
1906- 56 Annie Craig Drive, Toronto W06
Toronto W06
$488,000
Cash flow, cap rate & mortgage breakdown
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Listed by PROPERTY.CA INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
1
Bathrooms
1
Days on Market
8
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
The one you've been waiting for at Lago! This modern condo with parking and locker stands out in a sea of ordinary condos, offering the perfect combination of space, functionality and waterfront living. The smart, open-concept layout is filled with natural light and easily accommodates a full living room, dining area and even a dedicated work-from-home space. The spacious bedroom features laminate flooring, a walk-in closet and its own walk-out to the oversized balcony. The rare corner kitchen is complete with quartz countertops and a pantry for extra storage. Step outside to the extra-large balcony and enjoy unobstructed views - the perfect place for your morning coffee or to unwind on warm summer evenings. Residents enjoy an impressive selection of resort-style amenities, including a 24-hour concierge, indoor pool, hot tub, sauna, fully equipped gym, theatre room, party room, billiards lounge and a convenient dog wash station. Located in the heart of Humber Bay Shores, you're just steps to the marina, waterfront trails, parks, restaurants, cafés and everything this vibrant lakeside community has to offer. This is an exceptional opportunity for first-time buyers, professionals, downsizers or investors looking to own in one of Toronto's most sought-after waterfront neighbourhoods.
MississaugaInvestor.ca
1906- 56 Annie Craig Drive
Condo Apartment · 1bd/1ba · ~550 sqft
$488,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.02%
Monthly Cash Flow
-$1,832/mo
Estimated Rent
$1,600/mo
Cash-on-Cash
-20.58%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,600 |
| Mortgage | −$2,246 |
| Property Tax | −$386 |
| Insurance | −$225 |
| Condo Fee | −$495 |
| Vacancy (5%) | −$80 |
| Cash Flow | -$1,832/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$19,200 |
| Vacancy (5%) | −$960 |
| Property Tax | −$4,636 |
| Insurance | −$2,700 |
| Condo Fee | −$5,940 |
| Annual NOI | $4,964 |
| Cap Rate | 1.02% |
Cash Required to Close
| Down Payment (20%) | $97,600 |
| Ontario Land Transfer Tax | $6,235 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $106,835 |
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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