
3104- 2240 Lake Shore Boulevard, Toronto W06
Toronto W06
$649,000
Cash flow, cap rate & mortgage breakdown
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Listed by RIGHT AT HOME REALTY
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
8
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,100/mo
Estimated from market price-to-rent ratios
Remarks
Wake up to breathtaking panoramic views from the expansive wrap-around balcony, where the Toronto skyline sparkles to the east and the Niagara Escarpment stretches across the western horizon. Overlooking Lake Ontario, you'll enjoy front-row seats to sailboats gliding by and the spectacular Toronto Air Show. In the warmer months, extend your living space by 220 sq feet by opening the balcony doors to seamlessly blend indoor and outdoor living, creating an airy space that feels twice as large.Thoughtfully designed, the split-bedroom layout offers exceptional privacy, with the bedrooms separated by a central hallway. The spacious primary suite features a walk-in closet and a private ensuite, while the open-concept kitchen flows effortlessly into the living and dining areas. A generous island with breakfast bar seating makes the perfect gathering place for entertaining or casual meals. A full-size, newer LG washer and dryer (an uncommon luxury in condominium living) adds everyday convenience. Resort-style amenities elevate your lifestyle with an indoor pool, fitness centre, stylish lounge, party room, and games room. The suite also includes owned parking and a locker, along with ample visitor parking for family and friends. Perfectly positioned just moments from the Gardiner Expressway while steps from the waterfront, this exceptional location offers the best of both convenience and nature. Scenic lakeside trails begin right outside your door, inviting morning jogs, evening strolls, and year-round enjoyment of Toronto's beautiful waterfront.
MississaugaInvestor.ca
3104- 2240 Lake Shore Boulevard
Condo Apartment · 2bd/2ba · ~950 sqft
$649,000
Cash-Flow Report · July 31, 2026
Cap Rate
0.65%
Monthly Cash Flow
-$2,637/mo
Estimated Rent
$2,100/mo
Cash-on-Cash
-22.24%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,100 |
| Mortgage | −$2,987 |
| Property Tax | −$514 |
| Insurance | −$225 |
| Condo Fee | −$906 |
| Vacancy (5%) | −$105 |
| Cash Flow | -$2,637/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$25,200 |
| Vacancy (5%) | −$1,260 |
| Property Tax | −$6,166 |
| Insurance | −$2,700 |
| Condo Fee | −$10,872 |
| Annual NOI | $4,202 |
| Cap Rate | 0.65% |
Cash Required to Close
| Down Payment (20%) | $129,800 |
| Ontario Land Transfer Tax | $9,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $142,255 |
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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