
1243- 135 Lower Sherbourne Street, Toronto C08
Toronto C08
$528,000
Cash flow, cap rate & mortgage breakdown
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Listed by CENTURY 21 LEADING EDGE REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$1,950/mo
Estimated from market price-to-rent ratios
Remarks
Time & Space by Pemberton - a modern urban residence in one of downtown Toronto's most vibrant and sought-after communities. This bright and spacious one bedroom plus den (potential 2nd bedroom) with 2 full baths over 572 sqft features 9-foot smooth ceilings, laminate flooring throughout, and a thoughtfully designed open-concept layout that maximizes every square foot with no wasted space. The well-appointed kitchen is equipped with sleek built-in appliances, granite countertops, and ample cabinetry, seamlessly flowing into the dedicated living area. The living room extends to a private balcony, offering the perfect spot to relax and enjoy the city atmosphere. The generously sized primary bedroom includes a large window for abundant natural light and ample closet space. A versatile enclosed den with a full door provides the flexibility to function as a second bedroom, nursery, or home office. Perfectly situated in the heart of the city, you're just steps to St. Lawrence Market (including the highly anticipated Phase 2 redevelopment), No Frills, boutique shops, cafes, restaurants, and the historic Distillery District. Convenient access to the downtown core, TTC, and the DVP makes commuting effortless. Currently tenanted, property is virtually staged.
MississaugaInvestor.ca
1243- 135 Lower Sherbourne Street
Condo Apartment · 2bd/2ba · ~550 sqft
$528,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.56%
Monthly Cash Flow
-$1,745/mo
Estimated Rent
$1,950/mo
Cash-on-Cash
-18.11%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,950 |
| Mortgage | −$2,430 |
| Property Tax | −$418 |
| Insurance | −$225 |
| Condo Fee | −$524 |
| Vacancy (5%) | −$98 |
| Cash Flow | -$1,745/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$23,400 |
| Vacancy (5%) | −$1,170 |
| Property Tax | −$5,016 |
| Insurance | −$2,700 |
| Condo Fee | −$6,288 |
| Annual NOI | $8,226 |
| Cap Rate | 1.56% |
Cash Required to Close
| Down Payment (20%) | $105,600 |
| Ontario Land Transfer Tax | $7,035 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $115,635 |
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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