221- 2035 Sheppard Avenue, Toronto C15
Toronto C15
$369,000
Cash flow, cap rate & mortgage breakdown
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Listed by ICI SOURCE REAL ASSET SERVICES INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
1
Bathrooms
1
Days on Market
7
Price Drop
4%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$1,500/mo
Estimated from market price-to-rent ratios
Remarks
The suite has almost 600 square feet of living space. It is a one-bedroom unit located on the second floor. The suite has a full-width balcony. The location is near Don Mills subway station and Fairview Mall. The area provides easy access to major highways including the 404, 401, and DVP. The building offers resort-inspired amenities such as an indoor pool and fitness centre. The community is well-managed and highly sought-after. *For Additional Property Details Click The Brochure Icon Below*
MississaugaInvestor.ca
221- 2035 Sheppard Avenue
Condo Apartment · 1bd/1ba · ~550 sqft
$369,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.4%
Monthly Cash Flow
-$1,267/mo
Estimated Rent
$1,500/mo
Cash-on-Cash
-18.81%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,500 |
| Mortgage | −$1,698 |
| Property Tax | −$292 |
| Insurance | −$225 |
| Condo Fee | −$477 |
| Vacancy (5%) | −$75 |
| Cash Flow | -$1,267/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$18,000 |
| Vacancy (5%) | −$900 |
| Property Tax | −$3,506 |
| Insurance | −$2,700 |
| Condo Fee | −$5,724 |
| Annual NOI | $5,170 |
| Cap Rate | 1.4% |
Cash Required to Close
| Down Payment (20%) | $73,800 |
| Ontario Land Transfer Tax | $4,010 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $80,810 |
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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