1211- 1185 The Queensway Street, Toronto W08
Toronto W08
$399,900
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX HALLMARK REALTY LTD.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
1
Bathrooms
1
Days on Market
19
Price Drop
10%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$1,500/mo
Estimated from market price-to-rent ratios
Remarks
Modern Penthouse 564 Sq' Sun Filled Unit. Floor To Ceiling Windows Facing East. High Ceilings Create A Spacious Open Feel. Open Concept Layout With Large Kitchen Island. Walk-out Balcony Overlooking Rooftop Terrace. Floor-to-Ceiling Bedroom Window Provides Excellent Natural Light. Great Amenities: Party Room, Gym, Cardio Room, BBQ's On 6th Floor Terrace. Boutique-Style Building With Only 12 Floors. Convenient Location At Islington & The Queesway. Property Being Sold "As Is"
MississaugaInvestor.ca
1211- 1185 The Queensway Street
Condo Apartment · 1bd/1ba · ~550 sqft
$399,900
Cash-Flow Report · July 31, 2026
Cap Rate
0.96%
Monthly Cash Flow
-$1,522/mo
Estimated Rent
$1,500/mo
Cash-on-Cash
-20.88%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,500 |
| Mortgage | −$1,841 |
| Property Tax | −$317 |
| Insurance | −$225 |
| Condo Fee | −$564 |
| Vacancy (5%) | −$75 |
| Cash Flow | -$1,522/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$18,000 |
| Vacancy (5%) | −$900 |
| Property Tax | −$3,799 |
| Insurance | −$2,700 |
| Condo Fee | −$6,768 |
| Annual NOI | $3,833 |
| Cap Rate | 0.96% |
Cash Required to Close
| Down Payment (20%) | $79,980 |
| Ontario Land Transfer Tax | $4,474 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $87,454 |
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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