
56 Mortimer Avenue, Toronto E03
Toronto E03
$999,800
Cash flow, cap rate & mortgage breakdown
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Listed by HOMELIFE TOP STAR REALTY INC.
Investment Analysis
Key Facts
Type
Semi-Detached
Bedrooms
4
Bathrooms
3
Days on Market
35
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Legal Suite (+$1,400/mo)
Rent Estimate
Estimated from market price-to-rent ratios
Remarks
Stunning Fully Renovated Semi-Detached Home in Prime East York!!LEGAL BASEMENT APARTMENT !! Welcome to this beautifully Reimagined Home in the heart of East York Broad view and Pape Area. Completely gutted and Rebuilt with exceptional attention to Detail and Quality Craftsmanship throughout. This executive Home offers modern living at its finest with Premium Finishes from top to bottom. Over Cad $250k spent in ultimate upgrading and rebuilding. The main and upper levels feature a bright, open-concept layout with brand-new Engineered wood flooring, upgraded insulation, and newer walls. The Designer Kitchen is a true Show stopper, complete with custom cabinetry, sleek built-in appliances, Gas Cook-Top, and a large Central Island-perfect for entertaining and everyday living. Enjoy the Elegant Living space highlighted by a Stylish Electric Fireplace and a Custom Feature wall, creating a warm and inviting atmosphere. Upstairs, you'll find generously sized bedrooms with thoughtfully designed Custom Closet Organizers, offering both comfort and functionality. The Fully Finished basement includes a Legal Apartment, ideal for rental income or extended family living, featuring its own modern finishes and private space. Additional upgrades include New Electrical and Mechanical systems, Built-in Furnace, and brand-new appliances throughout-offering peace of mind and true move-in readiness. Located in a desirable, family-friendly neighborhood close to parks, schools, transit, and all amenities. "This home is a rare opportunity for the discerning homeowner seeking refined living, exceptional space, and elevated finishes."
MississaugaInvestor.ca
56 Mortimer Avenue
Semi-Detached · 4bd/3ba · ~1,750 sqft
$999,800
Cash-Flow Report · July 31, 2026
Cap Rate
2.74%
Monthly Cash Flow
-$2,320/mo
Estimated Rent
$4,350/mo
Cash-on-Cash
-12.69%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$4,350 |
| Mortgage | −$4,602 |
| Property Tax | −$792 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$833 |
| Vacancy (5%) | −$218 |
| Cash Flow | -$2,320/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$52,200 |
| Vacancy (5%) | −$2,610 |
| Property Tax | −$9,498 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$9,998 |
| Annual NOI | $27,394 |
| Cap Rate | 2.74% |
Cash Required to Close
| Down Payment (20%) | $199,960 |
| Ontario Land Transfer Tax | $16,471 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $219,431 |
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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