
402 Rhodes Avenue, Toronto E01
Toronto E01
$1,199,900
Cash flow, cap rate & mortgage breakdown
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Listed by CORCORAN HORIZON REALTY
Investment Analysis
Key Facts
Type
Semi-Detached
Bedrooms
3
Bathrooms
1
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$3,100/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to 402 Rhodes Avenue-a truly exceptional family home, cherished by the same family since 1920 and meticulously maintained and thoughtfully renovated to an outstanding standard. Every improvement has been completed with quality in mind, featuring premium finishes, high-end appliances, and craftsmanship that make this one of the most turn-key homes you'll find in the neighbourhood. The heart of the home is the stunning gourmet kitchen, appointed with premium Fisher & Paykel appliances, abundant custom storage, and a walkout to a beautifully landscaped backyard featuring a spacious deck and mature perennial gardens that provide colour and privacy throughout the seasons. Major upgrades offer complete peace of mind, including a newer roof, a brand-new Lennox heat pump and furnace, full insulation (including the basement), and entirely updated plumbing and electrical systems with no knob-and-tube wiring. The high, dry, unspoiled basement is ready for your personal vision, whether additional living space, a recreation room, or a home office. An exceptional pre-list home inspection further showcases the outstanding condition of this remarkable property. Nestled on a quiet, family-friendly dead-end street, children can safely play alongside many other young families in this welcoming community. You're just a 4-minute walk to excellent elementary schools, including French Immersion, with highly regarded secondary schools nearby. Enjoy an unbeatable lifestyle where everything is within walking distance. Stroll to The Danforth, Queen Street East, Little India, grocery stores, cafés, restaurants, parks, and everyday amenities. TTC bus and 24-hour streetcar service are just 2 minutes away, with the subway only a short bus ride, making downtown easily accessible without needing a car. Spend weekends at Woodbine Beach and the Waterfront Trail, or enjoy Monarch Park's pool, skating rink, sports facilities, and off-leash dog park-all just minutes from home.
MississaugaInvestor.ca
402 Rhodes Avenue
Semi-Detached · 3bd/1ba · ~900 sqft
$1,199,900
Cash-Flow Report · July 31, 2026
Cap Rate
0.77%
Monthly Cash Flow
-$4,753/mo
Estimated Rent
$3,100/mo
Cash-on-Cash
-21.65%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,100 |
| Mortgage | −$5,523 |
| Property Tax | −$950 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$1,000 |
| Vacancy (5%) | −$155 |
| Cash Flow | -$4,753/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$37,200 |
| Vacancy (5%) | −$1,860 |
| Property Tax | −$11,399 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$11,999 |
| Annual NOI | $9,242 |
| Cap Rate | 0.77% |
Cash Required to Close
| Down Payment (20%) | $239,980 |
| Ontario Land Transfer Tax | $20,473 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $263,453 |
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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