
1106- 15 Iceboat Terrace, Toronto C01
Toronto C01
$749,888
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX WEST REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
27
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,200/mo
Estimated from market price-to-rent ratios
Remarks
Experience elevated downtown living in this beautifully appointed 2 bedroom, 2 bathroom suite at Cityplace Parade condos, complete with 1 underground parking. Ideally situated just moments from the waterfront, the Gardiner Expressway, the CN Tower, Rogers Centre, world class dining, shopping, parks, and public transit. This exceptional home places the very best of Toronto at your doorstep while also providing an easy drive out of the city for those who commute. Designed with both style and functionality in mind, the open concept layout features soaring 9 foot ceilings, floor to ceiling windows that flood the space with natural light, motorized blinds, elegant stone countertops and backsplashes, and views of the city, lake, and passing aircraft taking off and landing at Billy Bishop Toronto City Airport. Enjoy an outstanding collection of amenities, including 24 hour concierge service, an indoor pool, fitness centre, squash court, theatre room, lounge, BBQ area, visitor parking, and more. If you're looking for the perfect blend of amenities, convenience, and vibrant city living, this is a suite you won't want to miss.
MississaugaInvestor.ca
1106- 15 Iceboat Terrace
Condo Apartment · 2bd/2ba · ~750 sqft
$749,888
Cash-Flow Report · July 31, 2026
Cap Rate
0.88%
Monthly Cash Flow
-$2,903/mo
Estimated Rent
$2,200/mo
Cash-on-Cash
-21.18%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,200 |
| Mortgage | −$3,452 |
| Property Tax | −$594 |
| Insurance | −$225 |
| Condo Fee | −$722 |
| Vacancy (5%) | −$110 |
| Cash Flow | -$2,903/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$26,400 |
| Vacancy (5%) | −$1,320 |
| Property Tax | −$7,124 |
| Insurance | −$2,700 |
| Condo Fee | −$8,664 |
| Annual NOI | $6,592 |
| Cap Rate | 0.88% |
Cash Required to Close
| Down Payment (20%) | $149,977.6 |
| Ontario Land Transfer Tax | $11,473 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $164,450.6 |
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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