1609- 18 Esther Shiner Boulevard, Toronto C15
Toronto C15
$499,000
Cash flow, cap rate & mortgage breakdown
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Listed by TIMSOLD 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
$1,650/mo
Estimated from market price-to-rent ratios
Remarks
Experience elevated living at King's Landing in this never-lived-in 1-bedroom suite on the 16th floor. Designed with 9' ceilings, premium finishes, and a luxury Miele appliance package featuring a rare gas cooktop, this thoughtfully crafted home also offers custom bedroom organizers with automatic lighting and a spa-inspired bathroom with an oversized medicine cabinet. Relax on your private balcony and enjoy bright, open views. Perfectly located in the heart of North York, you're just minutes from Highways 404 and 401, Leslie & Bessarion TTC stations, Oriole GO, Bayview Village, Loblaws, T&T, IKEA, and an 8-acre park. Enjoy the perfect blend of luxury, convenience, and walkable city living. Don't miss out on your chance to live here!
MississaugaInvestor.ca
1609- 18 Esther Shiner Boulevard
Condo Apartment · 1bd/1ba · ~250 sqft
$499,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.43%
Monthly Cash Flow
-$1,704/mo
Estimated Rent
$1,650/mo
Cash-on-Cash
-18.72%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,650 |
| Mortgage | −$2,297 |
| Property Tax | −$395 |
| Insurance | −$225 |
| Condo Fee | −$354 |
| Vacancy (5%) | −$83 |
| Cash Flow | -$1,704/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$19,800 |
| Vacancy (5%) | −$990 |
| Property Tax | −$4,741 |
| Insurance | −$2,700 |
| Condo Fee | −$4,248 |
| Annual NOI | $7,121 |
| Cap Rate | 1.43% |
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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