615 Pharmacy Avenue, Toronto E04
Toronto E04
$897,000
Cash flow, cap rate & mortgage breakdown
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Listed by RIGHT AT HOME REALTY
Investment Analysis
Key Facts
Type
Detached
Bedrooms
4
Bathrooms
3
Days on Market
63
Price Drop
22%
Year Built
N/A
Status
Active
Basement Income
Finished Basement
Rent Estimate
$3,200/mo
Estimated from market price-to-rent ratios
Remarks
****Deal Fell Through**** Welcome to 615 Pharmacy Ave! (Pharmacy & St. Clair)A rare opportunity for homeowners and investors alike. Live upstairs and offset your mortgage with rental income from the lower level (SEPERATE ENTRANCE), or maximize cash flow by renting both units. Featuring hardwood floors throughout and situated on a long, deep lot with exciting potential for a future laneway suite or coach house (buyer to verify). Turn one property into three income-generating opportunities: main floor, basement suite, and a potential laneway home. Whether you're looking to build wealth, generate passive income, or secure a versatile property in a growing neighborhood, the possibilities here are endless. One property. Multiple income streams. Unlimited potential. Let's go!
MississaugaInvestor.ca
615 Pharmacy Avenue
Detached · 4bd/3ba · ~1,300 sqft
$897,000
Cash-Flow Report · August 3, 2026
Cap Rate
1.82%
Monthly Cash Flow
-$2,772/mo
Estimated Rent
$3,200/mo
Cash-on-Cash
-16.9%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,200 |
| Mortgage | −$4,129 |
| Property Tax | −$710 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$748 |
| Vacancy (5%) | −$160 |
| Cash Flow | -$2,772/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$38,400 |
| Vacancy (5%) | −$1,920 |
| Property Tax | −$8,522 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$8,970 |
| Annual NOI | $16,288 |
| Cap Rate | 1.82% |
Cash Required to Close
| Down Payment (20%) | $179,400 |
| Ontario Land Transfer Tax | $14,415 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $196,815 |
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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