319- 942 Yonge Street, Toronto C02
Toronto C02
$574,900
Cash flow, cap rate & mortgage breakdown
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Listed by ROYAL LEPAGE TERREQUITY 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
$1,700/mo
Estimated from market price-to-rent ratios
Remarks
Bright, spacious & recently updated one bedroom at The Memphis! This south-facing suite at 942Yonge Street offers the perfect combination of style, space and convenience in an exceptionally well-maintained building. Featuring luxury vinyl flooring throughout, a bright open-concept living & dining area, and a renovated kitchen with stainless steel appliances,granite countertops, ceramic backsplash, ceramic flooring & breakfast bar. The generous bedroom boasts a walk-in closet with a custom closet system, providing excellent storage with updated washer & dryer! Unit is spacious at 648 Square feet and includes underground parking &locker. Condo fees cover heating, central air conditioning, electricity and water. Enjoy an impressive array of building amenities including 24-hour concierge, gym, games room, outdoor terrace and visitor parking. Unbeatable Yonge Street location close to Yonge/Bloor subway station, Yorkville, restaurants, cafés, entertainment, groceries and all the best that Toronto has to offer. Move-in ready and an exceptional opportunity for first-time buyers,professionals or investors! Walk score of 100 out of 100!
MississaugaInvestor.ca
319- 942 Yonge Street
Condo Apartment · 1bd/1ba · ~650 sqft
$574,900
Cash-Flow Report · August 2, 2026
Cap Rate
0.38%
Monthly Cash Flow
-$2,464/mo
Estimated Rent
$1,700/mo
Cash-on-Cash
-23.48%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,700 |
| Mortgage | −$2,646 |
| Property Tax | −$455 |
| Insurance | −$225 |
| Condo Fee | −$753 |
| Vacancy (5%) | −$85 |
| Cash Flow | -$2,464/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$20,400 |
| Vacancy (5%) | −$1,020 |
| Property Tax | −$5,462 |
| Insurance | −$2,700 |
| Condo Fee | −$9,036 |
| Annual NOI | $2,182 |
| Cap Rate | 0.38% |
Cash Required to Close
| Down Payment (20%) | $114,980 |
| Ontario Land Transfer Tax | $7,973 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $125,953 |
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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