506- 35 Bales Avenue, Toronto C14
Toronto C14
$539,900
Cash flow, cap rate & mortgage breakdown
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Listed by ZOWN REALTY INC.
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
$2,000/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to this beautifully maintained 2-bedroom condo at 35 Bales Avenue, offering comfort, convenience, and vibrant urban living in the heart of North York. Bright and functional, the suite features an open-concept living and dining area, large windows for abundant natural light, and a well-equipped kitchen with ample cabinetry and counter space.The desirable split-bedroom layout provides exceptional privacy-ideal for professionals, small families, roommates, or investors. The primary bedroom offers generous closet space, while the second bedroom is versatile for guests, a nursery, or a home office. Enjoy in-suite laundry and a private balcony with city views.Ideally located steps from the TTC subway, shopping, restaurants, cafés, parks, and everyday amenities, with easy access to Highway 401, Yonge Street, schools, and North York Centre. Building amenities further enhance this convenient lifestyle. A move-in-ready opportunity for first-time buyers, downsizers, and investors alike.Some photos are virtually staged.
MississaugaInvestor.ca
506- 35 Bales Avenue
Condo Apartment · 2bd/1ba · ~750 sqft
$539,900
Cash-Flow Report · July 31, 2026
Cap Rate
1.17%
Monthly Cash Flow
-$1,958/mo
Estimated Rent
$2,000/mo
Cash-on-Cash
-19.87%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,000 |
| Mortgage | −$2,485 |
| Property Tax | −$427 |
| Insurance | −$225 |
| Condo Fee | −$721 |
| Vacancy (5%) | −$100 |
| Cash Flow | -$1,958/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$24,000 |
| Vacancy (5%) | −$1,200 |
| Property Tax | −$5,129 |
| Insurance | −$2,700 |
| Condo Fee | −$8,652 |
| Annual NOI | $6,319 |
| Cap Rate | 1.17% |
Cash Required to Close
| Down Payment (20%) | $107,980 |
| Ontario Land Transfer Tax | $7,273 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $118,253 |
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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