
815- 360 Ridelle Avenue, Toronto W04
Toronto W04
$389,000
Cash flow, cap rate & mortgage breakdown
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Listed by ELEVATE REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
1
Bathrooms
1
Days on Market
3
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$1,500/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to 360 Ridelle Avenue - a bright, spacious, and vacant 1-bedroom condo offering exceptional value in one of Toronto's most convenient neighbourhoods. Move-in ready and filled with natural light, this inviting suite features a generous open-concept layout and large windows showcasing peaceful views of lush greenery.The functional kitchen offers stainless steel appliances, ample cabinetry, and plenty of counter space, while the oversized living and dining area provides flexibility for entertaining, working from home, or simply relaxing. The spacious bedroom offers excellent closet space and easily accommodates a king-sized bed. Step onto your private balcony to enjoy tranquil treetop views and a quiet escape from the city. Perfectly situated for an effortless urban lifestyle, Eglinton West Subway Station is just a short walk away, making commuting quick and convenient. Grocery stores, cafés, restaurants, parks, pharmacies, and everyday essentials are all within walking distance. With easy access to Allen Road and Highway 401, getting around the city is simple whether you're driving or taking transit. Residents enjoy an excellent selection of amenities, including an indoor pool, fitness centre, sauna, party room, 24-hour concierge, visitor parking, and a rooftop terrace with panoramic city skyline views, offering the perfect place to relax or take in the sunset.Vacant and available for immediate occupancy. Whether you're a first-time buyer, downsizer, or investor, this is a fantastic opportunity to own a well-maintained home in a highly walkable neighbourhood with exceptional transit access, beautiful green views, and outstanding building amenities.
MississaugaInvestor.ca
815- 360 Ridelle Avenue
Condo Apartment · 1bd/1ba · ~750 sqft
$389,000
Cash-Flow Report · July 31, 2026
Cap Rate
0.6%
Monthly Cash Flow
-$1,595/mo
Estimated Rent
$1,500/mo
Cash-on-Cash
-22.49%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,500 |
| Mortgage | −$1,791 |
| Property Tax | −$308 |
| Insurance | −$225 |
| Condo Fee | −$696 |
| Vacancy (5%) | −$75 |
| Cash Flow | -$1,595/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$18,000 |
| Vacancy (5%) | −$900 |
| Property Tax | −$3,696 |
| Insurance | −$2,700 |
| Condo Fee | −$8,352 |
| Annual NOI | $2,352 |
| Cap Rate | 0.6% |
Cash Required to Close
| Down Payment (20%) | $77,800 |
| Ontario Land Transfer Tax | $4,310 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $85,110 |
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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