
148- 10 Merchant Lane, Toronto C01
Toronto C01
$649,000
Cash flow, cap rate & mortgage breakdown
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Listed by ROYAL LEPAGE TERREQUITY REALTY
Investment Analysis
Key Facts
Type
Condo Townhouse
Bedrooms
2
Bathrooms
2
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,100/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to one of the most thoughtfully redesigned residences within the community. Showcasing extensive custom wainscoting and exceptional millwork craftsmanship throughout, this beautifully upgraded townhouse offers a level of character, elegance, and refinement rarely found in comparable homes within the complex. Unlike conventional layouts, the two-bedroom-plus-den configuration has been thoughtfully reimagined to create two exceptionally spacious bedrooms, prioritizing comfort, functionality, and modern living. By incorporating the den into the primary suite, the home offers an expansive retreat with ample room for an optional home office, nursery, reading nook, or sitting area, providing a private and versatile space rather than an open-concept den. The generously sized second bedroom further enhances the home's flexibility for families, guests, or professionals. At the heart of the home is a true open-concept kitchen and dining area, enhanced by the absence of a support column found in many comparable layouts, creating seamless sightlines, improved flow, and a brighter, more spacious atmosphere. The spa-inspired 5-piece bathroom features a double-sink vanity, offering exceptional comfort and convenience. Filled with natural light and meticulously maintained, this move-in-ready home includes parking and locker. Ideally located in the vibrant Junction Triangle, just minutes from the UP Express, TTC, High Park, cafés, breweries, acclaimed restaurants, and boutique shopping, this is a rare opportunity to own one of the community's most distinctive and beautifully upgraded residences.
MississaugaInvestor.ca
148- 10 Merchant Lane
Condo Townhouse · 2bd/2ba · ~1,100 sqft
$649,000
Cash-Flow Report · August 1, 2026
Cap Rate
1.01%
Monthly Cash Flow
-$2,440/mo
Estimated Rent
$2,100/mo
Cash-on-Cash
-20.58%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,100 |
| Mortgage | −$2,987 |
| Property Tax | −$514 |
| Insurance | −$225 |
| Condo Fee | −$709 |
| Vacancy (5%) | −$105 |
| Cash Flow | -$2,440/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$25,200 |
| Vacancy (5%) | −$1,260 |
| Property Tax | −$6,166 |
| Insurance | −$2,700 |
| Condo Fee | −$8,508 |
| Annual NOI | $6,566 |
| Cap Rate | 1.01% |
Cash Required to Close
| Down Payment (20%) | $129,800 |
| Ontario Land Transfer Tax | $9,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $142,255 |
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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