2506- 8 The Esplanade N/A, Toronto C08
Toronto C08
$579,000
Cash flow, cap rate & mortgage breakdown
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Listed by HIGHLAND REALTY
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
1
Bathrooms
1
Days on Market
32
Price Drop
2%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$1,700/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to L Tower, one of downtown Toronto's most prestigious luxury residences. This bright and spacious 1-bedroom suite features a functional open-concept layout, high ceilings, a modern kitchen with premium appliances, and floor-to-ceiling windows that fill the home with natural light while offering vibrant city views. Situated in an unbeatable location between the Financial District, St. Lawrence Market, and Toronto's waterfront, you'll enjoy exceptional walkability to Union Station (TTC, GO & VIA), PATH, grocery stores, restaurants, parks, and entertainment. Residents have access to outstanding amenities. An excellent opportunity for professionals & first-time buyers seeking luxury, convenience, and the best of downtown Toronto living.
MississaugaInvestor.ca
2506- 8 The Esplanade N/A
Condo Apartment · 1bd/1ba · ~650 sqft
$579,000
Cash-Flow Report · July 31, 2026
Cap Rate
0.61%
Monthly Cash Flow
-$2,370/mo
Estimated Rent
$1,700/mo
Cash-on-Cash
-22.42%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,700 |
| Mortgage | −$2,665 |
| Property Tax | −$458 |
| Insurance | −$225 |
| Condo Fee | −$637 |
| Vacancy (5%) | −$85 |
| Cash Flow | -$2,370/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$20,400 |
| Vacancy (5%) | −$1,020 |
| Property Tax | −$5,501 |
| Insurance | −$2,700 |
| Condo Fee | −$7,644 |
| Annual NOI | $3,535 |
| Cap Rate | 0.61% |
Cash Required to Close
| Down Payment (20%) | $115,800 |
| Ontario Land Transfer Tax | $8,055 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $126,855 |
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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