Ph12- 2460 Eglinton Avenue, Toronto E08
Toronto E08
$599,900
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX PRIME PROPERTIES - UNIQUE GROUP
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
3
Bathrooms
2
Days on Market
16
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,350/mo
Estimated from market price-to-rent ratios
Remarks
This immaculate, turn-key 2+1 bedroom, 2-bathroom penthouse residence offers exceptional value and breathtaking east-facing views. Bright and sun-filled suite features a fully renovated kitchen complete with custom extra cabinetry, a pass-through ensuite laundry, beautifully upgraded bathrooms, and sleek laminate flooring throughout. 1 owned parking space and storage locker. A commuter's absolute dream, this established building is steps to the Kennedy GO Station and TTC, allowing you to get downtown or across the city effortlessly. The complex offers incredible family convenience with Rainbow Village Daycare and a playground located right on-site. Residents enjoy a great selection of classic building amenities including an indoor pool, gym, squash courts, billiards room, party room and 24-hour gatehouse security. Perfect for first-time buyers, growing families, or investors looking for a spacious, move-in-ready lifestyle.
MississaugaInvestor.ca
Ph12- 2460 Eglinton Avenue
Condo Apartment · 3bd/2ba · ~1,100 sqft
$599,900
Cash-Flow Report · August 3, 2026
Cap Rate
1.85%
Monthly Cash Flow
-$1,838/mo
Estimated Rent
$2,350/mo
Cash-on-Cash
-16.78%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,350 |
| Mortgage | −$2,761 |
| Property Tax | −$475 |
| Insurance | −$225 |
| Condo Fee | −$609 |
| Vacancy (5%) | −$118 |
| Cash Flow | -$1,838/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$28,200 |
| Vacancy (5%) | −$1,410 |
| Property Tax | −$5,699 |
| Insurance | −$2,700 |
| Condo Fee | −$7,308 |
| Annual NOI | $11,083 |
| Cap Rate | 1.85% |
Cash Required to Close
| Down Payment (20%) | $119,980 |
| Ontario Land Transfer Tax | $8,473 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $131,453 |
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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