3402- 2221 Yonge Street, Toronto C10
Toronto C10
$649,000
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX KEY2 REAL ESTATE
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
17
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,100/mo
Estimated from market price-to-rent ratios
Remarks
Discover this stunning 2-bedroom, 2-bathroom condo in the highly sought-after Yonge and Eglinton neighborhood! This northeast corner unit features a functional, modern kitchen and floor-to-ceiling windows that flood the space with natural light. The primary bedroom boasts a spacious mirrored closet, while the private wrap around balcony offers a perfect retreat. Enjoy fabulous amenities, including a 24-hour concierge, fitness center, spa, and an outdoor lounge with BBQs. Ideally located just steps from 24/7 TTC, the new Crosstown LRT, the library, and a vibrant community filled with stellar shopping, casual dining, and all essential amenities. Valet Parking With Larger Space. **EXTRAS** Pictures are from prior to tenancy. Dishwasher, Stove, Fridge, Dryer & Washer. Locker Included. Existing Window Coverings. Valet Parking With Larger Space.
MississaugaInvestor.ca
3402- 2221 Yonge Street
Condo Apartment · 2bd/2ba · ~750 sqft
$649,000
Cash-Flow Report · July 31, 2026
Cap Rate
0.97%
Monthly Cash Flow
-$2,460/mo
Estimated Rent
$2,100/mo
Cash-on-Cash
-20.75%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,100 |
| Mortgage | −$2,987 |
| Property Tax | −$514 |
| Insurance | −$225 |
| Condo Fee | −$729 |
| Vacancy (5%) | −$105 |
| Cash Flow | -$2,460/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$25,200 |
| Vacancy (5%) | −$1,260 |
| Property Tax | −$6,166 |
| Insurance | −$2,700 |
| Condo Fee | −$8,748 |
| Annual NOI | $6,326 |
| Cap Rate | 0.97% |
Cash Required to Close
| Down Payment (20%) | $129,800 |
| Ontario Land Transfer Tax | $9,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $142,255 |
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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