503- 246 Logan Avenue, Toronto E01
Toronto E01
$599,800
Cash flow, cap rate & mortgage breakdown
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Listed by REMAX YOUR COMMUNITY REALTY
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
1
Bathrooms
1
Days on Market
3
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$1,750/mo
Estimated from market price-to-rent ratios
Remarks
The view when you walk in is OUTSTANDING with wall to wall floor to ceiling windows framing Toronto's vibrant green canopy of trees, O/L a quiet residential street. Welcome to this upgraded 1-bed soft loft, offering the perfect blend of style, function, and exceptional value in one of Toronto's most sought-after 'hoods. Customized from preconstruction with thousands invested in premium upgrades, this move-in ready suite features an expanded U-shaped kitchen with Corian countertops, glass tile backsplash, full-height cabinetry, a gas stove, full-sized appliances + great storage. Complete with U/G parking + oversized locker, this home is thoughtfully designed for comfortable everyday living. Inside, you'll find 9-foot smooth ceilings, fully drywalled interiors, upgraded lighting and fixtures + south-facing windows with roller shades that flood the space with natural light. The extra-wide open-concept layout easily accommodates both living and dining areas, while the spacious bedroom offers a custom closet and highly functional design. The bathroom features a soaker tub with a sleek glass shower partition, combining style and practicality. Step onto your private south-facing balcony overlooking a tranquil green roof, providing a quiet, leafy retreat with added privacy, while the unit's location on the quiet side of the building enhances everyday comfort. This boutique, professionally managed low-rise building is maintained by Icon Property + features an on-site superintendent, nightly security, a party room with terrace + conference space. Perfectly situated in the heart of Leslieville, you're just steps from vibrant cafés, acclaimed restaurants, parks, artisanal shops +TTC access, offering the ideal balance of neighbourhood charm and urban convenience. With very reasonable maintenance fees and property taxes, this turnkey loft represents an outstanding opportunity for first-time buyers, professionals, or investors seeking long-term value in an exceptional location.
MississaugaInvestor.ca
503- 246 Logan Avenue
Condo Apartment · 1bd/1ba · ~550 sqft
$599,800
Cash-Flow Report · July 31, 2026
Cap Rate
0.94%
Monthly Cash Flow
-$2,292/mo
Estimated Rent
$1,750/mo
Cash-on-Cash
-20.93%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,750 |
| Mortgage | −$2,761 |
| Property Tax | −$475 |
| Insurance | −$225 |
| Condo Fee | −$493 |
| Vacancy (5%) | −$88 |
| Cash Flow | -$2,292/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$21,000 |
| Vacancy (5%) | −$1,050 |
| Property Tax | −$5,698 |
| Insurance | −$2,700 |
| Condo Fee | −$5,916 |
| Annual NOI | $5,636 |
| Cap Rate | 0.94% |
Cash Required to Close
| Down Payment (20%) | $119,960 |
| Ontario Land Transfer Tax | $8,471 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $131,431 |
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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