
187 Patricia Avenue, Toronto C07
Toronto C07
$2,180,000
Cash flow, cap rate & mortgage breakdown
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Listed by REMAX YOUR COMMUNITY REALTY
Investment Analysis
Key Facts
Type
Detached
Bedrooms
6
Bathrooms
6
Days on Market
3
Price Drop
12%
Year Built
N/A
Status
Active
Basement Income
Finished Basement
Rent Estimate
$4,800/mo
Estimated from market price-to-rent ratios
Remarks
Fully renovated with meticulous attention to detail, this elegant home offers modern sophistication, exceptional indoor-outdoor living, and curb appeal that impresses at every turn. Situated on a premium lot with over 50 ft. of frontage and close proximity to Yonge Street and public transportation, the property showcases a stunning refaced exterior, professional landscaping, and a double driveway. Step inside to a bright open-concept layout featuring an open-to-above foyer leading to spacious living and dining areas. The main floor includes a private office, a cozy family room, and a high-end chef's kitchen with quartz countertops, stainless steel appliances, and a large island perfect for entertaining. Hardwood floors, elegant accent walls, crown moulding, pot lights, and zebra blinds enhance the refined interior. The second floor offers four spacious bedrooms and three bathrooms, including a gorgeous primary suite with a walk-in closet, additional closet, and walk-out to a private balcony. A second-floor laundry room adds everyday convenience.The fully finished basement with a private walk-up entrance is ideal for extended family living or rental income, featuring an open-concept living area, modern kitchen with island, two large bedrooms with walk-in closets, oversized windows, and a bright airy feel. Upgrades include newer windows, upgraded electrical panel, plumbing improvements, refinished staircase and railings, new baseboards and casings, updated flooring and tiles, new kitchens, remodelled bathrooms, designer finishes, upgraded light fixtures, smart storage solutions, and fresh paint throughout. Minutes to Yonge & Steeles and Yonge & Cummer, with easy access to TTC, YRT, Finch subway station, Centerpoint Mall, and Promenade Shopping Centre. Located in one of Thornhill's most desirable pockets, this home blends tranquility with unmatched urban convenience.
MississaugaInvestor.ca
187 Patricia Avenue
Detached · 6bd/6ba · ~4,250 sqft
$2,180,000
Cash-Flow Report · July 31, 2026
Cap Rate
0.44%
Monthly Cash Flow
-$9,242/mo
Estimated Rent
$4,800/mo
Cash-on-Cash
-23.11%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$4,800 |
| Mortgage | −$10,034 |
| Property Tax | −$1,726 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$1,817 |
| Vacancy (5%) | −$240 |
| Cash Flow | -$9,242/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$57,600 |
| Vacancy (5%) | −$2,880 |
| Property Tax | −$20,710 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$21,800 |
| Annual NOI | $9,510 |
| Cap Rate | 0.44% |
Cash Required to Close
| Down Payment (20%) | $436,000 |
| Ontario Land Transfer Tax | $40,975 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $479,975 |
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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