
6908- 138 Downes Street, Toronto C08
Toronto C08
$1,190,000
Cash flow, cap rate & mortgage breakdown
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Listed by ROYAL LEPAGE NRC REALTY
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
$3,000/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to Sugar Wharf Condos, one of Toronto's most prestigious waterfront addresses. Perched high on the 69th floor, Suite 6908 at 138Downes Street delivers an elevated lifestyle defined by scale, sophistication, and long-term value. This spacious, thoughtfully designed residence showcases modern luxury finishes throughout-clean architectural lines, floor-to-ceiling windows, and refined materials that reflect contemporary urban elegance. The kitchen is a statement of quiet luxury, featuring paneled, built-in appliances concealed within matching cabinetry, perfectly hidden in plain sight. The open-concept layout maximizes both functionality and flow, creating a seamless balance between everyday comfort and upscale entertaining. Natural light pours in, enhancing the sense of volume and highlighting the quality craftsmanship at every turn. A generously sized den (8' x 10'), upgraded with a full glass door, offers exceptional flexibility and is currently used as a third bedroom, home office, or private guest space. The building itself sets a new benchmark for luxury condominium living. Residents enjoy hotel-inspired amenities, including a state-of-the-art fitness center, indoor swimming pool, elegant lounge spaces, co-working areas, and 24-hour concierge service. Every detail has been curated to support a high-performance, low-friction lifestyle. Location is a strategic differentiator. Situated in Toronto's dynamic East Waterfront, Sugar Wharf offers immediate access to the Financial District, Union Station, the Harbour-front, and major transit routes. A future connection to the PATH system further strengthens long-term convenience and investment appeal, seamlessly linking residents to downtown offices, shopping, and dining-without stepping outdoors. This is not just a home; it's a future-forward asset in one of Toronto's most ambitious master-planned communities-where luxury, connectivity, and waterfront living converge.
MississaugaInvestor.ca
6908- 138 Downes Street
Condo Apartment · 3bd/2ba · ~950 sqft
$1,190,000
Cash-Flow Report · August 2, 2026
Cap Rate
0.72%
Monthly Cash Flow
-$4,761/mo
Estimated Rent
$3,000/mo
Cash-on-Cash
-21.87%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,000 |
| Mortgage | −$5,477 |
| Property Tax | −$942 |
| Insurance | −$225 |
| Condo Fee | −$967 |
| Vacancy (5%) | −$150 |
| Cash Flow | -$4,761/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$36,000 |
| Vacancy (5%) | −$1,800 |
| Property Tax | −$11,305 |
| Insurance | −$2,700 |
| Condo Fee | −$11,604 |
| Annual NOI | $8,591 |
| Cap Rate | 0.72% |
Cash Required to Close
| Down Payment (20%) | $238,000 |
| Ontario Land Transfer Tax | $20,275 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $261,275 |
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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