23- 2020 Pharmacy Avenue, Toronto E05
Toronto E05
$700,000
Cash flow, cap rate & mortgage breakdown
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Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Investment Analysis
Key Facts
Type
Condo Townhouse
Bedrooms
3
Bathrooms
2
Days on Market
44
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 this bright, well-maintained, and move-in-ready 3-bedroom townhouse located in the highly desirable L'Amoreaux neighbourhood. Freshly painted and featuring newer engineered hardwood flooring throughout. The home boasts a functional open-concept layout, including a spacious living room with a walk-out to a private balcony, a family-sized kitchen with a breakfast nook overlooking the dining area, and airy, sun-filled rooms thanks to its south-facing exposure. The finished basement features a convenient laundry room and walk-out access to the backyard, providing added functionality and outdoor enjoyment. Situated in a safe, family-oriented complex, this property is steps away from TTC, parks, schools, and just minutes to Hwy 404/401, Fairview Mall, Don Mills Subway, groceries, and dining. Lots of upgrades: Roof 2020, Furnace, Hot Water & A/C 2017, flooring 2021, smooth ceiling 2021. Zoned for top-rated schools, including Fairglen (Gifted Program) and MacDonald (AP Program), this home provides exceptional value in a prime location. Perfect for first-time buyers and growing families, don't miss your chance to own in this sought-after community.
MississaugaInvestor.ca
23- 2020 Pharmacy Avenue
Condo Townhouse · 3bd/2ba · ~1,100 sqft
$700,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.73%
Monthly Cash Flow
-$2,214/mo
Estimated Rent
$2,450/mo
Cash-on-Cash
-17.31%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,450 |
| Mortgage | −$3,222 |
| Property Tax | −$554 |
| Insurance | −$225 |
| Condo Fee | −$540 |
| Vacancy (5%) | −$123 |
| Cash Flow | -$2,214/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$29,400 |
| Vacancy (5%) | −$1,470 |
| Property Tax | −$6,650 |
| Insurance | −$2,700 |
| Condo Fee | −$6,480 |
| Annual NOI | $12,100 |
| Cap Rate | 1.73% |
Cash Required to Close
| Down Payment (20%) | $140,000 |
| Ontario Land Transfer Tax | $10,475 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $153,475 |
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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