
802- 190 Manitoba Street, Toronto W06
Toronto W06
$459,900
Cash flow, cap rate & mortgage breakdown
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Listed by KELLER WILLIAMS PORTFOLIO REALTY
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
1
Bathrooms
1
Days on Market
25
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$1,600/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to this beautifully renovated 1-bedroom, 1-bathroom home in the heart of Mimico - where modern style meets effortless living. Thoughtfully updated, this bright and inviting space features a functional layout with contemporary finishes, making it easy to feel at home from the moment you walk in. Located in a highly sought-after lakeside community, you'll enjoy quick access to transit, waterfront trails, shops, and dining - offering the perfect balance of urban convenience and neighbourhood charm. Spend your evenings hosting on the shared outdoor terrace or exploring all that this vibrant waterfront area has to offer. Enjoy the best of outdoor living with an off-leash dog park just steps away, and a brand-new park directly across the street featuring a splash pad, running track, soccer field, and plenty of green space to relax and unwind. With low monthly utilities (approx. $50 hydro and $30 gas), plus parking and a locker included, this is an exceptional opportunity to live in one of Toronto's most lifestyle-rich communities. Easy access to major highways makes commuting a breeze.
MississaugaInvestor.ca
802- 190 Manitoba Street
Condo Apartment · 1bd/1ba · ~650 sqft
$459,900
Cash-Flow Report · August 1, 2026
Cap Rate
0.41%
Monthly Cash Flow
-$1,958/mo
Estimated Rent
$1,600/mo
Cash-on-Cash
-23.34%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,600 |
| Mortgage | −$2,117 |
| Property Tax | −$364 |
| Insurance | −$225 |
| Condo Fee | −$772 |
| Vacancy (5%) | −$80 |
| Cash Flow | -$1,958/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$19,200 |
| Vacancy (5%) | −$960 |
| Property Tax | −$4,369 |
| Insurance | −$2,700 |
| Condo Fee | −$9,264 |
| Annual NOI | $1,907 |
| Cap Rate | 0.41% |
Cash Required to Close
| Down Payment (20%) | $91,980 |
| Ontario Land Transfer Tax | $5,673 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $100,653 |
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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