
438- 1029 King Street, Toronto C01
Toronto C01
$524,900
Cash flow, cap rate & mortgage breakdown
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Listed by ROYAL LEPAGE SIGNATURE REALTY
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
King West is one of Toronto's most vibrant and coveted neighbourhoods. At the heart of it all is Electra Lofts, a boutique-style, 213-suite loft residence celebrated for its distinctive two-storey loft designs, 17ft ceilings, and strong sense of community. Enjoy a desirable south-facing exposure that fills the home with natural light while offering a peaceful retreat. away from the hustle and bustle of King Street. Thoughtfully designed across 640 sq. ft. on two levels, this bright one-bedroom loft lives larger than its footprint.This loft maximizes every square foot with a functional open-concept layout featuring laminate flooring throughout, brand new quartz kitchen countertops, a matching quartz bathroom vanity, a breakfast bar, and spacious living and dining areas framed by soaring floor-to-ceiling windows and an exposed concrete feature wall. Step out to your private balcony before retreating upstairs to the generous primary bedroom, complete with a walk-in closet, four-piece ensuite, and convenient in-suite laundry. Low maintenance fees that include all utilities add exceptional value, while Electra Lofts offers exceptional property management and well-maintained amenities including a fitness room, party room, secure entry, bike storage, and visitor parking.Experience the very best of King and Queen West. Stroll to Trinity Bellwoods Park, meet friends at The Drake Hotel, and discover an ever-evolving mix of independent cafés, acclaimed restaurants, boutique shopping, and vibrant nightlife. Enjoy easy access to extensive bike paths, steps to Altea Active Toronto, summer festivals and events at Exhibition Place and the CNE, nearby Liberty Village, and commute with ease thanks to the King streetcar at your doorstep and GO Transit just a short walk away.
MississaugaInvestor.ca
438- 1029 King Street
Condo Apartment · 1bd/1ba · ~650 sqft
$524,900
Cash-Flow Report · July 31, 2026
Cap Rate
1%
Monthly Cash Flow
-$1,979/mo
Estimated Rent
$1,650/mo
Cash-on-Cash
-20.66%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,650 |
| Mortgage | −$2,416 |
| Property Tax | −$416 |
| Insurance | −$225 |
| Condo Fee | −$489 |
| Vacancy (5%) | −$83 |
| Cash Flow | -$1,979/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$19,800 |
| Vacancy (5%) | −$990 |
| Property Tax | −$4,987 |
| Insurance | −$2,700 |
| Condo Fee | −$5,868 |
| Annual NOI | $5,255 |
| Cap Rate | 1% |
Cash Required to Close
| Down Payment (20%) | $104,980 |
| Ontario Land Transfer Tax | $6,973 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $114,953 |
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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