2313- 761 bay Street, Toronto C01
Toronto C01
$588,800
Cash flow, cap rate & mortgage breakdown
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Listed by AIMHOME REALTY INC.
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
$1,700/mo
Estimated from market price-to-rent ratios
Remarks
Bright and spacious 1-bedroom condo at College Park 2, located in the highly sought-after Bay Street Corridor. This unit features an additional 70 sq. ft. balcony, 9 ft ceilings, and floor-to-ceiling windows providing abundant natural light. Perfectly situated steps from the University of Toronto, Toronto Metropolitan University (formerly Ryerson), major hospitals, Eaton Centre, Financial District, Maple Leaf Gardens, Loblaws, Sobeys, Metro, and Winners. Enjoy direct access to the subway and convenient access to public transit, shopping, restaurants, and entertainment. The building offers exceptional amenities including 24-hour concierge service, indoor swimming pool, sauna, fully equipped gym, party room, game room, business centre, and guest suites. The unit includes one parking space and one locker, has been freshly painted and professionally cleaned, and is move-in ready. A fantastic opportunity to enjoy comfort, convenience, and an unbeatable downtown location.
MississaugaInvestor.ca
2313- 761 bay Street
Condo Apartment · 1bd/1ba · ~650 sqft
$588,800
Cash-Flow Report · July 31, 2026
Cap Rate
0.67%
Monthly Cash Flow
-$2,383/mo
Estimated Rent
$1,700/mo
Cash-on-Cash
-22.17%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,700 |
| Mortgage | −$2,710 |
| Property Tax | −$466 |
| Insurance | −$225 |
| Condo Fee | −$597 |
| Vacancy (5%) | −$85 |
| Cash Flow | -$2,383/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$20,400 |
| Vacancy (5%) | −$1,020 |
| Property Tax | −$5,594 |
| Insurance | −$2,700 |
| Condo Fee | −$7,164 |
| Annual NOI | $3,922 |
| Cap Rate | 0.67% |
Cash Required to Close
| Down Payment (20%) | $117,760 |
| Ontario Land Transfer Tax | $8,251 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $129,011 |
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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