1606- 2460 Eglinton Avenue, Toronto E08
Toronto E08
$628,000
Cash flow, cap rate & mortgage breakdown
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Listed by GOLDEN TEAM REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
4
Bathrooms
2
Days on Market
2
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,700/mo
Estimated from market price-to-rent ratios
Remarks
Stunning 3 Bedroom Apartment. Unobstructed Views To The Northwest,North And Northeast. Modern Kitchen Upgraded With Quartz Counter Top & Porclein Tiles, 3 Great Size Bedrooms With 2 Full Washroom, Steps To Kennedy Subway Station, Go Train Station, Don Montgomery Community Centre And Future Crosstown Lrt. Mins to Schools.
MississaugaInvestor.ca
1606- 2460 Eglinton Avenue
Condo Apartment · 4bd/2ba · ~1,300 sqft
$628,000
Cash-Flow Report · August 1, 2026
Cap Rate
2.01%
Monthly Cash Flow
-$1,837/mo
Estimated Rent
$2,700/mo
Cash-on-Cash
-16.02%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,700 |
| Mortgage | −$2,891 |
| Property Tax | −$497 |
| Insurance | −$225 |
| Condo Fee | −$789 |
| Vacancy (5%) | −$135 |
| Cash Flow | -$1,837/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$32,400 |
| Vacancy (5%) | −$1,620 |
| Property Tax | −$5,966 |
| Insurance | −$2,700 |
| Condo Fee | −$9,468 |
| Annual NOI | $12,646 |
| Cap Rate | 2.01% |
Cash Required to Close
| Down Payment (20%) | $125,600 |
| Ontario Land Transfer Tax | $9,035 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $137,635 |
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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