
615- 320 Richmond Street, Toronto C08
Toronto C08
$675,000
Cash flow, cap rate & mortgage breakdown
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Listed by STRATA REAL ESTATE
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
6
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,150/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to this beautifully renovated downtown Toronto condo, offering exceptional convenience, custom upgrades, and outstanding access to the city's best amenities. The suite includes underground parking, a locker on the same floor, a full balcony, and a French balcony.Completely renovated, the home features new flooring, a custom kitchen with brand-new appliances and a built-in water filtration system. The luxurious ensuite includes a heated Jacuzzi tub with LED lighting, heated bidet toilet with remote control, premium shower system, Italian tile, and a smart LED mirror with adjustable lighting, Bluetooth speakers, anti-fog technology, calendar, clock, and temperature display. The guest bathroom has been updated with a new vanity and faucet. Designed for comfort and functionality, the condo offers a built-in office with a Murphy bed, custom closets throughout. Added peace of mind comes from a large fire- and water-resistant safe, and a comprehensive security system with 2 cameras, app control, central monitoring, entry sensors, voice door notifications, glass-break detection, and a carbon monoxide detector. Residents enjoy exceptional amenities, including a rooftop terrace with BBQs, plunge pool, Jacuzzi, indoor and outdoor showers, sauna, steam room, gym, yoga room, party room with kitchen, billiards room, card room, and media room. The location is exceptionally connected, with nearby subway stations and the future Ontario Line station right beside the building. The DVP and Gardiner Expressway/Lakeshore are just moments away. Walk to the waterfront, Sugar Beach, public tennis and baseball courts, hockey facilities, yoga studios, spas, Dundas Square, Nathan Phillips Square, Wellesley and Regent Park Community Centres, George Brown College, and Toronto Metropolitan University. A rare opportunity to own a fully renovated, highly secure, and exceptionally well-connected downtown home with thoughtfully designed custom features designed for modern city living.
MississaugaInvestor.ca
615- 320 Richmond Street
Condo Apartment · 2bd/2ba · ~850 sqft
$675,000
Cash-Flow Report · July 31, 2026
Cap Rate
0.88%
Monthly Cash Flow
-$2,613/mo
Estimated Rent
$2,150/mo
Cash-on-Cash
-21.19%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,150 |
| Mortgage | −$3,107 |
| Property Tax | −$534 |
| Insurance | −$225 |
| Condo Fee | −$789 |
| Vacancy (5%) | −$108 |
| Cash Flow | -$2,613/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$25,800 |
| Vacancy (5%) | −$1,290 |
| Property Tax | −$6,413 |
| Insurance | −$2,700 |
| Condo Fee | −$9,468 |
| Annual NOI | $5,929 |
| Cap Rate | 0.88% |
Cash Required to Close
| Down Payment (20%) | $135,000 |
| Ontario Land Transfer Tax | $9,975 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $147,975 |
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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