2501- 88 Scott Street, Toronto C08
Toronto C08
$399,000
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX DASH REALTY
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
1
Days on Market
14
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$1,850/mo
Estimated from market price-to-rent ratios
Remarks
Stunning suite with breathtaking panoramic city views and spectacular sunsets from its sought-after west exposure. Floor-to-ceiling bedroom windows fill the space with natural light by day and showcase sparkling skyline views by night. The modern kitchen features sleek cabinetry, quality finishes, and a breakfast bar, perfect for everyday living or entertaining. The versatile den is ideal for a home office or guest space, and the suite also includes convenient ensuite laundry.Ideally located just steps from the waterfront, Toronto Islands ferry, Union Station, GO Transit, UP Express, the Financial District, Scotiabank Arena, Rogers Centre, and some of Toronto's finest restaurants, shopping, and entertainment.Residents enjoy exceptional resort-style amenities, including an indoor swimming pool, fully equipped fitness centre, exercise studio, elegant party room with BBQ terrace, and a spectacular two-level sky lounge with panoramic views of the lake and city skyline.One locker is included.
MississaugaInvestor.ca
2501- 88 Scott Street
Condo Apartment · 2bd/1ba · ~550 sqft
$399,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.97%
Monthly Cash Flow
-$1,184/mo
Estimated Rent
$1,850/mo
Cash-on-Cash
-16.28%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,850 |
| Mortgage | −$1,837 |
| Property Tax | −$316 |
| Insurance | −$225 |
| Condo Fee | −$563 |
| Vacancy (5%) | −$93 |
| Cash Flow | -$1,184/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$22,200 |
| Vacancy (5%) | −$1,110 |
| Property Tax | −$3,791 |
| Insurance | −$2,700 |
| Condo Fee | −$6,756 |
| Annual NOI | $7,843 |
| Cap Rate | 1.97% |
Cash Required to Close
| Down Payment (20%) | $79,800 |
| Ontario Land Transfer Tax | $4,460 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $87,260 |
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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