613- 1350 Ellesmere Road, Toronto E09
Toronto E09
$689,000
Cash flow, cap rate & mortgage breakdown
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Listed by CENTURY 21 LEADING EDGE REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
3
Bathrooms
2
Days on Market
148
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,450/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to Elle Condominiums by iKore Developments, where modern design meets everyday convenience. This bright and spacious 3 bedroom, 2-bathroom suite features floor-to-ceiling windows with stunning city views, a sleek open-concept living and dining area with Laminate floors, and a functional kitchen perfect for both daily living and entertaining. The primary and secondary bedrooms are generously sized, complemented by two full bathrooms for added convenience, Third room is ideal as a home office, study, or cozy retreat. Located in the heart of Scarborough, your steps from Scarborough Town Centre, shops, restaurants, parks, TTC, subway access, and Hwy 401, with excellent schools nearby, Hospital and a welcoming community atmosphere. One parking space & locker. Close to two Subways. Great opportunity for investment property, Very good Tenants, Great rental income.
MississaugaInvestor.ca
613- 1350 Ellesmere Road
Condo Apartment · 3bd/2ba · ~950 sqft
$689,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.55%
Monthly Cash Flow
-$2,280/mo
Estimated Rent
$2,450/mo
Cash-on-Cash
-18.11%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,450 |
| Mortgage | −$3,171 |
| Property Tax | −$546 |
| Insurance | −$225 |
| Condo Fee | −$665 |
| Vacancy (5%) | −$123 |
| Cash Flow | -$2,280/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$29,400 |
| Vacancy (5%) | −$1,470 |
| Property Tax | −$6,546 |
| Insurance | −$2,700 |
| Condo Fee | −$7,980 |
| Annual NOI | $10,704 |
| Cap Rate | 1.55% |
Cash Required to Close
| Down Payment (20%) | $137,800 |
| Ontario Land Transfer Tax | $10,255 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $151,055 |
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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