2603- 20 Richardson Street, Toronto C08
Toronto C08
$899,900
Cash flow, cap rate & mortgage breakdown
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Listed by GLOBAL BRICKS EXECUTIVE HOMES REALTY
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
3
Bathrooms
2
Days on Market
30
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,700/mo
Estimated from market price-to-rent ratios
Remarks
Located In Beautiful Toronto Waterfront Community. This Luxury Corner Unit Offers SE Lake View 2Beds + A Den,2 Full Bath Suite.863 Sf Interior+146 Sf Balcony.Tons Of Natural Light.A GourmetKitchen With Integrated Appliances And Island.Beautiful Vinyl Floors Throughout, Modern Baths, AndA Spacious Private Balcony With Gorgeous Views. Great Layout! Close To - Loblaws, Lcbo, SugarBeach, Gardiner, St Lawrence Market, TTC, & More!
MississaugaInvestor.ca
2603- 20 Richardson Street
Condo Apartment · 3bd/2ba · ~850 sqft
$899,900
Cash-Flow Report · August 2, 2026
Cap Rate
1%
Monthly Cash Flow
-$3,393/mo
Estimated Rent
$2,700/mo
Cash-on-Cash
-20.62%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,700 |
| Mortgage | −$4,142 |
| Property Tax | −$712 |
| Insurance | −$225 |
| Condo Fee | −$879 |
| Vacancy (5%) | −$135 |
| Cash Flow | -$3,393/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$32,400 |
| Vacancy (5%) | −$1,620 |
| Property Tax | −$8,549 |
| Insurance | −$2,700 |
| Condo Fee | −$10,548 |
| Annual NOI | $8,983 |
| Cap Rate | 1% |
Cash Required to Close
| Down Payment (20%) | $179,980 |
| Ontario Land Transfer Tax | $14,473 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $197,453 |
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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