
506- 185 Alberta Avenue, Toronto C03
Toronto C03
$569,000
Cash flow, cap rate & mortgage breakdown
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Listed by CITYSCAPE REAL ESTATE LTD.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
1
Bathrooms
1
Days on Market
21
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$1,700/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to Suite 506, a beautifully appointed 1-bedroom plus den residence offering approximately 580 square feet of thoughtfully designed living space in the heart of vibrant St.Clair West Village. This intelligently designed suite blends style and functionality with an open-concept layout, vinyl flooring, and a seamless flow tailored to modern urban living.***This unit comes with a 1 parking space***The contemporary kitchen is elegantly finished with integrated appliances, sleek cabinetry, and streamlined workspace designed for both everyday convenience and effortless entertaining. The spacious primary bedroom provides a comfortable retreat with generous closet space, while the separate den offers exceptional versatility as a home office, guest space, or creative nook. A modern bathroom with clean contemporary finishes, in-suite laundry, and thought fully integrated storage complete this well-appointed condo unit. Residents enjoy an exceptional collection of amenities, including a 24-hour concierge, fully equipped fitness centre, elegant lobby with fireplace, co-working and social lounges, and a beautifully landscaped rooftop terrace with sweeping skyline views. Secure building access and underground parking add everyday convenience and peace of mind. Ideally situated at St. Clair West Village, this sought-after midtown address places you steps from cafés, restaurants, boutique shops, parks, and transit, including the dedicated St. Clair streetcar and convenient subway access. An exceptional opportunity to experience stylish city living in one of Toronto's most vibrant and community-focused neighbourhoods.
MississaugaInvestor.ca
506- 185 Alberta Avenue
Condo Apartment · 1bd/1ba · ~550 sqft
$569,000
Cash-Flow Report · July 31, 2026
Cap Rate
0.6%
Monthly Cash Flow
-$2,335/mo
Estimated Rent
$1,700/mo
Cash-on-Cash
-22.48%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,700 |
| Mortgage | −$2,619 |
| Property Tax | −$451 |
| Insurance | −$225 |
| Condo Fee | −$655 |
| Vacancy (5%) | −$85 |
| Cash Flow | -$2,335/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$20,400 |
| Vacancy (5%) | −$1,020 |
| Property Tax | −$5,406 |
| Insurance | −$2,700 |
| Condo Fee | −$7,860 |
| Annual NOI | $3,414 |
| Cap Rate | 0.6% |
Cash Required to Close
| Down Payment (20%) | $113,800 |
| Ontario Land Transfer Tax | $7,855 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $124,655 |
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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