101- 1 Michael Power Place, Toronto W08
Toronto W08
$599,900
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX PROFESSIONALS INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
80
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,050/mo
Estimated from market price-to-rent ratios
Remarks
Exceed all of your expectations! This will change how you look at condo life: Suite 101 is on the ground floor, and has lots of outdoor space with walk outs to the terrace from both the primary bedroom and the living room. It's like living in a bungalow but with no outdoor maintenace! The powder room at the entrance keeps your primary bedroom with a walk in closet and ensuite bath private, and the huge plus 1 can be your home office with a murphy bed, or even a dining room with space for a side table and hutch. This bright and beautifully refreshed suite features brand-new flooring, fresh neutral paint, and a massive private terrace that turns warm-weather living into a daily luxury. Parking is included - but if you prefer a car-free lifestyle, you'll love that this suite means never waiting for an elevator. Michael Power Place is a short walk from Islington Subway or the Kipling GO station; with easy access to restaurants and grocery stores in the heart of Etobicoke. Move-in ready. Sun-soaked. Terrace living at its best. Please note that some photos have been virtually staged.
MississaugaInvestor.ca
101- 1 Michael Power Place
Condo Apartment · 2bd/2ba · ~950 sqft
$599,900
Cash-Flow Report · July 31, 2026
Cap Rate
0.73%
Monthly Cash Flow
-$2,396/mo
Estimated Rent
$2,050/mo
Cash-on-Cash
-21.87%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,050 |
| Mortgage | −$2,761 |
| Property Tax | −$475 |
| Insurance | −$225 |
| Condo Fee | −$882 |
| Vacancy (5%) | −$103 |
| Cash Flow | -$2,396/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$24,600 |
| Vacancy (5%) | −$1,230 |
| Property Tax | −$5,699 |
| Insurance | −$2,700 |
| Condo Fee | −$10,584 |
| Annual NOI | $4,387 |
| Cap Rate | 0.73% |
Cash Required to Close
| Down Payment (20%) | $119,980 |
| Ontario Land Transfer Tax | $8,473 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $131,453 |
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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