605- 47 Mutual Street, Toronto C08
Toronto C08
$699,900
Cash flow, cap rate & mortgage breakdown
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Listed by ROYAL LEPAGE SIGNATURE REALTY
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
3
Bathrooms
2
Days on Market
8
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,450/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to 47 Mutual St, 605 - a developer sale (purchaser default) offering exceptional value with upgrades (Close to $12,000) already paid for by the original buyer. Purchaser to complete the PDI and get the full Tarion warranty included, enjoy total peace of mind in this never-lived-in, sun-filled suite. Featuring a functional and spacious 2-bedroom + large den, 2 full bathroom layout, the unit is thoughtfully designed with floor-to-ceiling windows that flood the space with natural light. Sleek, modern finishes, integrated appliances, and in-suite laundry complete the home, while the versatile den offers the perfect space for a home office, guest area, or additional living. The building offers over 6,600 sq. ft. of premium amenities, including a state-of-the-art fitness center, stylish party room, expansive terrace, kids' playroom, and pet spa. Located just steps to Queen & Dundas subway, Eaton Centre, TMU, St. Michaels Hospital, and a short 12-minute walk to the Financial District-this is downtown convenience at its finest. A locker is available for an additional $6,500 Incl HST.
MississaugaInvestor.ca
605- 47 Mutual Street
Condo Apartment · 3bd/2ba · ~850 sqft
$699,900
Cash-Flow Report · July 31, 2026
Cap Rate
1.54%
Monthly Cash Flow
-$2,324/mo
Estimated Rent
$2,450/mo
Cash-on-Cash
-18.17%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,450 |
| Mortgage | −$3,222 |
| Property Tax | −$554 |
| Insurance | −$225 |
| Condo Fee | −$650 |
| Vacancy (5%) | −$123 |
| Cash Flow | -$2,324/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$29,400 |
| Vacancy (5%) | −$1,470 |
| Property Tax | −$6,649 |
| Insurance | −$2,700 |
| Condo Fee | −$7,800 |
| Annual NOI | $10,781 |
| Cap Rate | 1.54% |
Cash Required to Close
| Down Payment (20%) | $139,980 |
| Ontario Land Transfer Tax | $10,473 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $153,453 |
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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