4604- 89 Church Street, Toronto C08
Toronto C08
$724,000
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 The Saint Condos, this spacious suite two bedrooms plus den, two-bathroom, in this brand new unit with a practical layout in an exceptional location at Richmond and Church in the heart of downtown Toronto. Residents enjoy unprecedented amenities including a wellness centre devoted to rejuvenation and relaxation and Zen Garden, state of the art gym, co-working space for your work from home needs, brilliant party spaces, rooftop outdoor lounge and BBQ. Unbeatable convenience with a short-minute walk to the Financial District, a 1-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 costs. Property Taxes have not been assessed yet.
MississaugaInvestor.ca
4604- 89 Church Street
Condo Apartment · 3bd/2ba · ~850 sqft
$724,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.41%
Monthly Cash Flow
-$2,480/mo
Estimated Rent
$2,500/mo
Cash-on-Cash
-18.75%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,500 |
| Mortgage | −$3,332 |
| Property Tax | −$573 |
| Insurance | −$225 |
| Condo Fee | −$725 |
| Vacancy (5%) | −$125 |
| Cash Flow | -$2,480/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$30,000 |
| Vacancy (5%) | −$1,500 |
| Property Tax | −$6,878 |
| Insurance | −$2,700 |
| Condo Fee | −$8,700 |
| Annual NOI | $10,222 |
| Cap Rate | 1.41% |
Cash Required to Close
| Down Payment (20%) | $144,800 |
| Ontario Land Transfer Tax | $10,955 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $158,755 |
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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