504- 15 Richardson Street, Toronto C08
Toronto C08
$320,332
Cash flow, cap rate & mortgage breakdown
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Listed by TFN REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
0
Bathrooms
1
Days on Market
24
Price Drop
5%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$1,300/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to Quay House by Empire Homes in the heart of downtown Toronto, right on the shores of Lake Ontario. This brand new condo features an open-concept layout with floor-to-ceiling windows, a modern kitchen with built-in appliances, and a spacious living area. Residents enjoy premium amenities, including 24-hour concierge, fitness centre, study lounge, co-working space, party room, catering kitchen, indoor lounge and dining area, rooftop terrace with BBQ, gated pet area and complimentary bike storage. Just steps from Sugar Beach, the Distillery District, St. Lawrence Market, Scotiabank Arena, and Union Station.
MississaugaInvestor.ca
504- 15 Richardson Street
Condo Apartment · 0bd/1ba · ~250 sqft
$320,332
Cash-Flow Report · July 31, 2026
Cap Rate
1.99%
Monthly Cash Flow
-$943/mo
Estimated Rent
$1,300/mo
Cash-on-Cash
-16.09%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,300 |
| Mortgage | −$1,474 |
| Property Tax | −$254 |
| Insurance | −$225 |
| Condo Fee | −$225 |
| Vacancy (5%) | −$65 |
| Cash Flow | -$943/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$15,600 |
| Vacancy (5%) | −$780 |
| Property Tax | −$3,043 |
| Insurance | −$2,700 |
| Condo Fee | −$2,700 |
| Annual NOI | $6,377 |
| Cap Rate | 1.99% |
Cash Required to Close
| Down Payment (20%) | $64,066.4 |
| Ontario Land Transfer Tax | $3,280 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $70,346.4 |
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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