2405- 633 Bay Street, Toronto C01
Toronto C01
$450,000
Cash flow, cap rate & mortgage breakdown
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Listed by FREEMAN REAL ESTATE LTD.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
1
Bathrooms
2
Days on Market
5
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$1,600/mo
Estimated from market price-to-rent ratios
Remarks
Rarely found oversized one-bedroom type condo rather than two useless small bedrooms. The bedroom can easily accommodate a king size bed plus furniture with a true walk-in closet waiting for your customization. Built in wall unit in living room. No parking? No problem. LOCATION: This location is ideal for financial district workers or Eaton Center shopaholics. Get to the Path or Subway in minutes. The Dundas Streetcar takes you across the city east and west while the Bay St bus takes you up to Yorkville or Bloor Street shopping. UPDATES: old carpet already removed, toilets, taps and shut-offs. AMENITIES: The Club Horizon facilities includes a games room featuring a brand new pool table, brand new foosball table and brand new ping-pong table, squash court, multi-use court for basketball, indoor pool, whirlpool, saunas, exercise room, theater room with a large screen TV and DVD and an expansive roof garden with seating, gas barbecues and hot tub. Storage Lockers are available for rent from the building for $85-115. E-bike/bicycle parking available for $72 per year.
MississaugaInvestor.ca
2405- 633 Bay Street
Condo Apartment · 1bd/2ba · ~950 sqft
$450,000
Cash-Flow Report · August 2, 2026
Cap Rate
-0.23%
Monthly Cash Flow
-$2,158/mo
Estimated Rent
$1,600/mo
Cash-on-Cash
-26.3%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,600 |
| Mortgage | −$2,071 |
| Property Tax | −$356 |
| Insurance | −$225 |
| Condo Fee | −$1,026 |
| Vacancy (5%) | −$80 |
| Cash Flow | -$2,158/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$19,200 |
| Vacancy (5%) | −$960 |
| Property Tax | −$4,275 |
| Insurance | −$2,700 |
| Condo Fee | −$12,312 |
| Annual NOI | $-1,047 |
| Cap Rate | -0.23% |
Cash Required to Close
| Down Payment (20%) | $90,000 |
| Ontario Land Transfer Tax | $5,475 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $98,475 |
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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