
PH904- 16 McAdam Avenue, Toronto W04
Toronto W04
$1,049,000
Cash flow, cap rate & mortgage breakdown
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Listed by ROYAL LEPAGE SIGNATURE REALTY
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
4
Bathrooms
2
Days on Market
31
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$3,150/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to the penthouse you've been waiting for. Perched atop a boutique building, this stunning 3-Bedroom + Den, 2 Full Bath residence offers 1,623 sq ft of beautifully renovated, sun-drenched living space - all wrapped in a show-stopping wrap-around balcony made for entertaining.Soaring high ceilings and floor-to-ceiling windows flood every room with natural light, while sleek porcelain floors flow seamlessly throughout, adding a refined, contemporary elegance underfoot. Automated blinds offer effortless ambiance control, complementing the upscale finishes at every turn.At the heart of the home sits a chef-inspired kitchen featuring a striking island and premium finishes - perfect for hosting or simply enjoying the finer things. The functional layout maximizes every square foot, with generous storage throughout, ensuite laundry, and two private lockers for ultimate organization and convenience.Park with ease with a rare tandem spot accommodating two vehicles - a true urban luxury that's nearly impossible to find at this level.Step outside and you're directly across from Yorkdale Shopping Centre with effortless access to transit, top-tier dining, and everything the city has to offer. A standout opportunity for investors as well: the current tenant is on a fixed lease through July 2027, paying market rent and has been an excellent, reliable tenant - offering immediate, hassle-free income with no lease-up period, vacancy risk, or rent adjustment needed before the lease term ends. Meticulously upgraded, thoughtfully designed, and priced to sell - this is the rare penthouse that delivers on every front. Space, style, location, and value all under one roof. Opportunities like this don't come twice.Pictures taken prior to existing Tenant moving in. Tenant leaves July 2027. Some pictures have been virtually stagged.
MississaugaInvestor.ca
PH904- 16 McAdam Avenue
Condo Apartment · 4bd/2ba · ~1,700 sqft
$1,049,000
Cash-Flow Report · July 31, 2026
Cap Rate
-0.01%
Monthly Cash Flow
-$4,838/mo
Estimated Rent
$3,150/mo
Cash-on-Cash
-25.21%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,150 |
| Mortgage | −$4,828 |
| Property Tax | −$831 |
| Insurance | −$225 |
| Condo Fee | −$1,946 |
| Vacancy (5%) | −$158 |
| Cash Flow | -$4,838/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$37,800 |
| Vacancy (5%) | −$1,890 |
| Property Tax | −$9,966 |
| Insurance | −$2,700 |
| Condo Fee | −$23,352 |
| Annual NOI | $-108 |
| Cap Rate | -0.01% |
Cash Required to Close
| Down Payment (20%) | $209,800 |
| Ontario Land Transfer Tax | $17,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $230,255 |
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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