402- 60 Montclair Avenue, Toronto C03
Toronto C03
$649,900
Cash flow, cap rate & mortgage breakdown
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Listed by ROYAL LEPAGE TERREQUITY REALTY
Investment Analysis
Key Facts
Type
Co-Ownership Apartment
Bedrooms
2
Bathrooms
1
Days on Market
13
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,100/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to this gorgeous, sun-filled suite in a charming boutique low-rise, just steps from Forest Hill Village. Tucked away on a quiet cul-de-sac, this home offers an exceptional blend of style, comfort, and convenience. The spacious open-concept layout features white oak flooring, a chef-inspired kitchen with a large centre island, abundant cabinetry, and a gracious dining area perfect for entertaining. A thoughtfully designed office alcove, ensuite storage, and rare ensuite laundry maximize functionality. Two generous bedrooms offer large closets and peaceful treetop views through oversized windows, while the beautiful bathroom completes the space. Enjoy a turnkey home within walking distance to shops, cafés, restaurants, parks, and scenic trails. Includes one parking space, locker, and the added convenience of a live-in superintendent.
MississaugaInvestor.ca
402- 60 Montclair Avenue
Co-Ownership Apartment · 2bd/1ba · ~950 sqft
$649,900
Cash-Flow Report · July 31, 2026
Cap Rate
-0.13%
Monthly Cash Flow
-$3,061/mo
Estimated Rent
$2,100/mo
Cash-on-Cash
-25.79%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,100 |
| Mortgage | −$2,991 |
| Property Tax | −$515 |
| Insurance | −$225 |
| Condo Fee | −$1,325 |
| Vacancy (5%) | −$105 |
| Cash Flow | -$3,061/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$25,200 |
| Vacancy (5%) | −$1,260 |
| Property Tax | −$6,174 |
| Insurance | −$2,700 |
| Condo Fee | −$15,900 |
| Annual NOI | $-834 |
| Cap Rate | -0.13% |
Cash Required to Close
| Down Payment (20%) | $129,980 |
| Ontario Land Transfer Tax | $9,473 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $142,453 |
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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