
1806- 15 Mercer Street, Toronto C01
Toronto C01
$699,000
Cash flow, cap rate & mortgage breakdown
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Listed by REMAX YOUR COMMUNITY REALTY
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
3
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
A statement in modern luxury, this suite at Nobu Residences Toronto delivers exceptional design & an unmatched lifestyle in the heart of the Entertainment District. Offering 2 bedrooms & 2 full baths, the bright open-concept layout is enhanced by floor-to-ceiling windows & premium finishes throughout. The modern kitchen features built-in Miele appliances, seamlessly integrated into the contemporary design. The spacious primary bedroom includes a private ensuite, while the well-sized 2nd bedroom provides flexibility for guests, family, or a home office. Additional features include in-suite Miele laundry, fibre internet directly to the unit, fresh paint, stylish new light fixtures, custom window coverings throughout, including blackout blinds in both bedrooms, & a dual-zone thermostat allowing for independent temperature control & year-round comfort. Ideally located just steps to King West nightlife, Rogers Centre, acclaimed restaurants, luxury hotels, theatres, & some of Toronto's premier entertainment & cultural destinations. Residents enjoy access to over 20,000 sq. ft. of thoughtfully curated amenities designed by Studio Munge, including a state-of-the-art fitness centre W/ dedicated weight & cardio areas, yoga & spin studios, a hot tub, sauna, steam room, & hydrotherapy hot/cold circuit. Additional amenities include outdoor BBQ & picnic areas, a conference centre, games and recreation lounge, & 24-hour concierge service, offering a truly elevated lifestyle experience!
MississaugaInvestor.ca
1806- 15 Mercer Street
Condo Apartment · 2bd/2ba · ~750 sqft
$699,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.13%
Monthly Cash Flow
-$2,558/mo
Estimated Rent
$2,150/mo
Cash-on-Cash
-20.03%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,150 |
| Mortgage | −$3,217 |
| Property Tax | −$553 |
| Insurance | −$225 |
| Condo Fee | −$605 |
| Vacancy (5%) | −$108 |
| Cash Flow | -$2,558/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$25,800 |
| Vacancy (5%) | −$1,290 |
| Property Tax | −$6,641 |
| Insurance | −$2,700 |
| Condo Fee | −$7,260 |
| Annual NOI | $7,909 |
| Cap Rate | 1.13% |
Cash Required to Close
| Down Payment (20%) | $139,800 |
| Ontario Land Transfer Tax | $10,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $153,255 |
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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