706- 393 King Street, Toronto C01
Toronto C01
$498,800
Cash flow, cap rate & mortgage breakdown
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Listed by ENGEL & VOLKERS TORONTO CITY
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
1
Days on Market
9
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$1,950/mo
Estimated from market price-to-rent ratios
Remarks
Mesmerizing in the Vibrant Heart of King West, Set within an Intimate Boutique Building, owner-cherished residence offers a refined blend of comfort and style. Breathtaking Views of the CN Tower. Soaring 9-foot ceilings and a rare fireplace create a warm, inviting living space-an uncommon luxury in modern condo living.The thoughtfully designed open-concept layout is both bright and functional, featuring a spacious primary bedroom and an oversized den easily transformed into a second bedroom or private office.The kitchen is equipped with stainless steel appliances and complemented by excellent in-suite storage.A truly exceptional highlight: owned underground parking and a locker located just steps away on the same floor-an incredibly rare and convenient feature.With a perfect Walk Score of 100, you're moments from Toronto's finest dining, transit, and entertainment. Residents enjoy a well-appointed fitness studio, ample Free Visitor Parking, and the ease of a low-density building with only 12 floors and three elevators.Sophisticated urban living at its finest.
MississaugaInvestor.ca
706- 393 King Street
Condo Apartment · 2bd/1ba · ~750 sqft
$498,800
Cash-Flow Report · August 1, 2026
Cap Rate
0.36%
Monthly Cash Flow
-$2,146/mo
Estimated Rent
$1,950/mo
Cash-on-Cash
-23.58%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,950 |
| Mortgage | −$2,296 |
| Property Tax | −$395 |
| Insurance | −$225 |
| Condo Fee | −$1,082 |
| Vacancy (5%) | −$98 |
| Cash Flow | -$2,146/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$23,400 |
| Vacancy (5%) | −$1,170 |
| Property Tax | −$4,739 |
| Insurance | −$2,700 |
| Condo Fee | −$12,984 |
| Annual NOI | $1,807 |
| Cap Rate | 0.36% |
Cash Required to Close
| Down Payment (20%) | $99,760 |
| Ontario Land Transfer Tax | $6,451 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $109,211 |
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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