
9- 41 Spruce Street, Toronto C08
Toronto C08
$1,249,000
Cash flow, cap rate & mortgage breakdown
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Listed by CHESTNUT PARK REAL ESTATE LIMITED
Investment Analysis
Key Facts
Type
Condo Townhouse
Bedrooms
4
Bathrooms
3
Days on Market
43
Price Drop
4%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$3,350/mo
Estimated from market price-to-rent ratios
Remarks
Tucked within a quiet enclave in the heart of Cabbagetown, this exceptional 2+2 bedroom, 3 bathroom condo townhouse offers nearly 1,900 sq. ft. of finished above-grade living space and terrific value within a charming complex. Moreover, what truly sets this home apart is 3 additional private outdoor living spaces, including a professionally landscaped irrigated garden terrace, convenient balcony off the kitchen to make BBQing a breeze, and a sun-drenched private rooftop deck for sunbathing and gardening, all of which provide seamless indoor-outdoor living and multiple spaces to relax or entertain. A rare king-sized primary bedroom and ensuite bathroom overlook the tranquil and private courtyard, while the second bedroom and grand, spa-like bathroom with separate shower and deep soaker tub enjoy quiet views of the back terrace. Warm and inviting interiors are flooded with natural light and feature a wood-burning fireplace, updated kitchen with stainless steel appliances, modern bathrooms, fresh paint throughout, and a flexible family room or additional third bedroom. Complete with a rare private single-car garage off of the bricked courtyard of Trinity Mews plus plenty of storage within the unit, this unique offering combines the comfort and space of a house with the ease and flexibility of townhouse living in one of Toronto's most charming neighbourhoods. Bigger than it looks and meticulously maintained, this is the kind of townhouse that exceeds expectations at every turn and must be experienced in person. Do not miss this rare opportunity!
MississaugaInvestor.ca
9- 41 Spruce Street
Condo Townhouse · 4bd/3ba · ~1,900 sqft
$1,249,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.05%
Monthly Cash Flow
-$4,661/mo
Estimated Rent
$3,350/mo
Cash-on-Cash
-20.39%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,350 |
| Mortgage | −$5,749 |
| Property Tax | −$989 |
| Insurance | −$225 |
| Condo Fee | −$880 |
| Vacancy (5%) | −$168 |
| Cash Flow | -$4,661/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$40,200 |
| Vacancy (5%) | −$2,010 |
| Property Tax | −$11,866 |
| Insurance | −$2,700 |
| Condo Fee | −$10,560 |
| Annual NOI | $13,064 |
| Cap Rate | 1.05% |
Cash Required to Close
| Down Payment (20%) | $249,800 |
| Ontario Land Transfer Tax | $21,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $274,255 |
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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