
408- 311 Richmond Street, Toronto C08
Toronto C08
$529,900
Cash flow, cap rate & mortgage breakdown
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Listed by SOTHEBY'S INTERNATIONAL REALTY CANADA
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
1
Bathrooms
1
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$1,650/mo
Estimated from market price-to-rent ratios
Remarks
Imperial Square Condos is a classic boutique building with only 90 units set in one of Toronto's most central and well-connected neighbourhoods! walk to EVERYTHING!!!!311 Richmond street is perfectly situated just one block from the new Moss Park Metrolinx station, with easy access to multiple TTC routes, grocery stores, shops, restaurants, and parks.Discover all the incredible nearby attractions - St. Lawrence Market, STEPS away from George Brown College, the Distillery District, Eaton Centre, and the Waterfront are all just minutes away. This is downtown living at its finest. This stunning 679 sq ft corner suite has THE BEST VIEWS in the building with a south facing balcony. Enjoy the dining and bedroom views of the mature and majestic Elm tree where you can watch the seasons change. The bright and private bedroom is a perfect place to nest with it's spacious double closets, and its unique, picture perfect portrait tree top view in the heart of the city! The kitchen features a full-size breakfast bar that seats 4, ample cupboard storage and full-sized whirlpool appliances. With updated engineered hardwood floors, this suite offers contemporary finishes and a well-designed open concept layout with flexibility. Multiple layouts are possible. Come and see how walking into Suite 408 whispers easy living and easy entertaining. The building's amenities are equally impressive, featuring a fully equipped gym, visitor parking, a party room with billiards table, and a rooftop deck complete with BBQs, a great covered dining or lounge space and breathtaking panoramic views of the Toronto skyline. This suite includes a dedicated storage locker - underground parking spaces are available for rent through property management. Please see brokers remarks re special assessment for balconies and windows. Balconies were already redone in 2025 and windows will be replaced tentatively spring 2027. Sit back and relax as your investment appreciates
MississaugaInvestor.ca
408- 311 Richmond Street
Condo Apartment · 1bd/1ba · ~650 sqft
$529,900
Cash-Flow Report · July 31, 2026
Cap Rate
0.69%
Monthly Cash Flow
-$2,136/mo
Estimated Rent
$1,650/mo
Cash-on-Cash
-22.09%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,650 |
| Mortgage | −$2,439 |
| Property Tax | −$420 |
| Insurance | −$225 |
| Condo Fee | −$619 |
| Vacancy (5%) | −$83 |
| Cash Flow | -$2,136/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$19,800 |
| Vacancy (5%) | −$990 |
| Property Tax | −$5,034 |
| Insurance | −$2,700 |
| Condo Fee | −$7,428 |
| Annual NOI | $3,648 |
| Cap Rate | 0.69% |
Cash Required to Close
| Down Payment (20%) | $105,980 |
| Ontario Land Transfer Tax | $7,073 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $116,053 |
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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