1004- 28 Wellesley Street, Toronto C08
Toronto C08
$499,000
Cash flow, cap rate & mortgage breakdown
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Listed by HOMELIFE LANDMARK RH 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
$1,950/mo
Estimated from market price-to-rent ratios
Remarks
Toronto Downtown Core - Luxury "Vox" Condo at Yonge / Wellesley. 2 Bdrm 2 Bath Corner Unit with South & East Exposure. Approx. 700 S.F + Open Balcony. 9' Ceiling with Floor To Ceiling Windows. Open Concept Layout. Laminate Flooring Throughout. Modern Kitchen with Quartz Countertop, Backsplash & S/S Appliances. Quartz Countertop in Baths. 5 Star Building Amenities: 24 Hrs Concierge, Gym, Roof Top Terrace with BBQ, Party Room, Billiard Rm, Lounge, Meeting/Rec Room & Theatre... Steps To Wellesley Subway/Bus Station. Walking Distance to U of T & TMU, Close to Parks, Shopping, Restaurants & Yorkville, Easy access to Eaton Centre & Financial District.
MississaugaInvestor.ca
1004- 28 Wellesley Street
Condo Apartment · 2bd/2ba · ~650 sqft
$499,000
Cash-Flow Report · August 1, 2026
Cap Rate
1.36%
Monthly Cash Flow
-$1,730/mo
Estimated Rent
$1,950/mo
Cash-on-Cash
-19%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,950 |
| Mortgage | −$2,297 |
| Property Tax | −$395 |
| Insurance | −$225 |
| Condo Fee | −$665 |
| Vacancy (5%) | −$98 |
| Cash Flow | -$1,730/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$23,400 |
| Vacancy (5%) | −$1,170 |
| Property Tax | −$4,741 |
| Insurance | −$2,700 |
| Condo Fee | −$7,980 |
| Annual NOI | $6,809 |
| Cap Rate | 1.36% |
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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