625- 1883 Mcnicoll Avenue, Toronto E05
Toronto E05
$419,900
Cash flow, cap rate & mortgage breakdown
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Listed by GOLDENWAY REAL ESTATE LTD.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
1
Days on Market
3
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$1,850/mo
Estimated from market price-to-rent ratios
Remarks
First owner. Bright and spacious 1-bedroom suite featuring a den and a solarium, could easily turn into a 2+1 if needed. Budget-friendly priced with great potential. Facilities include Games Room, Gym, Indoor Pool, Party/Meeting Room, Sauna, Visitor Parking. Exceptional convenience with TTC transit right at your doorstep and close to the Milliken GO Station, providing easy access throughout the city and GTA. Reasonable maintenance with hydro, water, heating, and CAC included.
MississaugaInvestor.ca
625- 1883 Mcnicoll Avenue
Condo Apartment · 2bd/1ba · ~750 sqft
$419,900
Cash-Flow Report · July 31, 2026
Cap Rate
1.89%
Monthly Cash Flow
-$1,273/mo
Estimated Rent
$1,850/mo
Cash-on-Cash
-16.63%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,850 |
| Mortgage | −$1,933 |
| Property Tax | −$332 |
| Insurance | −$225 |
| Condo Fee | −$540 |
| Vacancy (5%) | −$93 |
| Cash Flow | -$1,273/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$22,200 |
| Vacancy (5%) | −$1,110 |
| Property Tax | −$3,989 |
| Insurance | −$2,700 |
| Condo Fee | −$6,480 |
| Annual NOI | $7,921 |
| Cap Rate | 1.89% |
Cash Required to Close
| Down Payment (20%) | $83,980 |
| Ontario Land Transfer Tax | $4,873 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $91,853 |
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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