
1903- 299 Mill Road, Toronto W08
Toronto W08
$559,900
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX CONDOS PLUS CORPORATION
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
3
Bathrooms
2
Days on Market
31
Price Drop
3%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,300/mo
Estimated from market price-to-rent ratios
Remarks
Highly coveted and rarely available bright high floor corner unit with spectacular East park, treed residential, downtown skyline and lake views. Large primary bedroom with 3 pc ensuite bathroom and functional 2nd bedroom. 4 pc hall bathroom well situated in the living space. Huge Living & Dining room, kitchen with eat in area and amazing family room with window to let in lots of light. Lots of storage space throughout the unit. Huge bright, covered private balcony to enjoy special sunrises, reading or cocktails as evening approaches and the city sparkles. Millgate Manor is a 3 building complex in West Etobicoke located in the residential enclave of Markland Woods. 2 underground parking spaces included. Extremely well managed building with amazing amenities like indoor & outdoor pools, tennis court, squash, basket ball, gym, party room, golf room, playground and beautifully manicured grounds. Maintenance fee includes all utilities and cable. Conveniently located close to parks, shopping, top rated schools, churches, highway and public transit. This is your opportunity to live in a unit with great energy and join a nice community of friendly neighbors who take pride in the place they call home!! Floor plan attached that is the epitome of a great layout that maximizes functionality and visual appeal. 3rd bedroom potential as family room has door, closet and window.
MississaugaInvestor.ca
1903- 299 Mill Road
Condo Apartment · 3bd/2ba · ~1,300 sqft
$559,900
Cash-Flow Report · July 31, 2026
Cap Rate
0.21%
Monthly Cash Flow
-$2,477/mo
Estimated Rent
$2,300/mo
Cash-on-Cash
-24.23%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,300 |
| Mortgage | −$2,577 |
| Property Tax | −$443 |
| Insurance | −$225 |
| Condo Fee | −$1,417 |
| Vacancy (5%) | −$115 |
| Cash Flow | -$2,477/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$27,600 |
| Vacancy (5%) | −$1,380 |
| Property Tax | −$5,319 |
| Insurance | −$2,700 |
| Condo Fee | −$17,004 |
| Annual NOI | $1,197 |
| Cap Rate | 0.21% |
Cash Required to Close
| Down Payment (20%) | $111,980 |
| Ontario Land Transfer Tax | $7,673 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $122,653 |
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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