221- 31 Olive Avenue, Toronto C14
Toronto C14
$629,000
Cash flow, cap rate & mortgage breakdown
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Listed by BAY STREET GROUP INC.
Investment Analysis
Key Facts
Type
Condo Townhouse
Bedrooms
2
Bathrooms
1
Days on Market
6
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,100/mo
Estimated from market price-to-rent ratios
Remarks
Enjoy condo amenities without having to wait for the elevator! Have your own entrance peacefully tucked away from Yonge and Finch. 1+1 condo townhouse in the prestigious Mona Lisa, ideally situated in the heart of North York and steps away from Finch Subway station. This bright, south-facing home with a private balcony overlooks the tranquil pond, gazebo and interior courtyard. It offers soaring ceilings, oversized granite kitchen island, hardwood flooring throughout, and a functional modern open-concept layout with no carpet. A spacious den with floor to ceiling window serves perfectly as a home office or secondary bedroom. Enjoy 24h concierge for deliveries, indoor swimming pools and hot tub, sauna, gym, party room, roof top terraces, and BBQ area. Secure underground parking & locker. Stainless steel appliances, washer & dryer.
MississaugaInvestor.ca
221- 31 Olive Avenue
Condo Townhouse · 2bd/1ba · ~750 sqft
$629,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.16%
Monthly Cash Flow
-$2,287/mo
Estimated Rent
$2,100/mo
Cash-on-Cash
-19.91%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,100 |
| Mortgage | −$2,895 |
| Property Tax | −$498 |
| Insurance | −$225 |
| Condo Fee | −$664 |
| Vacancy (5%) | −$105 |
| Cash Flow | -$2,287/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$25,200 |
| Vacancy (5%) | −$1,260 |
| Property Tax | −$5,976 |
| Insurance | −$2,700 |
| Condo Fee | −$7,968 |
| Annual NOI | $7,296 |
| Cap Rate | 1.16% |
Cash Required to Close
| Down Payment (20%) | $125,800 |
| Ontario Land Transfer Tax | $9,055 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $137,855 |
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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