
2605- 10 Northtown Way, Toronto C14
Toronto C14
$749,000
Cash flow, cap rate & mortgage breakdown
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Listed by SUTTON GROUP-ADMIRAL REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
16
Price Drop
10%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,200/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to this beautifully renovated 2-bedroom, 2-bathroom condo offering modern, turnkey living in a recently updated building. Thoughtfully renovated throughout, this bright and spacious suite showcases quality finishes, a functional layout, and stylish upgrades designed for today's lifestyle.Step inside to discover smooth ceilings, luxury vinyl flooring, fresh paint, and new ceiling light boxes with pot lights on dimmers that create a warm and inviting atmosphere. The contemporary kitchen has been completely redesigned with quartz countertops, custom cabinetry, and a full suite of new appliances, making it both elegant and highly functional.Both bathrooms have been fully renovated with new tile flooring, modern wall tile, updated vanities, sinks, and fixtures. The primary bathroom has been upgraded with a sleek walk-in shower, replacing the original tub for a more luxurious feel. The second bedroom also features a custom-built closet, maximizing storage and organization.Additional upgrades include new fan coil units, a heavy-duty laundry machine, and one underground parking space (P2 level) along with a private storage locker for added convenience.The building itself has recently undergone extensive renovations, including new chillers and risers, providing added peace of mind and long-term value for future owners.Offering stylish finishes, quality upgrades, and exceptional functionality, this move-in-ready condo is the perfect opportunity for first-time buyers, downsizers, or investors seeking a beautifully updated home with nothing left to do but move in and enjoy.
MississaugaInvestor.ca
2605- 10 Northtown Way
Condo Apartment · 2bd/2ba · ~950 sqft
$749,000
Cash-Flow Report · July 31, 2026
Cap Rate
0.63%
Monthly Cash Flow
-$3,057/mo
Estimated Rent
$2,200/mo
Cash-on-Cash
-22.33%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,200 |
| Mortgage | −$3,448 |
| Property Tax | −$593 |
| Insurance | −$225 |
| Condo Fee | −$881 |
| Vacancy (5%) | −$110 |
| Cash Flow | -$3,057/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$26,400 |
| Vacancy (5%) | −$1,320 |
| Property Tax | −$7,116 |
| Insurance | −$2,700 |
| Condo Fee | −$10,572 |
| Annual NOI | $4,692 |
| Cap Rate | 0.63% |
Cash Required to Close
| Down Payment (20%) | $149,800 |
| Ontario Land Transfer Tax | $11,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $164,255 |
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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