1309- 26 Norton Avenue, Toronto C14
Toronto C14
$555,000
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX ELITE REAL ESTATE
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
1
Days on Market
3
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,000/mo
Estimated from market price-to-rent ratios
Remarks
Luxurious 1+Den Condo in the Heart of North York! Bright and spacious open-concept layout featuring 9-ft ceilings, floor-to-ceiling windows, and an enclosed den with a door, offering excellent versatility for a home office, guest room, or flex space. Modern kitchen with newly installed vinyl flooring and breathtaking west-facing sunset views. Two walk-outs to a large balcony. Includes one parking space and one locker. Unbeatable location just steps to North York Centre Subway, supermarkets, restaurants, library, cinema, shopping, parks, schools, and all everyday amenities.
MississaugaInvestor.ca
1309- 26 Norton Avenue
Condo Apartment · 2bd/1ba · ~650 sqft
$555,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.23%
Monthly Cash Flow
-$1,986/mo
Estimated Rent
$2,000/mo
Cash-on-Cash
-19.6%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,000 |
| Mortgage | −$2,555 |
| Property Tax | −$439 |
| Insurance | −$225 |
| Condo Fee | −$667 |
| Vacancy (5%) | −$100 |
| Cash Flow | -$1,986/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$24,000 |
| Vacancy (5%) | −$1,200 |
| Property Tax | −$5,273 |
| Insurance | −$2,700 |
| Condo Fee | −$8,004 |
| Annual NOI | $6,823 |
| Cap Rate | 1.23% |
Cash Required to Close
| Down Payment (20%) | $111,000 |
| Ontario Land Transfer Tax | $7,575 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $121,575 |
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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