1238 Pharmacy Avenue, Toronto E04
Toronto E04
$999,900
Cash flow, cap rate & mortgage breakdown
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Listed by HOMELIFE/MIRACLE REALTY LTD
Investment Analysis
Key Facts
Type
Detached
Bedrooms
6
Bathrooms
3
Days on Market
3
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Suite Potential (+$1,445/mo)
Rent Estimate
Estimated from market price-to-rent ratios · Verify suite legality with the City of Mississauga
Remarks
Welcome to 1238 Pharmacy Avenue, a beautifully maintained detached home in the highly desirable Wexford-Maryvale neighbourhood. Situated on a generous 40 x 135 ft. lot, this freshly painted residence offers the perfect blend of comfort, functionality, and convenience. The main floor features three spacious bedrooms, bright and inviting principal rooms, elegant flooring, and large windows that fill the home with natural light. The upgraded kitchen is designed for both style and practicality, featuring ample cabinetry, stainless steel appliances, quartz countertops, soft-close drawers, and modern pot lights. A detached garage and ample parking provide added convenience for homeowners and guests alike. The fully finished basement offers a separate entrance and includes three bedrooms, two washrooms, a kitchen, and separate laundry facilities, making it an excellent option for extended family living or potential rental income. Ideally located close to Highway 401, Parkway Mall, TTC transit, schools, parks, and a wide range of amenities, this home offers exceptional accessibility and everyday convenience.
MississaugaInvestor.ca
1238 Pharmacy Avenue
Detached · 6bd/3ba · ~900 sqft
$999,900
Cash-Flow Report · July 31, 2026
Cap Rate
3.25%
Monthly Cash Flow
-$1,897/mo
Estimated Rent
$4,795/mo
Cash-on-Cash
-10.37%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$4,795 |
| Mortgage | −$4,602 |
| Property Tax | −$792 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$833 |
| Vacancy (5%) | −$240 |
| Cash Flow | -$1,897/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$57,540 |
| Vacancy (5%) | −$2,877 |
| Property Tax | −$9,499 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$9,999 |
| Annual NOI | $32,465 |
| Cap Rate | 3.25% |
Cash Required to Close
| Down Payment (20%) | $199,980 |
| Ontario Land Transfer Tax | $16,473 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $219,453 |
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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