2302- 115 Blue Jays Way, Toronto C01
Toronto C01
$729,800
Cash flow, cap rate & mortgage breakdown
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Listed by MCCANN REALTY GROUP LTD.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
3
Bathrooms
2
Days on Market
2
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,500/mo
Estimated from market price-to-rent ratios
Remarks
Highly Desired Corner Unit In The Famous KING BLUE Condominiums. Freshly Painted, Floor-To-Ceiling Large Windows, Functional Layout, Walk-Out To Balcony And Enjoy The Unobstructed South East View, 9 Feet Ceiling, Bright Open Concept Suite With Wraparound Balcony, The Entire Space Is Filled With Sunlight. Best To Entertain Guests And Self-Living. Primary Bedroom With Ensuites & Walk-In Closets, Third Bedroom Can Be Transformed Into An Office. Steps To All Amenities: TIFF, Queen West, Chinatown, AGO, Bars, Restaurants, Shopping, Entertainment, TTC, Easily Accessible To Everything. Walking Distance To Bay Street, OCAD, UofT, George Brown, Ryerson, Union Station, Fabulous Facilities Including Indoor Pool, Gym, Yoga, Party/Meeting Room.
MississaugaInvestor.ca
2302- 115 Blue Jays Way
Condo Apartment · 3bd/2ba · ~950 sqft
$729,800
Cash-Flow Report · July 31, 2026
Cap Rate
1.32%
Monthly Cash Flow
-$2,557/mo
Estimated Rent
$2,500/mo
Cash-on-Cash
-19.17%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,500 |
| Mortgage | −$3,359 |
| Property Tax | −$578 |
| Insurance | −$225 |
| Condo Fee | −$770 |
| Vacancy (5%) | −$125 |
| Cash Flow | -$2,557/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$30,000 |
| Vacancy (5%) | −$1,500 |
| Property Tax | −$6,933 |
| Insurance | −$2,700 |
| Condo Fee | −$9,240 |
| Annual NOI | $9,627 |
| Cap Rate | 1.32% |
Cash Required to Close
| Down Payment (20%) | $145,960 |
| Ontario Land Transfer Tax | $11,071 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $160,031 |
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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