201- 2460 Eglinton Avenue, Toronto E08
Toronto E08
$559,000
Cash flow, cap rate & mortgage breakdown
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Listed by ROYAL LEPAGE CERTIFIED REALTY
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
3
Bathrooms
2
Days on Market
3
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,300/mo
Estimated from market price-to-rent ratios
Remarks
Location! Location! Location! Welcome to Rainbow Village! This spacious 2-bedroom + den/solarium (ideal as a 3rd bedroom or home office) offers 2 full bathrooms and bright West- facing exposure, filling the unit with natural light. Perfectly situated directly across from Kennedy Subway & GO Station, Don Montgomery Community Centre, and the future Eglinton Crosstown LRT, with Lord Roberts Junior Public School just minutes away. An excellent opportunity for first-time home buyers, investors, or growing families. Freshly painted and partially renovated, this unit includes 1 parking space and 1 locker. Enjoy exceptional value with hydro, gas, and water all included in the maintenance fees. Residents enjoy outstanding building amenities, including 24-hour security, an indoor pool, exercise room, party room, and ample visitor parking. Don't miss this incredible opportunity to own a spacious condo in one of Scarborough's most convenient transit-oriented communities!
MississaugaInvestor.ca
201- 2460 Eglinton Avenue
Condo Apartment · 3bd/2ba · ~950 sqft
$559,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.95%
Monthly Cash Flow
-$1,665/mo
Estimated Rent
$2,300/mo
Cash-on-Cash
-16.32%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,300 |
| Mortgage | −$2,573 |
| Property Tax | −$443 |
| Insurance | −$225 |
| Condo Fee | −$609 |
| Vacancy (5%) | −$115 |
| Cash Flow | -$1,665/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$27,600 |
| Vacancy (5%) | −$1,380 |
| Property Tax | −$5,311 |
| Insurance | −$2,700 |
| Condo Fee | −$7,308 |
| Annual NOI | $10,901 |
| Cap Rate | 1.95% |
Cash Required to Close
| Down Payment (20%) | $111,800 |
| Ontario Land Transfer Tax | $7,655 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $122,455 |
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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