
603 Cummer Avenue, Toronto C15
Toronto C15
$1,398,888
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX HALLMARK REALTY LTD.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
6
Bathrooms
3
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Suite Potential (+$1,445/mo)
Rent Estimate
Estimated from market price-to-rent ratios · Verify suite legality with the City of Mississauga
Remarks
Set in the desirable Bayview Woods neighbourhood, this spacious and versatile home offers plenty of room to enjoy, with exciting potential for the future! Step inside to a bright and welcoming foyer that opens into the combined living and dining area, where natural light from the large bay window create a warm and inviting atmosphere for relaxing, dining, and entertaining. Continue into the updated kitchen, complete with a gas stove, ample cabinetry, and a comfortable breakfast area perfect for casual meals or sipping your morning coffee, with the added convenience of laundry located within the space. Upstairs, you will find three generously sized bedrooms, including a spacious primary bedroom with its own private 4-piece ensuite, along with an updated 5-piece main bathroom. The lower levels with a walk-out to the backyard, offer additional seating areas, a second kitchen, additional laundry facility, a full 4-piece bathroom, and three bedrooms. Note that the fireplace on the ground level is out of commission. This self-contained space has great potential to be converted into a separate 3-bedroom living space, by adding a door leading to the main floor, for multi-generational living or for additional income, subject to municipal approvals. Ideally located steps from public transit (TTC & GO Train), parks, ravine trails, top-rated schools, Cummer Shopping Centre, restaurants, and everyday conveniences in the North York community.
MississaugaInvestor.ca
603 Cummer Avenue
Detached · 6bd/3ba · ~2,250 sqft
$1,398,888
Cash-Flow Report · July 31, 2026
Cap Rate
2.21%
Monthly Cash Flow
-$3,859/mo
Estimated Rent
$5,345/mo
Cash-on-Cash
-15.07%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$5,345 |
| Mortgage | −$6,439 |
| Property Tax | −$1,107 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$1,166 |
| Vacancy (5%) | −$267 |
| Cash Flow | -$3,859/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$64,140 |
| Vacancy (5%) | −$3,207 |
| Property Tax | −$13,289 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$13,989 |
| Annual NOI | $30,955 |
| Cap Rate | 2.21% |
Cash Required to Close
| Down Payment (20%) | $279,777.6 |
| Ontario Land Transfer Tax | $24,453 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $307,230.6 |
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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