245 Florence Avenue, Toronto C07
Toronto C07
$2,199,000
Cash flow, cap rate & mortgage breakdown
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Listed by ROYAL LEPAGE REAL ESTATE SERVICES PHINNEY REAL ESTATE
Investment Analysis
Key Facts
Type
Detached
Bedrooms
4
Bathrooms
4
Days on Market
15
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Suite Potential (+$1,190/mo)
Rent Estimate
Estimated from market price-to-rent ratios · Verify suite legality with the City of Mississauga
Remarks
Step into this bright, sun-filled home where luxury meets everyday comfort. The impressive mainfloor features soaring 10-foot ceilings, elegant herringbone hardwood flooring, and beautifully crafted coffered ceilings in the formal living and dining rooms, creating a sophisticated andinviting atmosphere.The spacious family-sized eat-in kitchen is designed for entertaining and everyday living,offering a large centre island, two sinks, stainless steel appliances, and an open-concept layout overlooking the family room.Walk out to your own private backyard oasis featuring a spacious deck and hot tub-perfect for relaxing or hosting family and friends.This exceptional home offers 4 generously sized bedrooms and 4 bathrooms. A separate entranceto the basement provides excellent potential for an in-law suite or future income opportunity.Completing the home is a heated, finished garage with direct access to the mudroom for added convenience.
MississaugaInvestor.ca
245 Florence Avenue
Detached · 4bd/4ba · ~2,250 sqft
$2,199,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.01%
Monthly Cash Flow
-$8,278/mo
Estimated Rent
$5,940/mo
Cash-on-Cash
-20.51%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$5,940 |
| Mortgage | −$10,122 |
| Property Tax | −$1,741 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$1,833 |
| Vacancy (5%) | −$297 |
| Cash Flow | -$8,278/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$71,280 |
| Vacancy (5%) | −$3,564 |
| Property Tax | −$20,891 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$21,990 |
| Annual NOI | $22,135 |
| Cap Rate | 1.01% |
Cash Required to Close
| Down Payment (20%) | $439,800 |
| Ontario Land Transfer Tax | $41,450 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $484,250 |
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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