1116- 121 St Patrick Street, Toronto C01
Toronto C01
$599,000
Cash flow, cap rate & mortgage breakdown
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Listed by BAY STREET GROUP INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
3
Bathrooms
2
Days on Market
3
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,350/mo
Estimated from market price-to-rent ratios
Remarks
Rarely offered 812 sq.ft. 2+1 bedroom, 2 bathroom suite with a spacious balcony in the heart of downtown Toronto. Thoughtfully upgraded with smooth ceilings throughout, white quartz countertops, designer cabinetry, integrated European appliances, elegant laminate flooring, and custom roller shades, creating a bright and modern living space. Enjoy unbeatable walkability with St. Patrick Subway Station, OCAD University, the University of Toronto, Toronto General Hospital, the AGO, Queen Street West, and Eaton Centre just moments away. Whether for professionals, students, or investors, this is an exceptional opportunity to own a stylish home in one of Toronto's most connected and sought-after neighbourhoods.
MississaugaInvestor.ca
1116- 121 St Patrick Street
Condo Apartment · 3bd/2ba · ~850 sqft
$599,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.61%
Monthly Cash Flow
-$1,955/mo
Estimated Rent
$2,350/mo
Cash-on-Cash
-17.87%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,350 |
| Mortgage | −$2,757 |
| Property Tax | −$474 |
| Insurance | −$225 |
| Condo Fee | −$731 |
| Vacancy (5%) | −$118 |
| Cash Flow | -$1,955/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$28,200 |
| Vacancy (5%) | −$1,410 |
| Property Tax | −$5,691 |
| Insurance | −$2,700 |
| Condo Fee | −$8,772 |
| Annual NOI | $9,627 |
| Cap Rate | 1.61% |
Cash Required to Close
| Down Payment (20%) | $119,800 |
| Ontario Land Transfer Tax | $8,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $131,255 |
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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