2606- 15 Viking Lane, Toronto W08
Toronto W08
$529,000
Cash flow, cap rate & mortgage breakdown
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Listed by ONE PERCENT REALTY LTD.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
1
Days on Market
50
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
One Bedroom + Den Unit on 26th Floor. Welcome to Parc Nuvo by Tridel at 15 Viking Lane, in the Islington-City Centre West community. This high-rise condominium unit, Suite 2606, offers 641 square feet with a practical one-bedroom + den, one-bathroom layout, an open balcony, and ensuite laundry. Built in 2012, the property includes one underground parking space. Building amenities include an indoor pool, fitness center, and theatre room. Located steps from Kipling GO and TTC stations, this area is a Rider's Paradise with a Transit/Walk/Bike Score of 98/87/51.Shoppers Drug Mart, Farm Boy, and Tim Hortons are in the immediate area, with Six Points Park directly across the street.
MississaugaInvestor.ca
2606- 15 Viking Lane
Condo Apartment · 2bd/1ba · ~650 sqft
$529,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.51%
Monthly Cash Flow
-$1,770/mo
Estimated Rent
$1,950/mo
Cash-on-Cash
-18.33%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,950 |
| Mortgage | −$2,435 |
| Property Tax | −$419 |
| Insurance | −$225 |
| Condo Fee | −$543 |
| Vacancy (5%) | −$98 |
| Cash Flow | -$1,770/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$23,400 |
| Vacancy (5%) | −$1,170 |
| Property Tax | −$5,026 |
| Insurance | −$2,700 |
| Condo Fee | −$6,516 |
| Annual NOI | $7,988 |
| Cap Rate | 1.51% |
Cash Required to Close
| Down Payment (20%) | $105,800 |
| Ontario Land Transfer Tax | $7,055 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $115,855 |
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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