515- 38 Dan Leckie Way, Toronto C01
Toronto C01
$575,000
Cash flow, cap rate & mortgage breakdown
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Listed by SUTTON GROUP - SUMMIT 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
$2,000/mo
Estimated from market price-to-rent ratios
Remarks
It's rare to find such a well maintained, upgraded One Bedroom Condo Apartment with Owned Parking + Locker that also has an actual separated Den and lower than average condo fees. With over 680 sq ft of living space, this bright + open concept, south-facing unit has been tastefully upgraded and maintained. The Open Concept, designer Italian Kitchen with upgraded quartz counters (2021) + black granite sink (2021) flows seamlessly into the bright Living Room making entertaining a breeze. A private Balcony off the Living Room allows for easy outdoor enjoyment. Building amenities include the eighth floor luxury outdoor terrace with roof top patio, alfresco bar, hot-tub, BBQ pit, fireplace + showers. Additional amenities include a large gym, guest suites, saunas, party room, boardroom + theatre. No Airbnb or short term rentals building. Pets allowed. Engineered hardwood throughout (2021), all-in-one washer-dryer (2022), Bosch dishwasher (2025). Located near Bathurst and Lakeshore, city amenities are easily accessible - Billy Bishop Airport, Groceries across the street, TTC at your doorstep, Entertainment District, Fort York, Financial District, Exhibition Place, BMO Field, Rogers Centre all nearby.
MississaugaInvestor.ca
515- 38 Dan Leckie Way
Condo Apartment · 2bd/1ba · ~650 sqft
$575,000
Cash-Flow Report · August 4, 2026
Cap Rate
1.56%
Monthly Cash Flow
-$1,898/mo
Estimated Rent
$2,000/mo
Cash-on-Cash
-18.08%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,000 |
| Mortgage | −$2,647 |
| Property Tax | −$455 |
| Insurance | −$225 |
| Condo Fee | −$471 |
| Vacancy (5%) | −$100 |
| Cash Flow | -$1,898/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$24,000 |
| Vacancy (5%) | −$1,200 |
| Property Tax | −$5,463 |
| Insurance | −$2,700 |
| Condo Fee | −$5,652 |
| Annual NOI | $8,985 |
| Cap Rate | 1.56% |
Cash Required to Close
| Down Payment (20%) | $115,000 |
| Ontario Land Transfer Tax | $7,975 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $125,975 |
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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