715- 11 Michael Power Place, Toronto W08
Toronto W08
$450,000
Cash flow, cap rate & mortgage breakdown
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Listed by FIRST CLASS REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
1
Bathrooms
1
Days on Market
22
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
Location! Location! Location! Spacious, bright, and well-maintained 1-bedroom, 1-bathroom suite in the sought-after Port Royal building at 11 Michael Power Place. This inviting unit features hardwood flooring, an updated bathroom, a functional open-concept layout, and a spacious private balcony. Enjoy exceptional building amenities and an unbeatable location just steps to Islington Subway Station, shopping, restaurants, parks, and major highways. Ideal for first-time buyers, downsizers, or investors. A must see!
MississaugaInvestor.ca
715- 11 Michael Power Place
Condo Apartment · 1bd/1ba · ~650 sqft
$450,000
Cash-Flow Report · August 1, 2026
Cap Rate
0.82%
Monthly Cash Flow
-$1,763/mo
Estimated Rent
$1,600/mo
Cash-on-Cash
-21.48%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,600 |
| Mortgage | −$2,071 |
| Property Tax | −$356 |
| Insurance | −$225 |
| Condo Fee | −$631 |
| Vacancy (5%) | −$80 |
| Cash Flow | -$1,763/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$19,200 |
| Vacancy (5%) | −$960 |
| Property Tax | −$4,275 |
| Insurance | −$2,700 |
| Condo Fee | −$7,572 |
| Annual NOI | $3,693 |
| Cap Rate | 0.82% |
Cash Required to Close
| Down Payment (20%) | $90,000 |
| Ontario Land Transfer Tax | $5,475 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $98,475 |
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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