1605- 15 Mercer Street, Toronto C01
Toronto C01
$699,000
Cash flow, cap rate & mortgage breakdown
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Listed by AVION REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
3
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,150/mo
Estimated from market price-to-rent ratios
Remarks
Experience luxury downtown living at the iconic Nobu Residences. This bright and functional 2-bedroom, 2-bathroom suite offers 719 sq. ft. of thoughtfully designed living space with unobstructed city views. Enjoy a spectacular skyline outlook, including views toward the renowned Toronto International Film Festival (TIFF) district.Located in one of Toronto's most prestigious mixed-use developments, you're just steps from Union Station, the waterfront, TTC transit, world-class restaurants, theatres, Rogers Centre, Scotiabank Arena, and the Financial District.
MississaugaInvestor.ca
1605- 15 Mercer Street
Condo Apartment · 2bd/3ba · ~750 sqft
$699,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.23%
Monthly Cash Flow
-$2,498/mo
Estimated Rent
$2,150/mo
Cash-on-Cash
-19.56%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,150 |
| Mortgage | −$3,217 |
| Property Tax | −$553 |
| Insurance | −$225 |
| Condo Fee | −$545 |
| Vacancy (5%) | −$108 |
| Cash Flow | -$2,498/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$25,800 |
| Vacancy (5%) | −$1,290 |
| Property Tax | −$6,641 |
| Insurance | −$2,700 |
| Condo Fee | −$6,540 |
| Annual NOI | $8,629 |
| Cap Rate | 1.23% |
Cash Required to Close
| Down Payment (20%) | $139,800 |
| Ontario Land Transfer Tax | $10,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $153,255 |
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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