
LPH3- 777 Steeles Avenue, Toronto C07
Toronto C07
$599,000
Cash flow, cap rate & mortgage breakdown
Enter your email to unlock them right here.
Free forever. No credit card. Unsubscribe anytime.
Listed by RE/MAX HALLMARK REALTY LTD.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
22
Price Drop
4%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,050/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to LPH3 at 777 Steeles Ave W, a rare lower penthouse residence in a sought-after boutique building. This beautifully designed 2-bedroom, 2-bathroom corner suite offers 986 sq. ft. of bright, open-concept living, thoughtfully crafted for both everyday comfort and effortless entertaining. Boasting a desirable North and West exposure, the home is flooded with natural light throughout the day, creating a warm and inviting atmosphere. The functional layout features spacious principal rooms, generous-sized bedrooms, two full bathrooms, and seamless living and dining spaces designed to maximize every square foot. The primary bedroom offers a peaceful retreat with its own ensuite and walk-in closet, while the second bedroom provides the flexibility for guests, a home office, or growing families. Enjoy the charm and exclusivity of boutique condominium living with a more intimate community and professionally managed building. Ideally located in one of North York's most convenient neighbourhoods, you're just minutes from Promenade Shopping Centre, grocery stores, restaurants, cafés, parks, schools, community centres, and places of worship. Commuting is effortless with TTC and York Region Transit at your doorstep. Perfect for professionals, downsizers, first-time buyers, or investors, this exceptional residence offers the ideal combination of luxury, functionality, and an unbeatable location. Experience elevated condo living in one of the city's most connected and desirable communities.
MississaugaInvestor.ca
LPH3- 777 Steeles Avenue
Condo Apartment · 2bd/2ba · ~950 sqft
$599,000
Cash-Flow Report · July 31, 2026
Cap Rate
0.42%
Monthly Cash Flow
-$2,550/mo
Estimated Rent
$2,050/mo
Cash-on-Cash
-23.31%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,050 |
| Mortgage | −$2,757 |
| Property Tax | −$474 |
| Insurance | −$225 |
| Condo Fee | −$1,041 |
| Vacancy (5%) | −$103 |
| Cash Flow | -$2,550/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$24,600 |
| Vacancy (5%) | −$1,230 |
| Property Tax | −$5,691 |
| Insurance | −$2,700 |
| Condo Fee | −$12,492 |
| Annual NOI | $2,487 |
| Cap Rate | 0.42% |
Cash Required to Close
| Down Payment (20%) | $119,800 |
| Ontario Land Transfer Tax | $8,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $131,255 |
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
Get the Full Cash-Flow Report
A one-page PDF: cap rate, cash flow, mortgage breakdown, NOI and total cash to close — all assumptions in one printable summary.
Also unlocks cap rate, sold comps & mortgage detail.