1203- 234 Albion Road, Toronto W10
Toronto W10
$349,900
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX CROSSROADS REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
3
Bathrooms
2
Days on Market
29
Price Drop
5%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,100/mo
Estimated from market price-to-rent ratios
Remarks
Spacious and well-appointed 3-bedroom, 2-bathroom suite offering approximately 1,136 sq ft in a highly convenient, commuter-friendly location. Situated in the desirable Elms-Old Rexdale community, this unit provides exceptional value with maintenance fees that include all utilities. Enjoy a functional layout ideal for families or downsizers alike, with generous living space and comfortable bedrooms. Residents have access to an excellent range of amenities including a concierge, outdoor pool, fitness centre, sauna, party/meeting room, and playground. Perfectly located just steps to TTC transit and minutes to Highways 401, 427, 409, and 400, as well as Pearson Airport and Humber College. Surrounded by everyday essentials including Albion Mall, schools, parks, golf courses, Humber River trails, recreation centres, and places of worship. A fantastic opportunity to own in a central location that offers convenience, lifestyle, and outstanding overall value. SEE ADDITIONAL REMARKS TO DATA FORM. Some photos are virtually staged.
MississaugaInvestor.ca
1203- 234 Albion Road
Condo Apartment · 3bd/2ba · ~1,100 sqft
$349,900
Cash-Flow Report · July 31, 2026
Cap Rate
1.1%
Monthly Cash Flow
-$1,291/mo
Estimated Rent
$2,100/mo
Cash-on-Cash
-20.2%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,100 |
| Mortgage | −$1,611 |
| Property Tax | −$277 |
| Insurance | −$225 |
| Condo Fee | −$1,173 |
| Vacancy (5%) | −$105 |
| Cash Flow | -$1,291/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$25,200 |
| Vacancy (5%) | −$1,260 |
| Property Tax | −$3,324 |
| Insurance | −$2,700 |
| Condo Fee | −$14,076 |
| Annual NOI | $3,840 |
| Cap Rate | 1.1% |
Cash Required to Close
| Down Payment (20%) | $69,980 |
| Ontario Land Transfer Tax | $3,724 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $76,704 |
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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