408- 660 Eglinton Avenue, Toronto C04
Toronto C04
$399,000
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX HALLMARK REALTY LTD.
Investment Analysis
Key Facts
Type
Co-Ownership Apartment
Bedrooms
1
Bathrooms
1
Days on Market
1
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
Welcome to 660 Eglinton Ave W #408, a beautifully renovated 1-bedroom, 1-bath suite in a sought-after Forest Hill co-ownership building. This bright and spacious unit offers modern finishes throughout, featuring a stylish eat-in kitchen, dedicated workspace nook, and a private balcony perfect for morning coffee or evening relaxation. Enjoy the convenience of parking and a locker, plus ample in-suite storage. Residents have access to a large common terrace with BBQs, ideal for entertaining outdoors. Steps to TTC, the upcoming LRT, shops, cafes, dining, and the Beltline Trailyoull love the unmatched lifestyle this location offers. Exceptional value in one of Torontos most prestigious neighbourhoods!
MississaugaInvestor.ca
408- 660 Eglinton Avenue
Co-Ownership Apartment · 1bd/1ba · ~750 sqft
$399,000
Cash-Flow Report · July 31, 2026
Cap Rate
0.68%
Monthly Cash Flow
-$1,611/mo
Estimated Rent
$1,500/mo
Cash-on-Cash
-22.15%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,500 |
| Mortgage | −$1,837 |
| Property Tax | −$316 |
| Insurance | −$225 |
| Condo Fee | −$658 |
| Vacancy (5%) | −$75 |
| Cash Flow | -$1,611/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$18,000 |
| Vacancy (5%) | −$900 |
| Property Tax | −$3,791 |
| Insurance | −$2,700 |
| Condo Fee | −$7,896 |
| Annual NOI | $2,713 |
| Cap Rate | 0.68% |
Cash Required to Close
| Down Payment (20%) | $79,800 |
| Ontario Land Transfer Tax | $4,460 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $87,260 |
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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