
229 Florence Avenue, Toronto C07
Toronto C07
$3,998,000
Cash flow, cap rate & mortgage breakdown
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Listed by FOREST HILL REAL ESTATE INC.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
5
Bathrooms
6
Days on Market
46
Price Drop
7%
Year Built
N/A
Status
Active
Basement Income
Suite Potential (+$1,445/mo)
Rent Estimate
Estimated from market price-to-rent ratios · Verify suite legality with the City of Mississauga
Remarks
Absolutely STUNNING Showstopper! This custom-built residence blends timeless elegance w/ modern luxury in the highly sought-after West Lansing neighbourhood of North York. Unmatched craftsmanship & lavish materials define this extraordinary home. Boasting appx 5,500 sq ft of living space (approx. 4,100 sq ft above grade), the home feat. a striking custom stone façade w/ brick sides & rear, natural stone front steps & walkout. Fully automated sensor snow-melting system covers driveway, porch, steps & side entrance, while the insulated garage provides premium functionality. The grand foyer impresses w/ dramatic 15-ft ceilings, custom millwork, built-in pantry & office w/ built-in bookcases. The main flr offers 10-ft ceilings thruout, where living & dining rms flow effortlessly, highlighted by a gas fireplace & custom wine cellar wall. The showpiece kitchen feat. top-of-the-line Miele built-in appls, oversized natural soapstone island w/ breakfast bar, spacious pantry & seamless connection to the family rm. Floor-to-ceiling picture windows fill the home w/ natural light. Walkout to large deck perfect for outdoor entertaining. Upstairs w/ 9.5-ft ceilings, the primary suite offers a private retreat complete w/ spa-inspired ensuite feat. heated flrs, custom dressing rm, mini bar & private balcony. Three additional bedrms, each w/ ensuite/semi-ensuite, provide comfort & privacy. The finished walk-up lower level offers versatility for extended family or potential rental income, w/ fully equipped second kitchen, additional ensuite bedrm, soaring 16-ft ceilings & hydronic heated flrs thruout. Additional features incl. 4-stop walnut interior elevator serving all levels, Control4 home automation, comprehensive security system & smart home w/ six night-vision colour cameras, motion sensors & glass-break detection, central vacuum, plus indoor & outdoor speakers. 2 ACs & 2 furnaces (separate for basement) complete this exceptional residence.
MississaugaInvestor.ca
229 Florence Avenue
Detached · 5bd/6ba · ~4,250 sqft
$3,998,000
Cash-Flow Report · July 31, 2026
Cap Rate
0.46%
Monthly Cash Flow
-$16,864/mo
Estimated Rent
$8,695/mo
Cash-on-Cash
-22.76%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$8,695 |
| Mortgage | −$18,402 |
| Property Tax | −$3,165 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$3,332 |
| Vacancy (5%) | −$435 |
| Cash Flow | -$16,864/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$104,340 |
| Vacancy (5%) | −$5,217 |
| Property Tax | −$37,981 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$39,980 |
| Annual NOI | $18,462 |
| Cap Rate | 0.46% |
Cash Required to Close
| Down Payment (20%) | $799,600 |
| Ontario Land Transfer Tax | $86,425 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $889,025 |
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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