209- 2835 Islington Avenue, Toronto W05
Toronto W05
$455,000
Cash flow, cap rate & mortgage breakdown
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Listed by Royal LePage Credit Valley Real Estate Inc., Brokerage
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
25
Price Drop
2%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$1,900/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to Unit 209 at 2835 Islington Ave - a spacious and well-maintained condo offering comfort, convenience, and exceptional value in a prime Toronto location. This bright and functional unit features a generous open-concept layout with large principal rooms, spacious bedrooms, and a private balcony perfect for relaxing after a long day. The thoughtfully designed floor plan provides plenty of living and storage space, making it ideal for first-time buyers, downsizers, families, or investors alike.Located in a well-managed building with excellent amenities including a sauna room, games room, and pool table/recreation area, residents also enjoy underground parking and convenient access to everyday essentials. Situated just minutes from Highways 400, 401, 427 & 407, commuting is a breeze. TTC transit is at your doorstep with the new Finch West LRT nearby, providing quick access across the city.Enjoy being close to Humber College, York University, Etobicoke General Hospital, schools, shopping, parks, walking trails, and Rowntree Mills Park. A fantastic opportunity to own in a central Toronto location with incredible connectivity and lifestyle convenience.
MississaugaInvestor.ca
209- 2835 Islington Avenue
Condo Apartment · 2bd/2ba · ~950 sqft
$455,000
Cash-Flow Report · August 1, 2026
Cap Rate
1.41%
Monthly Cash Flow
-$1,561/mo
Estimated Rent
$1,900/mo
Cash-on-Cash
-18.81%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,900 |
| Mortgage | −$2,094 |
| Property Tax | −$360 |
| Insurance | −$225 |
| Condo Fee | −$687 |
| Vacancy (5%) | −$95 |
| Cash Flow | -$1,561/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$22,800 |
| Vacancy (5%) | −$1,140 |
| Property Tax | −$4,323 |
| Insurance | −$2,700 |
| Condo Fee | −$8,244 |
| Annual NOI | $6,393 |
| Cap Rate | 1.41% |
Cash Required to Close
| Down Payment (20%) | $91,000 |
| Ontario Land Transfer Tax | $5,575 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $99,575 |
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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