
424- 1733 Queen Street, Toronto E02
Toronto E02
$959,000
Cash flow, cap rate & mortgage breakdown
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Listed by KELLER WILLIAMS ADVANTAGE REALTY
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
17
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,400/mo
Estimated from market price-to-rent ratios
Remarks
Imagine starting your morning with a walk along the boardwalk, grabbing coffee on Queen Street, and ending the day watching the sunset over Lake Ontario. Welcome to life in one of Toronto's most sought-after neighbourhoods. This beautifully updated 2-bedroom, 2-bathroom suite offers nearly 1,000 square feet of bright, functional living directly across from Woodbine Park and just steps from the beach, boardwalk, Martin Goodman Trail, and the vibrant shops, cafés, and restaurants that make The Beaches so special. South-facing windows flood the home with natural light, while the private balcony offers the perfect spot to enjoy your morning coffee or unwind after a day by the water. The renovated kitchen features granite countertops, stainless steel appliances, and a breakfast bar that overlooks spacious living and dining areas designed for both everyday living and effortless entertaining. The generous primary retreat includes a walk-in closet and a beautifully renovated ensuite finished with timeless marble. A well-proportioned second bedroom easily adapts to your needs as a guest room, home office, or nursery. Complete with underground parking, a locker, ensuite laundry, and exceptionally low all-inclusive maintenance fees, this is truly turnkey living. The well-managed building boasts one of the strongest reserve funds in the area, offering both peace of mind and long-term value. Whether you're downsizing, investing, or searching for the perfect place to embrace Toronto's coveted lakeside lifestyle, this is an opportunity to experience The Beaches at its very best.
MississaugaInvestor.ca
424- 1733 Queen Street
Condo Apartment · 2bd/2ba · ~950 sqft
$959,000
Cash-Flow Report · July 31, 2026
Cap Rate
0.56%
Monthly Cash Flow
-$3,964/mo
Estimated Rent
$2,400/mo
Cash-on-Cash
-22.6%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,400 |
| Mortgage | −$4,414 |
| Property Tax | −$759 |
| Insurance | −$225 |
| Condo Fee | −$846 |
| Vacancy (5%) | −$120 |
| Cash Flow | -$3,964/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$28,800 |
| Vacancy (5%) | −$1,440 |
| Property Tax | −$9,111 |
| Insurance | −$2,700 |
| Condo Fee | −$10,152 |
| Annual NOI | $5,397 |
| Cap Rate | 0.56% |
Cash Required to Close
| Down Payment (20%) | $191,800 |
| Ontario Land Transfer Tax | $15,655 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $210,455 |
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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