706- 15 James Finlay Way, Toronto W05
Toronto W05
$399,000
Cash flow, cap rate & mortgage breakdown
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Listed by REMAX YOUR COMMUNITY REALTY
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
4
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$1,850/mo
Estimated from market price-to-rent ratios
Remarks
Wow Only $399k Lowest Price for Total 775 Sq Ft (includes Balcony) 1 Bedroom + Den + Balcony + 2 Bathrooms, Great Parking & Locker Right Across the Hall on the 7th Floor! This Boutique ION Condo Offers Mid-Rise Living In The Heart Of North York! Modern Kitchen , 2 Modern Baths & Large 20ft Balcony with Sunset Views! Has The Best Parking Space on the 4th Floor & Enjoy The Convenience Of Your Storage Locker Being On The Same Floor, Right Across The Hall Steps from your Suite! The ION Condo is Next To Public Transit, HWY 401/400, New Hennick Humber Hospital, Steps to Downsview Park , Yorkdale is Minutes Away, Sheridan Mall Lots of Shopping & More. Building amenities on 6th Floor Include: Party Room, Theatre/Media Room, Guest Suites, Gym, Exercise Room, Garden Terrace with BBQs and Outdoor Patio Furniture, Private Dog Park at Rear of Building , Visitors Parking on the 3rd Floor and 24 hour Concierge/Security. Move in & Enjoy! Move in Anytime! Well Managed Building !
MississaugaInvestor.ca
706- 15 James Finlay Way
Condo Apartment · 2bd/2ba · ~750 sqft
$399,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.63%
Monthly Cash Flow
-$1,297/mo
Estimated Rent
$1,850/mo
Cash-on-Cash
-17.84%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,850 |
| Mortgage | −$1,837 |
| Property Tax | −$316 |
| Insurance | −$225 |
| Condo Fee | −$676 |
| Vacancy (5%) | −$93 |
| Cash Flow | -$1,297/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$22,200 |
| Vacancy (5%) | −$1,110 |
| Property Tax | −$3,791 |
| Insurance | −$2,700 |
| Condo Fee | −$8,112 |
| Annual NOI | $6,487 |
| Cap Rate | 1.63% |
Cash Required to Close
| Down Payment (20%) | $79,800 |
| Ontario Land Transfer Tax | $4,460 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $87,260 |
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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