504- 921 Midland Avenue, Toronto E08
Toronto E08
$389,235
Cash flow, cap rate & mortgage breakdown
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Listed by CENTRAL HOME REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
1
Days on Market
37
Price Drop
9%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$1,850/mo
Estimated from market price-to-rent ratios
Remarks
Spacious and nicely renovated 2 bedroom Condo in super high demand location. The building is located just minutes away from the Kennedy subway and just steps away from the upcoming Eglinton crosstown LRT. The Midland Ave bus stop is right at the front door of the building and shopping is very convenient as supermarkets and shopping malls abound in the area. Schools and places of worship of all denominations are all within easy walking distance. One would be hard pressed to find a more convenient location, being literally minutes from downtown Toronto, easy drive or subway trip, 10 - 15 minutes to either the 401 or DVP highways.
MississaugaInvestor.ca
504- 921 Midland Avenue
Condo Apartment · 2bd/1ba · ~850 sqft
$389,235
Cash-Flow Report · July 31, 2026
Cap Rate
1.45%
Monthly Cash Flow
-$1,323/mo
Estimated Rent
$1,850/mo
Cash-on-Cash
-18.64%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,850 |
| Mortgage | −$1,792 |
| Property Tax | −$308 |
| Insurance | −$225 |
| Condo Fee | −$755 |
| Vacancy (5%) | −$93 |
| Cash Flow | -$1,323/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$22,200 |
| Vacancy (5%) | −$1,110 |
| Property Tax | −$3,698 |
| Insurance | −$2,700 |
| Condo Fee | −$9,060 |
| Annual NOI | $5,632 |
| Cap Rate | 1.45% |
Cash Required to Close
| Down Payment (20%) | $77,847 |
| Ontario Land Transfer Tax | $4,314 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $85,161 |
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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