2011- 23 Sheppard Avenue, Toronto C14
Toronto C14
$499,000
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX HALLMARK REALTY LTD.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
1
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
Excellent 633 Sq' open-concept layout, living & dining area which flows into a separate den, offering flexible living space. Spacious bedroom with large window, generous closet featuring built-in shelving & frosted glass doors, and laminate flooring in excellent condition. Functional kitchen. End-unit balcony offering privacy, no adjoining balcony, West Facing, overlooking courtyard & building pool amenities. Building Amenities on site, 24 Hr concierge, fitness centre, seimming pool, whirlpook, steam room, party room, billiards, media room, guest suites and cinema. Steps to Yonge, TTC, Hwy 401, shopping, schools, parks
MississaugaInvestor.ca
2011- 23 Sheppard Avenue
Condo Apartment · 2bd/1ba · ~650 sqft
$499,000
Cash-Flow Report · August 1, 2026
Cap Rate
1.31%
Monthly Cash Flow
-$1,754/mo
Estimated Rent
$1,950/mo
Cash-on-Cash
-19.27%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,950 |
| Mortgage | −$2,297 |
| Property Tax | −$395 |
| Insurance | −$225 |
| Condo Fee | −$689 |
| Vacancy (5%) | −$98 |
| Cash Flow | -$1,754/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$23,400 |
| Vacancy (5%) | −$1,170 |
| Property Tax | −$4,741 |
| Insurance | −$2,700 |
| Condo Fee | −$8,268 |
| Annual NOI | $6,521 |
| Cap Rate | 1.31% |
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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