427- 543 Richmond Street, Toronto C01
Toronto C01
$499,000
Cash flow, cap rate & mortgage breakdown
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Listed by ROYAL LEPAGE SIGNATURE REALTY
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
2
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$1,950/mo
Estimated from market price-to-rent ratios
Remarks
Spacious King West living! Location and Layout matters! Offering approximately 755 sq. ft., this well-proportioned 1+1 bedroom suite delivers the space and functionality of a two-bedroom layout. 9 ft High ceilings and desirable South exposure enhance the sense of openness and natural light, making the suite feel even more spacious in person. Enjoy a open, SOUTH-facing pool view and the added convenience of a LOCKER LOCATED ON THE SAME FLOOR. Ideal for storing bicycles, seasonal items, and everyday essentials without needing to use the elevator. Ideally located near Portland Street in the heart of King West, you'll be steps from some of Toronto's best restaurants, cafés, entertainment, transit, and downtown conveniences. With comparatively reasonable maintenance fees, this suite offers an exceptional combination of comfort, convenience, and value in one of downtown Toronto's most vibrant neighbourhoods.
MississaugaInvestor.ca
427- 543 Richmond Street
Condo Apartment · 2bd/2ba · ~750 sqft
$499,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.59%
Monthly Cash Flow
-$1,635/mo
Estimated Rent
$1,950/mo
Cash-on-Cash
-17.96%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,950 |
| Mortgage | −$2,297 |
| Property Tax | −$395 |
| Insurance | −$225 |
| Condo Fee | −$570 |
| Vacancy (5%) | −$98 |
| Cash Flow | -$1,635/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$23,400 |
| Vacancy (5%) | −$1,170 |
| Property Tax | −$4,741 |
| Insurance | −$2,700 |
| Condo Fee | −$6,840 |
| Annual NOI | $7,949 |
| Cap Rate | 1.59% |
Cash Required to Close
| Down Payment (20%) | $99,800 |
| Ontario Land Transfer Tax | $6,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $109,255 |
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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