423- 505 Richmond Street, Toronto C01
Toronto C01
$549,900
Cash flow, cap rate & mortgage breakdown
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Listed by VIP REALTY GROUP INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
1
Bathrooms
1
Days on Market
13
Price Drop
8%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$1,700/mo
Estimated from market price-to-rent ratios
Remarks
Stylish and functional 1-bed, 1-bath open-concept layout featuring soaring 10-foot ceilings and a sleek linear kitchen complete with a built-in pantry, an oversized central island, and a breakfast bar. Step out from the bright living space directly onto your private balcony for seamless indoor-outdoor flow. Exceptionally designed with zero wasted space, featuring a convenient double closet at the entry, ensuite laundry, a dedicated bedroom with a custom closet, and the ultimate flexibility of parking options available to rent within the building. Experience the premier WaterWorks lifestyle with world-class amenities, the Food Hall, and the YMCA right at your doorstep! Ultimate convenience of parking options available to rent right within the building when needed.
MississaugaInvestor.ca
423- 505 Richmond Street
Condo Apartment · 1bd/1ba · ~250 sqft
$549,900
Cash-Flow Report · August 3, 2026
Cap Rate
1.05%
Monthly Cash Flow
-$2,048/mo
Estimated Rent
$1,700/mo
Cash-on-Cash
-20.4%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,700 |
| Mortgage | −$2,531 |
| Property Tax | −$435 |
| Insurance | −$225 |
| Condo Fee | −$472 |
| Vacancy (5%) | −$85 |
| Cash Flow | -$2,048/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$20,400 |
| Vacancy (5%) | −$1,020 |
| Property Tax | −$5,224 |
| Insurance | −$2,700 |
| Condo Fee | −$5,664 |
| Annual NOI | $5,792 |
| Cap Rate | 1.05% |
Cash Required to Close
| Down Payment (20%) | $109,980 |
| Ontario Land Transfer Tax | $7,473 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $120,453 |
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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