2402- 28 Ted Rogers Way, Toronto C08
Toronto C08
$499,000
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX REALTRON WENDY ZHENG REALTY
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
1
Days on Market
22
Price Drop
None
Year Built
N/A
Status
Closed
Basement Income
None Detected
Rent Estimate
$1,950/mo
Estimated from market price-to-rent ratios
Remarks
Built by Monarch, this bright and spacious SE corner suite features a highly desirable split 2-bedroom open-concept layout with floor-to-ceiling windows offering spectacular lake and city views. Modern kitchen with S/S appliances, granite countertops and ample cabinetry. Functional floor plan with generous-sized bedrooms and abundant natural light throughout. Enjoy excellent building amenities in an unbeatable downtown location. Steps to Yonge & Bloor subway stations, Yorkville, Bloor St. shopping, restaurants, cafés, grocery stores, parks and more. Ideal for end-users and investors seeking luxury urban living in one of Toronto's most sought-after neighbourhoods. Close to U of T, 1 Parking 1 Locker
MississaugaInvestor.ca
2402- 28 Ted Rogers Way
Condo Apartment · 2bd/1ba · ~750 sqft
$499,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.07%
Monthly Cash Flow
-$1,854/mo
Estimated Rent
$1,950/mo
Cash-on-Cash
-20.36%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,950 |
| Mortgage | −$2,297 |
| Property Tax | −$395 |
| Insurance | −$225 |
| Condo Fee | −$789 |
| Vacancy (5%) | −$98 |
| Cash Flow | -$1,854/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$23,400 |
| Vacancy (5%) | −$1,170 |
| Property Tax | −$4,741 |
| Insurance | −$2,700 |
| Condo Fee | −$9,468 |
| Annual NOI | $5,321 |
| Cap Rate | 1.07% |
Cash Required to Close
| Down Payment (20%) | $99,800 |
| Ontario Land Transfer Tax | $6,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $109,255 |
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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