
1617- 85 Wood Street, Toronto C08
Toronto C08
$549,000
Cash flow, cap rate & mortgage breakdown
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Listed by PMT REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
1
Days on Market
2
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
Welcome to Axis Condos, where contemporary downtown living meets unbeatable convenience. This bright and thoughtfully designed 2-bedroom, 1-bathroom residence offers approximately 560 sq. ft. of interior living space, complemented by an impressive 98 sq. ft. private balcony-the perfect extension of your living space in the heart of the city. The functional open-concept layout makes excellent use of every square foot, with a bright living area that opens onto the spacious balcony. The two bedrooms provide comfortable accommodations, while the contemporary kitchen and well-appointed bathroom complete this stylish urban home. Residents enjoy an impressive collection of amenities, including a 6,500 sq. ft. fitness centre, learning centre, café, bar with terrace, media lounge, guest suites, and rooftop patio, offering plenty of spaces to work, relax, socialize, and entertain. Perfectly positioned in the heart of Downtown Toronto, Axis Condos is just steps from Toronto Metropolitan University, Maple Leaf Gardens, Loblaws, subway access, 24-hour streetcar service, and College Park, with the Eaton Centre, Yonge-Dundas Square, University of Toronto, and countless restaurants, shops, and entertainment options all within easy reach. An exceptional opportunity to own a well-designed 2-bedroom home in one of Toronto's most connected and vibrant neighbourhoods. Urban living doesn't get more convenient than this.
MississaugaInvestor.ca
1617- 85 Wood Street
Condo Apartment · 2bd/1ba · ~550 sqft
$549,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.87%
Monthly Cash Flow
-$1,672/mo
Estimated Rent
$2,000/mo
Cash-on-Cash
-16.68%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,000 |
| Mortgage | −$2,527 |
| Property Tax | −$435 |
| Insurance | −$225 |
| Condo Fee | −$385 |
| Vacancy (5%) | −$100 |
| Cash Flow | -$1,672/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$24,000 |
| Vacancy (5%) | −$1,200 |
| Property Tax | −$5,216 |
| Insurance | −$2,700 |
| Condo Fee | −$4,620 |
| Annual NOI | $10,264 |
| Cap Rate | 1.87% |
Cash Required to Close
| Down Payment (20%) | $109,800 |
| Ontario Land Transfer Tax | $7,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $120,255 |
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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