
407- 12 York Street, Toronto C01
Toronto C01
$619,900
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX REALTY SERVICES INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
3
Bathrooms
2
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,400/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to Suite 407 at Ice Condos 1 located in Toronto's vibrant waterfront communities! An impressive unit offering 751 sq ft, with wrap-around floor-to-ceiling windows and 9-ft ceilings offering a stunning view and bright natural light. A large, welcoming foyer greets you at the entry. Two bedrooms in a split layout for maximum privacy, plus a separate study and 1.5 baths. The primary bedroom comes with a semi-ensuite bathroom, a mirrored closet, and its own walkout to a large balcony. The second bedroom is genuinely spacious, with large windows and a mirrored closet of its own. The study offers a dedicated space to work from home, and ensuite laundry adds everyday convenience. The heart of the suite is an open-concept living, dining and kitchen designed for hosting: hardwood floors, high-end built-in appliances, and a Juliette balcony. Underground parking and a locker are both included, and the maintenance fee is $732.55. The building delivers on lifestyle: security/concierge, gym, sauna, indoor pool, hot tub, and a party/media room. Then there's the convenience of the address - from your front door, Union Station, the PATH, Scotiabank Arena, Rogers Centre, the CN Tower, Harbourfront, and the Financial and Entertainment Districts are all a short walk. TTC, restaurants and groceries are minutes away, and the Gardiner is right there when the weekend calls. For an end-user who wants space to actually live in, or an investor who wants a unit that leases itself, this is a rare configuration in one of Toronto's most connected buildings. Book your showing.
MississaugaInvestor.ca
407- 12 York Street
Condo Apartment · 3bd/2ba · ~750 sqft
$619,900
Cash-Flow Report · August 1, 2026
Cap Rate
1.61%
Monthly Cash Flow
-$2,022/mo
Estimated Rent
$2,400/mo
Cash-on-Cash
-17.86%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,400 |
| Mortgage | −$2,853 |
| Property Tax | −$491 |
| Insurance | −$225 |
| Condo Fee | −$733 |
| Vacancy (5%) | −$120 |
| Cash Flow | -$2,022/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$28,800 |
| Vacancy (5%) | −$1,440 |
| Property Tax | −$5,889 |
| Insurance | −$2,700 |
| Condo Fee | −$8,796 |
| Annual NOI | $9,975 |
| Cap Rate | 1.61% |
Cash Required to Close
| Down Payment (20%) | $123,980 |
| Ontario Land Transfer Tax | $8,873 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $135,853 |
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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