1123- 460 Adelaide Street, Toronto C08
Toronto C08
$538,000
Cash flow, cap rate & mortgage breakdown
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Listed by RIGHT AT HOME REALTY
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
1
Days on Market
43
Price Drop
7%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,000/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to Axiom Condos at 460 Adelaide St E. This bright and functional 1-bedroom plus large den suite offers 669 sq. ft. of well-designed interior space, 9-ft ceilings, floor-to-ceiling windows, and a generous 125 sq. ft. private balcony.The open-concept living and dining area flows into a modern European-style kitchen with quartz countertops, a stylish backsplash, and contemporary finishes. The spacious den is a true bonus and can be used as a home office, guest area, or additional flexible living space.Enjoy a large private balcony, perfect for morning coffee, outdoor dining, or relaxing after work. A spacious locker is included, providing valuable extra storage.Located in the heart of the east downtown core, close to St. Lawrence Market, the Distillery District, Corktown Common, Sugar Beach, George Brown College, Toronto Metropolitan University, parks, restaurants, transit, and everyday conveniences. Ideal for professionals, first-time buyers, or investors looking for a modern downtown condo with excellent layout, storage, and outdoor space.
MississaugaInvestor.ca
1123- 460 Adelaide Street
Condo Apartment · 2bd/1ba · ~650 sqft
$538,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.58%
Monthly Cash Flow
-$1,767/mo
Estimated Rent
$2,000/mo
Cash-on-Cash
-17.99%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,000 |
| Mortgage | −$2,476 |
| Property Tax | −$426 |
| Insurance | −$225 |
| Condo Fee | −$540 |
| Vacancy (5%) | −$100 |
| Cash Flow | -$1,767/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$24,000 |
| Vacancy (5%) | −$1,200 |
| Property Tax | −$5,111 |
| Insurance | −$2,700 |
| Condo Fee | −$6,480 |
| Annual NOI | $8,509 |
| Cap Rate | 1.58% |
Cash Required to Close
| Down Payment (20%) | $107,600 |
| Ontario Land Transfer Tax | $7,235 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $117,835 |
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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