
620- 629 King Street, Toronto C01
Toronto C01
$399,900
Cash flow, cap rate & mortgage breakdown
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Listed by PSR
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
1
Bathrooms
1
Days on Market
2
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$1,500/mo
Estimated from market price-to-rent ratios
Remarks
Experience refined urban living in this stylish one-bedroom suite at the iconic Thompson Residences, perfectly perched above a prime stretch of King Street West. Designed with a sleek, hotel-like ambiance, this unit is flooded with natural light through true wall-to-wall, floor-to-ceiling windows and features an extra-large Juliette balcony for an effortless indoor/outdoor lifestyle. The open-concept layout is flawlessly efficient, with no wasted space, and elevated by premium finishes including a Scavolini designer kitchen, wide-plank hardwood flooring, new designer light fixtures throughout, custom roller blinds, and floor-to-ceiling built-in storage with tailored closet organizers. The bathroom has been upgraded with extra storage, while a hinged mirror cleverly conceals the electrical panel, maintaining the unit's clean, modern aesthetic. Soaring 9-foot exposed concrete ceilings add a modern, loft-inspired touch. A dedicated storage locker provides added convenience and space for seasonal items or personal belongings. Residents enjoy top-tier amenities like a full-time concierge and a two-storey fitness centre overlooking King West. Located in the heart of Toronto's most vibrant neighborhood, steps from renowned dining, nightlife, parks with The Well just around the corner, this location is a walker's paradise.
MississaugaInvestor.ca
620- 629 King Street
Condo Apartment · 1bd/1ba · ~250 sqft
$399,900
Cash-Flow Report · July 31, 2026
Cap Rate
1.27%
Monthly Cash Flow
-$1,417/mo
Estimated Rent
$1,500/mo
Cash-on-Cash
-19.44%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,500 |
| Mortgage | −$1,841 |
| Property Tax | −$317 |
| Insurance | −$225 |
| Condo Fee | −$459 |
| Vacancy (5%) | −$75 |
| Cash Flow | -$1,417/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$18,000 |
| Vacancy (5%) | −$900 |
| Property Tax | −$3,799 |
| Insurance | −$2,700 |
| Condo Fee | −$5,508 |
| Annual NOI | $5,093 |
| Cap Rate | 1.27% |
Cash Required to Close
| Down Payment (20%) | $79,980 |
| Ontario Land Transfer Tax | $4,474 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $87,454 |
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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