2805- 18 Spring Garden Avenue, Toronto C14
Toronto C14
$729,000
Cash flow, cap rate & mortgage breakdown
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Listed by MASTER`S CHOICE REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
3
Bathrooms
2
Days on Market
31
Price Drop
9%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,500/mo
Estimated from market price-to-rent ratios
Remarks
Rarely Available Corner Suite at Yonge & Sheppard! Experience over 1,000 sq. ft. of luxurious indoor living in the vibrant heart of North York. This gorgeous 2-bedroom plus den corner unit features a highly desired split-layout with stunning, unobstructed northeast views. Every bedroom boasts large windows-including the kitchen-filling the space with natural light. The versatile den features its own window and can easily be converted into a true third bedroom (by just adding a door). Enjoy a seamless open-concept living and dining area perfect for entertaining, plus a spacious private balcony. Steps from the Yonge/Sheppard TTC subway station, premier shopping, dining, and cafes. Watch the virtual tour today! Maintenance covers all utilities (heat, hydro, water)
MississaugaInvestor.ca
2805- 18 Spring Garden Avenue
Condo Apartment · 3bd/2ba · ~1,100 sqft
$729,000
Cash-Flow Report · August 3, 2026
Cap Rate
0.92%
Monthly Cash Flow
-$2,793/mo
Estimated Rent
$2,500/mo
Cash-on-Cash
-20.97%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,500 |
| Mortgage | −$3,355 |
| Property Tax | −$577 |
| Insurance | −$225 |
| Condo Fee | −$1,011 |
| Vacancy (5%) | −$125 |
| Cash Flow | -$2,793/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$30,000 |
| Vacancy (5%) | −$1,500 |
| Property Tax | −$6,926 |
| Insurance | −$2,700 |
| Condo Fee | −$12,132 |
| Annual NOI | $6,742 |
| Cap Rate | 0.92% |
Cash Required to Close
| Down Payment (20%) | $145,800 |
| Ontario Land Transfer Tax | $11,055 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $159,855 |
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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