1508- 5 Massey Square, Toronto E03
Toronto E03
$425,000
Cash flow, cap rate & mortgage breakdown
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Listed by RIGHT AT HOME REALTY
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
3
Bathrooms
1
Days on Market
31
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,200/mo
Estimated from market price-to-rent ratios
Remarks
Experience spacious and bright living in this 2-bedroom condo, which features a covered balcony offering stunning views of the golf course. This unit includes brand-new flooring, a modern kitchen, and a renovated bathroom with a new vanity and tiles. The enclosed balcony, valued at $25,000, adds to the property's appeal. Conveniently located just a 5-minute walk from Victoria Park Station and the Danforth shops, this property also offers 24/7 security, underground rental parking, and visitor parking. Enjoy a quick 20-minute commute to downtown. Please note that the pictures are virtually staged. With low maintenance costs, all utilities and cable are included in the maintenance fees.
MississaugaInvestor.ca
1508- 5 Massey Square
Condo Apartment · 3bd/1ba · ~950 sqft
$425,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.95%
Monthly Cash Flow
-$1,267/mo
Estimated Rent
$2,200/mo
Cash-on-Cash
-16.35%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,200 |
| Mortgage | −$1,956 |
| Property Tax | −$337 |
| Insurance | −$225 |
| Condo Fee | −$839 |
| Vacancy (5%) | −$110 |
| Cash Flow | -$1,267/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$26,400 |
| Vacancy (5%) | −$1,320 |
| Property Tax | −$4,038 |
| Insurance | −$2,700 |
| Condo Fee | −$10,068 |
| Annual NOI | $8,274 |
| Cap Rate | 1.95% |
Cash Required to Close
| Down Payment (20%) | $85,000 |
| Ontario Land Transfer Tax | $4,975 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $92,975 |
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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