
514- 1121 Steeles Avenue, Toronto C07
Toronto C07
$439,900
Cash flow, cap rate & mortgage breakdown
Enter your email to unlock them right here.
Free forever. No credit card. Unsubscribe anytime.
Listed by RE/MAX HALLMARK BATORI GROUP INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
50
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
Welcome to The Primrose Towers, a sought-after gated community set amongst beautifully landscaped grounds and resort-style amenities. This spacious 2-bedroom, 2-bathroom suite offers over 900 sq. ft. of bright, sun-filled living space, plus a private balcony with peaceful treetop views. A rare offering, the unit includes two tandem parking spaces. Whether you're a first-time buyer, downsizer, or savvy renovator, this home presents an incredible opportunity to create your dream space. Consider it a blank canvas-ready for your personal vision and special touches. With generous principal rooms and an ideal layout, you can renovate and customize to your heart's desire. Enjoy effortless living with 24-hour gatehouse security and an impressive array of amenities, including manicured gardens, an outdoor pool, gym, sauna, whirlpool, squash/racquetball and tennis courts, billiards room, library, social rooms, and more. Ideally located within walking distance to Metro, FreshCo, Shoppers Drug Mart, banks, cafés, Kiva's Bakery, and everyday conveniences, with easy TTC access and quick connections to the subway. An exceptional opportunity in a well-established community offering comfort, convenience, and endless potential.
MississaugaInvestor.ca
514- 1121 Steeles Avenue
Condo Apartment · 2bd/2ba · ~950 sqft
$439,900
Cash-Flow Report · July 31, 2026
Cap Rate
0.59%
Monthly Cash Flow
-$1,808/mo
Estimated Rent
$1,900/mo
Cash-on-Cash
-22.54%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,900 |
| Mortgage | −$2,025 |
| Property Tax | −$348 |
| Insurance | −$225 |
| Condo Fee | −$1,015 |
| Vacancy (5%) | −$95 |
| Cash Flow | -$1,808/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$22,800 |
| Vacancy (5%) | −$1,140 |
| Property Tax | −$4,179 |
| Insurance | −$2,700 |
| Condo Fee | −$12,180 |
| Annual NOI | $2,601 |
| Cap Rate | 0.59% |
Cash Required to Close
| Down Payment (20%) | $87,980 |
| Ontario Land Transfer Tax | $5,273 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $96,253 |
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
Get the Full Cash-Flow Report
A one-page PDF: cap rate, cash flow, mortgage breakdown, NOI and total cash to close — all assumptions in one printable summary.
Also unlocks cap rate, sold comps & mortgage detail.