
507- 50 George Butchart Drive, Toronto W05
Toronto W05
$459,000
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
$1,900/mo
Estimated from market price-to-rent ratios
Remarks
Exceptional value! Rare true 2-bedroom, 2-bathroom corner suite featuring 2 private balconies, underground parking for up to 2 compact cars (condo board approved), a locker, and premium upgrades throughout. The bright open-concept layout offers 9-ft ceilings, floor-to-ceiling windows, upgraded flooring, custom lighting, and insulated wall panels. The modern kitchen features quartz countertops, upgraded cabinetry, stainless steel appliances, under-cabinet lighting. Enjoy two distinct balconies-one overlooking Downsview Park and the pond, and the other showcasing breathtaking Toronto skyline and CN Tower views with spectacular sunrises and sunsets. Maintenance fees include high-speed internet. Enjoy outstanding amenities including a state-of-the-art fitness center with gym, yoga, boxing and spin studio, kids' play area, games room, party room, dining room, outdoor BBQ patio, and study/co-working spaces. A rare opportunity to own a spacious, upgraded corner suite in one of North York's most "connected communities". Ideally located steps to Downsview Park, TTC Subway, York University, Yorkdale Mall, Humber River Hospital, and Highways 401 & 400. This home truly has it All - Location, Space, Lifestyle!
MississaugaInvestor.ca
507- 50 George Butchart Drive
Condo Apartment · 2bd/2ba · ~750 sqft
$459,000
Cash-Flow Report · August 1, 2026
Cap Rate
1.51%
Monthly Cash Flow
-$1,536/mo
Estimated Rent
$1,900/mo
Cash-on-Cash
-18.35%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,900 |
| Mortgage | −$2,113 |
| Property Tax | −$363 |
| Insurance | −$225 |
| Condo Fee | −$640 |
| Vacancy (5%) | −$95 |
| Cash Flow | -$1,536/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$22,800 |
| Vacancy (5%) | −$1,140 |
| Property Tax | −$4,361 |
| Insurance | −$2,700 |
| Condo Fee | −$7,680 |
| Annual NOI | $6,919 |
| Cap Rate | 1.51% |
Cash Required to Close
| Down Payment (20%) | $91,800 |
| Ontario Land Transfer Tax | $5,655 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $100,455 |
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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