2903- 270 Queens Quay, Toronto C01
Toronto C01
$509,000
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX HALLMARK REALTY LTD.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
1
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
Enjoy the best of downtown waterfront living at 270 Queens Quay W! A renovated, bright and spacious unit with southwest views and solarium den. 1 locker unit included. Ideally situated steps from Lake Ontario, the waterfront promenade, parks, scenic walking and cycling trails, and Harbourfront Centre. This exceptional location puts you just minutes from the CN Tower, Rogers Centre, Scotiabank Arena, Entertainment District, Financial District, and an array of restaurants, cafés, and shopping. Convenient TTC streetcar service along Queens Quay provides easy access to Union Station, GO Transit, the subway, and VIA Rail, while the Gardiner Expressway and Billy Bishop Airport are also nearby. With the lake at your doorstep and downtown Toronto just moments away, this is a truly connected and vibrant waterfront lifestyle. Welcome Home.
MississaugaInvestor.ca
2903- 270 Queens Quay
Condo Apartment · 2bd/1ba · ~750 sqft
$509,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.35%
Monthly Cash Flow
-$1,772/mo
Estimated Rent
$1,950/mo
Cash-on-Cash
-19.08%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,950 |
| Mortgage | −$2,343 |
| Property Tax | −$403 |
| Insurance | −$225 |
| Condo Fee | −$653 |
| Vacancy (5%) | −$98 |
| Cash Flow | -$1,772/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$23,400 |
| Vacancy (5%) | −$1,170 |
| Property Tax | −$4,836 |
| Insurance | −$2,700 |
| Condo Fee | −$7,836 |
| Annual NOI | $6,858 |
| Cap Rate | 1.35% |
Cash Required to Close
| Down Payment (20%) | $101,800 |
| Ontario Land Transfer Tax | $6,655 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $111,455 |
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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