710- 77 Shuter Street, Toronto C08
Toronto C08
$499,000
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX IMPERIAL REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
19
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$1,950/mo
Estimated from market price-to-rent ratios
Remarks
10-ft ceilings in the living room and primary bedroom-a rare feature that enhances space and light. Bright and spacious north-east corner unit at Luxury 88 North Condos, offering 2 bedrooms and 2 bathrooms with large windows, excellent natural light, and a highly functional layout. Features an oversized 339 sq.ft. balcony-ideal for outdoor living and entertaining. Well-maintained unit with one locker included.Enjoy premium building amenities: 24-hour concierge, gym, pool, outdoor lounge, and BBQ area. Unbeatable downtown location just steps to the subway, Eaton Centre, TMU, U of T, George Brown College, St. Michael's Hospital, the Financial District, City Hall, and Nathan Phillips Square. Ideal for end-users, professionals, students, or investors.
MississaugaInvestor.ca
710- 77 Shuter Street
Condo Apartment · 2bd/2ba · ~650 sqft
$499,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.73%
Monthly Cash Flow
-$1,577/mo
Estimated Rent
$1,950/mo
Cash-on-Cash
-17.32%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,950 |
| Mortgage | −$2,297 |
| Property Tax | −$395 |
| Insurance | −$225 |
| Condo Fee | −$512 |
| Vacancy (5%) | −$98 |
| Cash Flow | -$1,577/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$23,400 |
| Vacancy (5%) | −$1,170 |
| Property Tax | −$4,741 |
| Insurance | −$2,700 |
| Condo Fee | −$6,144 |
| Annual NOI | $8,645 |
| Cap Rate | 1.73% |
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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