502- 28 Avondale Avenue, Toronto C14
Toronto C14
$499,000
Cash flow, cap rate & mortgage breakdown
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Listed by T-ONE GROUP REALTY INC.,
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
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
Split-Bedroom Layout, 9ft Ceilings, And A Walk-Out Balcony - This Is The Floor Plan Buyers At Yonge & Sheppard Actually Search For. Set In A Boutique 12-Storey Building On A Quiet Residential Pocket Just Steps To The Subway, This Carpet-Free 2-Bed, 2-Bath Suite Is Move-In Ready With Laminate Flooring Throughout And A Kitchen Built For Daily Life: Quartz Counters, Glass Tile Backsplash, And Integrated Stainless Appliances. The Primary Bedroom Offers A Private Ensuite With Rain Shower; The Second Bedroom Sits On The Opposite Side For Real Separation, Not Just A Divider Wall. Enjoy A Rooftop Terrace, Fitness Centre, Party Room, And 24-Hr Concierge, Plus 1 Owned Parking And 1 Owned Locker Included. Steps To Yonge-Sheppard TTC, Hwy 401, And Hallmark Centre - Commuting And Daily Errands Are Both A Non-Issue Here. Low-Maintenance & Well-Located.
MississaugaInvestor.ca
502- 28 Avondale Avenue
Condo Apartment · 2bd/2ba · ~750 sqft
$499,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.06%
Monthly Cash Flow
-$1,856/mo
Estimated Rent
$1,950/mo
Cash-on-Cash
-20.39%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,950 |
| Mortgage | −$2,297 |
| Property Tax | −$395 |
| Insurance | −$225 |
| Condo Fee | −$791 |
| Vacancy (5%) | −$98 |
| Cash Flow | -$1,856/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$23,400 |
| Vacancy (5%) | −$1,170 |
| Property Tax | −$4,741 |
| Insurance | −$2,700 |
| Condo Fee | −$9,492 |
| Annual NOI | $5,297 |
| Cap Rate | 1.06% |
Cash Required to Close
| Down Payment (20%) | $99,800 |
| Ontario Land Transfer Tax | $6,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $109,255 |
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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