1604- 1 Market Street, Toronto C08
Toronto C08
$872,000
Cash flow, cap rate & mortgage breakdown
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Listed by RIGHT AT HOME REALTY
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,350/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to Market Wharf in the historic St. Lawrence Market neighbourhood! This bright, well-maintained and move-in-ready 2-bedroom, 2-bathroom corner suite offers 9-ft ceilings and floor-to-ceiling windows. Enjoy an impressive 275 sq.ft. wraparound balcony with unobstructed panoramic views of the city, CN Tower, St. Lawrence Market and beyond. Includes an above-grade parking space upgraded with a bike rack, plus a locker conveniently located on the same level. Ideal for professionals and retirees. Steps to St. Lawrence Market, No Frills, Metro, Loblaws and Farm Boy, with Shoppers Drug Mart directly connected to the building. Trendy restaurants, cafés, shops and everyday services are all within walking distance. Enjoy a short walk to the Distillery District, Financial District and Waterfront Trail. TTC and Union Station are nearby, a future subway station is under development in the area, and the David Crombie Park revitalization will further enhance this vibrant community. The Gardiner Expressway westbound entrance is only one block away. Building amenities include concierge, gym, party room, boardroom, rooftop terrace, BBQ area, guest suites and more.
MississaugaInvestor.ca
1604- 1 Market Street
Condo Apartment · 2bd/2ba · ~750 sqft
$872,000
Cash-Flow Report · August 1, 2026
Cap Rate
0.89%
Monthly Cash Flow
-$3,369/mo
Estimated Rent
$2,350/mo
Cash-on-Cash
-21.13%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,350 |
| Mortgage | −$4,014 |
| Property Tax | −$690 |
| Insurance | −$225 |
| Condo Fee | −$672 |
| Vacancy (5%) | −$118 |
| Cash Flow | -$3,369/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$28,200 |
| Vacancy (5%) | −$1,410 |
| Property Tax | −$8,284 |
| Insurance | −$2,700 |
| Condo Fee | −$8,064 |
| Annual NOI | $7,742 |
| Cap Rate | 0.89% |
Cash Required to Close
| Down Payment (20%) | $174,400 |
| Ontario Land Transfer Tax | $13,915 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $191,315 |
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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