3510- 8 The Esplanade N/A, Toronto C08
Toronto C08
$499,990
Cash flow, cap rate & mortgage breakdown
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Listed by EXP REALTY
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
1
Bathrooms
1
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$1,650/mo
Estimated from market price-to-rent ratios
Remarks
Welcome To The Iconic L Tower, Downtown Toronto's Architectural Landmark By Daniel Libeskind! This Bright 1 Bedroom Suite On The 35th Floor Offers An Unobstructed East Exposure With A Clear View Of Lake Ontario And Floor To Ceiling Windows That Fill The Home With Morning Light. Enjoy 9 Ft Ceilings, Hardwood Floors Throughout, Built In Stainless Steel Appliances, Granite Counters With Breakfast Bar, Upgraded Extended Kitchen Cabinets And Backsplash, Ensuite Laundry And A Walk Out To Your Open Balcony. Express High Floor Elevators Take You Home Above The City While First Class Amenities Include 24 Hr Concierge, Indoor Pool, Fully Equipped Gym, Saunas And Party Room. Literally Steps To Union Station, The PATH, St. Lawrence Market, The Financial District, Scotiabank Arena, Meridian Hall And The Waterfront. A Rare Opportunity To Own A True Lake View Suite In One Of Toronto's Most Sought After Buildings. Perfect For Professionals, First Time Buyers And Investors Seeking The Best Location In Downtown Toronto!
MississaugaInvestor.ca
3510- 8 The Esplanade N/A
Condo Apartment · 1bd/1ba · ~550 sqft
$499,990
Cash-Flow Report · August 2, 2026
Cap Rate
1.04%
Monthly Cash Flow
-$1,867/mo
Estimated Rent
$1,650/mo
Cash-on-Cash
-20.47%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,650 |
| Mortgage | −$2,301 |
| Property Tax | −$396 |
| Insurance | −$225 |
| Condo Fee | −$512 |
| Vacancy (5%) | −$83 |
| Cash Flow | -$1,867/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$19,800 |
| Vacancy (5%) | −$990 |
| Property Tax | −$4,750 |
| Insurance | −$2,700 |
| Condo Fee | −$6,144 |
| Annual NOI | $5,216 |
| Cap Rate | 1.04% |
Cash Required to Close
| Down Payment (20%) | $99,998 |
| Ontario Land Transfer Tax | $6,475 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $109,473 |
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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