
315- 500 Richmond Street, Toronto C01
Toronto C01
$960,000
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX HALLMARK BIBBY GROUP 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
$2,450/mo
Estimated from market price-to-rent ratios
Remarks
This exceptionally designed, 1144 square foot, one-bedroom plus den, two-bathroom masterpiece in Cityscape Terrace reflects superior craftsmanship and attention to detail over two immaculate floors. Featuring a unique, customized layout with an abundant interior and exterior space, the entertainer's main floor showcases a tranquil and bright living & dining room which seamlessly integrates into an expansive west-facing private terrace oasis overlooking picturesque Augusta Street. The contemporary kitchen is a chef's dream and features stainless steel appliance, ample preparation space and storage throughout. The private upper level features a large primary bedroom retreat and is a full-floor sanctuary equipped with a fully updated, modern three-fixture spa-like bathroom and an expansive den area equipped with custom millwork which can be arranged as family room, home office or entertainment center.**Suite was originally configured as a 2 Bedroom** **EXTRAS** World Class Location! Easy Access To Queen & King West Shopping, Cafes & Galleries, Kensington Market, Financial & Entertainment Districts, Ace Hotel, Waterworks Food Hall, St. Andrews Park & Martin Goodman Trail. Steps To Public Transit.
MississaugaInvestor.ca
315- 500 Richmond Street
Condo Apartment · 2bd/2ba · ~1,100 sqft
$960,000
Cash-Flow Report · July 31, 2026
Cap Rate
0.49%
Monthly Cash Flow
-$4,028/mo
Estimated Rent
$2,450/mo
Cash-on-Cash
-22.94%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,450 |
| Mortgage | −$4,419 |
| Property Tax | −$760 |
| Insurance | −$225 |
| Condo Fee | −$951 |
| Vacancy (5%) | −$123 |
| Cash Flow | -$4,028/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$29,400 |
| Vacancy (5%) | −$1,470 |
| Property Tax | −$9,120 |
| Insurance | −$2,700 |
| Condo Fee | −$11,412 |
| Annual NOI | $4,698 |
| Cap Rate | 0.49% |
Cash Required to Close
| Down Payment (20%) | $192,000 |
| Ontario Land Transfer Tax | $15,675 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $210,675 |
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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