
1089 Mt Pleasant Road, Toronto C10
Toronto C10
$1,150,000
Cash flow, cap rate & mortgage breakdown
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Listed by ROYAL LEPAGE SIGNATURE REALTY
Investment Analysis
Key Facts
Type
Semi-Detached
Bedrooms
3
Bathrooms
1
Days on Market
12
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Finished Basement
Rent Estimate
$3,050/mo
Estimated from market price-to-rent ratios
Remarks
1089 Mt Pleasant Rd is a semi-detached century home in the Sherwood park neighborhood with a few meaningful updates already in place and significant upside for the right buyer.This is not a fully transformed home. It is a character property with solid bones, some updated features, and clear room to improve over time. Upgrades include the massive sunroom, main bathroom, gas insert fireplace, and roof (2020) giving the next owner a comfortable starting point while leaving plenty of opportunity to add value.The main floor offers a combined living and dining space, a functional kitchen with pass-through to the sunroom, and a layout that works well today while inviting a larger future plan. Upstairs are three bedrooms and an updated 3-piece bath.The full, partially finished basement includes den, workshop, and storage space, with potential for a more substantial reworking for buyers thinking long term. For those with vision and an income strategy in mind, the property may offer the chance to create additional utility and revenue, including basement redevelopment possibilities and, subject to approvals, a future garden suite.Outside, the property includes a shared driveway with two dedicated parking space, That flexibility is a real advantage for buyers looking to maximize the site over time.The property has also been pre-consulted for ADU (aka garden suite) eligibility, offering another layer of future potential for buyers focused on long-term use and value creation. Set steps from Sherwood Park and within walking distance to Mt. Pleasant Village shops, cafés, Northern Secondary School, and John Fisher primary school, this is a property for someone who understands location, sees the upside, and is prepared to unlock it.
MississaugaInvestor.ca
1089 Mt Pleasant Road
Semi-Detached · 3bd/1ba · ~900 sqft
$1,150,000
Cash-Flow Report · July 31, 2026
Cap Rate
0.84%
Monthly Cash Flow
-$4,489/mo
Estimated Rent
$3,050/mo
Cash-on-Cash
-21.34%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,050 |
| Mortgage | −$5,293 |
| Property Tax | −$910 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$958 |
| Vacancy (5%) | −$153 |
| Cash Flow | -$4,489/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$36,600 |
| Vacancy (5%) | −$1,830 |
| Property Tax | −$10,925 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$11,500 |
| Annual NOI | $9,645 |
| Cap Rate | 0.84% |
Cash Required to Close
| Down Payment (20%) | $230,000 |
| Ontario Land Transfer Tax | $19,475 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $252,475 |
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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