3703- 88 Queen Street, Toronto C08
Toronto C08
$709,000
Cash flow, cap rate & mortgage breakdown
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Listed by RESIDENTIAL DEVELOPMENT SERVICES INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
3
Bathrooms
2
Days on Market
3
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
Welcome to 88 Queen Condos, offering this three-bed, two-bath in this brand new unit with practical layout in an exceptional location at Church and Queen in the heart of downtown Toronto. Residents enjoy world-class amenities including an outdoor infinity pool with cabanas, fitness centre, guest suites, indoor lounge and dining room, movie theatre, co-working space, conservatory, aerial yoga area, jacuzzi tub, fully equipped kitchen and party room, and an outdoor terrace with fireplace and BBQs. Unbeatable convenience with a 7-minute walk to the Financial District, a 3-minute walk to the TTC, and walking distance to Toronto Metropolitan University, George Brown College, University of Toronto, St. Michael's Hospital, CF Toronto Eaton Centre, and Union Station. Rogers high-speed internet included. Parking and Locker are available at an additional cost. Property Taxes still to be assessed.
MississaugaInvestor.ca
3703- 88 Queen Street
Condo Apartment · 3bd/2ba · ~750 sqft
$709,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.75%
Monthly Cash Flow
-$2,228/mo
Estimated Rent
$2,500/mo
Cash-on-Cash
-17.2%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,500 |
| Mortgage | −$3,263 |
| Property Tax | −$561 |
| Insurance | −$225 |
| Condo Fee | −$554 |
| Vacancy (5%) | −$125 |
| Cash Flow | -$2,228/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$30,000 |
| Vacancy (5%) | −$1,500 |
| Property Tax | −$6,736 |
| Insurance | −$2,700 |
| Condo Fee | −$6,648 |
| Annual NOI | $12,416 |
| Cap Rate | 1.75% |
Cash Required to Close
| Down Payment (20%) | $141,800 |
| Ontario Land Transfer Tax | $10,655 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $155,455 |
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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