420 Salem Avenue, Toronto W02
Toronto W02
$1,138,000
Cash flow, cap rate & mortgage breakdown
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Listed by HOMELIFE PRINCIPLE REAL ESTATE
Investment Analysis
Key Facts
Type
Semi-Detached
Bedrooms
3
Bathrooms
2
Days on Market
35
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$3,000/mo
Estimated from market price-to-rent ratios
Remarks
Wow! Look No Further! Renovated From Top To Bottom on Salem North. Too Much To List! This 3 Bedroom , 2 Bath Home With Garage Has It All! Updated Kitchen with Marble Counters & Upgraded Cabinets, Fauxwood Wide Laminate Throughout, Updated Full Bath, Oak Stairs, Private Separate Side Basement Entrance Leading to A Rec Room And More. Enjoy Entertaining With A Walk Out Large Deck and Private Rear Yard. Convenient front entrance mutual driveway leading to the rear. A separate Detached 1 Car Garage, Available Parking and A Private Patio Space at The Rear. CLOSE TO ALL AMENITIES, SUCH AS TRANSIT, SHOPS, RESTAURANTS, WALKING DISTANCE TO GEARY REVILAZATION AREA WHERE TAPAS BAR AND BREWERIES ARE AVAILABLE, THE POSSIBILITY OF BUILDING A GARDEN SUITE FOR ADDITION INCOME MAY BE AQUIRED, VERY TRENDY FOR YOUNG PROFESSIONALS.
MississaugaInvestor.ca
420 Salem Avenue
Semi-Detached · 3bd/2ba · ~1,300 sqft
$1,138,000
Cash-Flow Report · July 31, 2026
Cap Rate
0.82%
Monthly Cash Flow
-$4,462/mo
Estimated Rent
$3,000/mo
Cash-on-Cash
-21.43%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,000 |
| Mortgage | −$5,238 |
| Property Tax | −$901 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$948 |
| Vacancy (5%) | −$150 |
| Cash Flow | -$4,462/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$36,000 |
| Vacancy (5%) | −$1,800 |
| Property Tax | −$10,811 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$11,380 |
| Annual NOI | $9,309 |
| Cap Rate | 0.82% |
Cash Required to Close
| Down Payment (20%) | $227,600 |
| Ontario Land Transfer Tax | $19,235 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $249,835 |
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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