606- 1 Michael Power Place, Toronto W08
Toronto W08
$495,000
Cash flow, cap rate & mortgage breakdown
Enter your email to unlock them right here.
Free forever. No credit card. Unsubscribe anytime.
Listed by ROYAL LEPAGE WEST REALTY GROUP LTD.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
1
Days on Market
58
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$1,950/mo
Estimated from market price-to-rent ratios
Remarks
Spacious and bright 1 bedroom plus den in the Vivid Condominiums. West facing balcony with unobstructed views. Open concept layout offers 670sq ft of comfortable living space. Granite counters and stainless steel appliances. Located in desirable Islington Village within walking distance to Islington station, Kipling GO, shops and dining. The Gardiner, QEW and Hwy427 are minutes away. The unit includes 1 underground parking space with an adjacent 8'9" x 4'8" private dry-walled storage unit. 24 hour concierge service and impressive top-tier building amenities. The new Etobicoke Civic Centre at Kipling and Bloor will provide residents with a wide range of community focused programs and services.
MississaugaInvestor.ca
606- 1 Michael Power Place
Condo Apartment · 2bd/1ba · ~650 sqft
$495,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.4%
Monthly Cash Flow
-$1,701/mo
Estimated Rent
$1,950/mo
Cash-on-Cash
-18.83%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,950 |
| Mortgage | −$2,278 |
| Property Tax | −$392 |
| Insurance | −$225 |
| Condo Fee | −$658 |
| Vacancy (5%) | −$98 |
| Cash Flow | -$1,701/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$23,400 |
| Vacancy (5%) | −$1,170 |
| Property Tax | −$4,703 |
| Insurance | −$2,700 |
| Condo Fee | −$7,896 |
| Annual NOI | $6,931 |
| Cap Rate | 1.4% |
Cash Required to Close
| Down Payment (20%) | $99,000 |
| Ontario Land Transfer Tax | $6,375 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $108,375 |
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
Get the Full Cash-Flow Report
A one-page PDF: cap rate, cash flow, mortgage breakdown, NOI and total cash to close — all assumptions in one printable summary.
Also unlocks cap rate, sold comps & mortgage detail.