2703- 224 King Street, Toronto C01
Toronto C01
$998,000
Cash flow, cap rate & mortgage breakdown
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Listed by HOMELIFE NEW WORLD REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
45
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,450/mo
Estimated from market price-to-rent ratios
Remarks
Theatre Park, Luxury Living At 224 King Street West In The Heart Of Toronto's Entertainment District. Located Next To Royal Alexandra Theatre & Across From Roy Thomson Hall, This Quiet Corner Suite Features A Split 2 Bedrooms Layout With 9-Foot Ceilings. Bright And Spacious. Updates Include A Freshly Painted, A Fully Renovated Kitchen, A Brand-New Gas Top, And Brand-New Waterproof Vinyl Flooring Throughout. This Never-Before-Rented Unit Offers A Spacious 920Sf Plus 151Sf Balcony W/Unbelievable Views. Enjoy Floor-To-Ceiling Windows And Modern Exposed Concrete Ceilings. Amenities Include A 6th-Floor Outdoor Pool, Fitness Centre, And 24-Hour Concierge. Experience 47 Storeys Of Show-Stopping Architecture Along The Mirvish Walkway.
MississaugaInvestor.ca
2703- 224 King Street
Condo Apartment · 2bd/2ba · ~950 sqft
$998,000
Cash-Flow Report · August 4, 2026
Cap Rate
0.49%
Monthly Cash Flow
-$4,191/mo
Estimated Rent
$2,450/mo
Cash-on-Cash
-22.96%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,450 |
| Mortgage | −$4,594 |
| Property Tax | −$790 |
| Insurance | −$225 |
| Condo Fee | −$909 |
| Vacancy (5%) | −$123 |
| Cash Flow | -$4,191/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$29,400 |
| Vacancy (5%) | −$1,470 |
| Property Tax | −$9,481 |
| Insurance | −$2,700 |
| Condo Fee | −$10,908 |
| Annual NOI | $4,841 |
| Cap Rate | 0.49% |
Cash Required to Close
| Down Payment (20%) | $199,600 |
| Ontario Land Transfer Tax | $16,435 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $219,035 |
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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