
708- 15 ELLERSLIE Avenue, Toronto C07
Toronto C07
$749,900
Cash flow, cap rate & mortgage breakdown
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Listed by STRATA REAL ESTATE
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
3
Bathrooms
2
Days on Market
17
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,500/mo
Estimated from market price-to-rent ratios
Remarks
Ellie Condos, built in 2024, is tucked onto Ellerslie Avenue, just off Yonge, in the heart of North York Centre. You get the entire Yonge corridor at your door, subway, Empress Walk, North York Centre, Loblaws and H Mart, without living right on top of Yonge itself. North York Centre station is a five-minute walk, with the 401 and DVP minutes away. Bright and functional, this 2+1 offers two full bathrooms across 751 sq ft, with two private balconies and west and north exposures that keep the light coming all day. It also comes with the practical wins families actually need: a standalone owned parking spot with no neighbours on either side and protective bollards guarding your car, plus a full walk-in storage locker the size of its own room, not the usual wire cage. It is a location that grows with you. Early on, a quick subway ride to U of T or TMU with the shops of Yonge at your doorstep. Later, a welcoming home for a first baby and the years that follow.Genuinely fun when you want it, and family-friendly when you need it. School choice runs deep: public and Catholic catchment schools, French Immersion and Extended French streams, and the Claude Watson and Cardinal Carter arts magnet schools within walking distance, with Toronto French Montessori steps down the street. Green space is everywhere, from Mel Lastman Square and its winter skating rink to historic Gibson Park and Museum, Dempsey Park and Northtown Park, all minutes on foot. And it is a well-served, settled street, with police and fire stations just around the corner. This is an exceptional North York address to call home!
MississaugaInvestor.ca
708- 15 ELLERSLIE Avenue
Condo Apartment · 3bd/2ba · ~750 sqft
$749,900
Cash-Flow Report · July 31, 2026
Cap Rate
1.2%
Monthly Cash Flow
-$2,703/mo
Estimated Rent
$2,500/mo
Cash-on-Cash
-19.72%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,500 |
| Mortgage | −$3,452 |
| Property Tax | −$594 |
| Insurance | −$225 |
| Condo Fee | −$807 |
| Vacancy (5%) | −$125 |
| Cash Flow | -$2,703/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$30,000 |
| Vacancy (5%) | −$1,500 |
| Property Tax | −$7,124 |
| Insurance | −$2,700 |
| Condo Fee | −$9,684 |
| Annual NOI | $8,992 |
| Cap Rate | 1.2% |
Cash Required to Close
| Down Payment (20%) | $149,980 |
| Ontario Land Transfer Tax | $11,473 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $164,453 |
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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