
704- 323 Richmond Street, Toronto C08
Toronto C08
$520,000
Cash flow, cap rate & mortgage breakdown
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Listed by ROYAL LEPAGE SIGNATURE REALTY
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
1
Days on Market
36
Price Drop
2%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$1,950/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to this elegant one-bedroom condo + den, featuring TWO storage lockers and owned parking steps from the elevator. "All-Inclusive" maintenance fees in a well run building that provides stability to investment. This thoughtfully designed 620-square-foot open-concept space flows seamlessly throughout, with no wasted space and finishes that welcome you home.The heart of the residence features a bright, modern kitchen appointed with sleek countertops, stainless steel appliances, and a practical breakfast bar that opens to the living area. An extra pantry provides ample storage, while the spacious living room offers the perfect gathering space. A dedicated home office with generous double closets accommodates your professional needs, and floor-to-ceiling sliding glass doors frame a charming Juliette balcony-ideal for morning coffee or quiet moments. Convenience is paramount with two dedicated storage lockers and an excellent parking spot located steps from the elevators. The building itself is impeccably managed with remarkably low maintenance fees covering all utilities, while an attentive 24-hour concierge ensures your comfort. Your location is unbeatable-steps from St. Lawrence Market, the historic Distillery District, fine dining and shopping, the vibrant King East corridor, the waterfront, and direct TTC access.Exceptional amenities include a state-of-the-art gym, basketball court, library, rooftop terrace with BBQ and gas fire gazebo, heated hot tub, sauna, billiards room, party room, coffee lounge, and two conference rooms.
MississaugaInvestor.ca
704- 323 Richmond Street
Condo Apartment · 2bd/1ba · ~650 sqft
$520,000
Cash-Flow Report · August 4, 2026
Cap Rate
1.36%
Monthly Cash Flow
-$1,803/mo
Estimated Rent
$1,950/mo
Cash-on-Cash
-19%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,950 |
| Mortgage | −$2,393 |
| Property Tax | −$412 |
| Insurance | −$225 |
| Condo Fee | −$625 |
| Vacancy (5%) | −$98 |
| Cash Flow | -$1,803/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$23,400 |
| Vacancy (5%) | −$1,170 |
| Property Tax | −$4,940 |
| Insurance | −$2,700 |
| Condo Fee | −$7,500 |
| Annual NOI | $7,090 |
| Cap Rate | 1.36% |
Cash Required to Close
| Down Payment (20%) | $104,000 |
| Ontario Land Transfer Tax | $6,875 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $113,875 |
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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