2208- 501 Yonge Street, Toronto C08
Toronto C08
$508,000
Cash flow, cap rate & mortgage breakdown
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Listed by HOMELIFE LANDMARK REALTY INC.
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
Client RemarksWonderful Location at Yonge & Wellesley!Two-Year-New 1 Bed + Den at Teahouse Condos. Den Can Be Used as 2nd Bedroom or Home Office. 9' Ceilings & Laminate Flooring Throughout. Spacious Bedroom with Floor-to-Ceiling Windows. Modern Kitchen with Granite Countertop, Backsplash & S/S Appliances. Marble Vanity in Bath. Unobstructed East Sunrise View.Steps to U of T, TMU, Subway, Shops, Restaurants, Hospitals.Five-Star Amenities: 24/7 Concierge, Gym, Rooftop Pool & Patio, Hot/Cold Plunge Pools, Party Room with Wet Bar, Lounges, Billiards, Boardroom, Theatre & More!
MississaugaInvestor.ca
2208- 501 Yonge Street
Condo Apartment · 2bd/1ba · ~250 sqft
$508,000
Cash-Flow Report · August 1, 2026
Cap Rate
1.94%
Monthly Cash Flow
-$1,515/mo
Estimated Rent
$1,950/mo
Cash-on-Cash
-16.34%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,950 |
| Mortgage | −$2,338 |
| Property Tax | −$402 |
| Insurance | −$225 |
| Condo Fee | −$402 |
| Vacancy (5%) | −$98 |
| Cash Flow | -$1,515/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$23,400 |
| Vacancy (5%) | −$1,170 |
| Property Tax | −$4,826 |
| Insurance | −$2,700 |
| Condo Fee | −$4,824 |
| Annual NOI | $9,880 |
| Cap Rate | 1.94% |
Cash Required to Close
| Down Payment (20%) | $101,600 |
| Ontario Land Transfer Tax | $6,635 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $111,235 |
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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