902- 62 Wellesley Street, Toronto C01
Toronto C01
$950,000
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX CONDOS PLUS CORPORATION
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
4
Bathrooms
2
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$3,050/mo
Estimated from market price-to-rent ratios
Remarks
Experience Elegant Downtown Living In This Spacious 2-Bedroom, 2-Bathroom, 2-Solarium Suite Located In A Prestigious Boutique Building With Only 6 Suites Per Floor. Set In A Safe, Quiet, And Exceptionally Well-Maintained Environment, This Pet-Free Residence Of Nearly 1,500 Sq Ft Features A Sunken Living Room, An Eat-In Kitchen, An Ensuite Storage Locker, And One Parking Space. Enjoy A Full Range Of Amenities Including A 24-Hour Concierge, Visitor Parking, Indoor Pool, Exercise Room, Sauna, Squash Court, And A Rooftop Terrace With Stunning City Views. Ideally Situated Just Steps From Queens Park, The University Of Toronto, Major Hospitals, Public Transit, Subway Stations, Bus Stops, And Yorkville's Finest Restaurants, Cafes, Shopping Centres, And Grocery Stores, This Home Offers The Perfect Blend Of Urban Convenience And Residential Tranquility. Includes Two Solariums Measuring 200 Sq Ft Approx. !
MississaugaInvestor.ca
902- 62 Wellesley Street
Condo Apartment · 4bd/2ba · ~1,500 sqft
$950,000
Cash-Flow Report · July 31, 2026
Cap Rate
0.66%
Monthly Cash Flow
-$3,853/mo
Estimated Rent
$3,050/mo
Cash-on-Cash
-22.18%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,050 |
| Mortgage | −$4,373 |
| Property Tax | −$752 |
| Insurance | −$225 |
| Condo Fee | −$1,400 |
| Vacancy (5%) | −$153 |
| Cash Flow | -$3,853/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$36,600 |
| Vacancy (5%) | −$1,830 |
| Property Tax | −$9,025 |
| Insurance | −$2,700 |
| Condo Fee | −$16,800 |
| Annual NOI | $6,245 |
| Cap Rate | 0.66% |
Cash Required to Close
| Down Payment (20%) | $190,000 |
| Ontario Land Transfer Tax | $15,475 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $208,475 |
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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