$2,113 |
| Property Tax | −$363 |
| Insurance | −$225 |
| Condo Fee | −$1,050 |
| Vacancy (5%) | −$95 |
| Cash Flow | -$1,946/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$22,800 |
| Vacancy (5%) | −$1,140 |
| Property Tax | −$4,361 |
| Insurance | −$2,700 |
| Condo Fee | −$12,600 |
| Annual NOI | $1,999 |
| Cap Rate | 0.44% |
Cash Required to Close
| Down Payment (20%) | $91,800 |
| Ontario Land Transfer Tax | $5,655 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $100,455 |
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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