428- 2 Old Mill Drive, Toronto W01
Toronto W01
$699,000
Cash flow, cap rate & mortgage breakdown
Enter your email to unlock them right here.
Free forever. No credit card. Unsubscribe anytime.
Listed by HOMELIFE/MIRACLE REALTY LTD
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
1
Days on Market
2
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,150/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to this exceptional, oversized 1-bedroom plus den suite, masterfully designed to offer superior square footage, flow, and functional living compared to standard layouts. The open-concept interior transitions effortlessly toward a tranquil, north-facing view overlooking a charming, tree-lined residential neighborhood. Situated in a highly coveted enclave, you are just steps from the subway and the vibrant boutique shops, cafes, and dining of Bloor West Village. This luxury building offers an elevated lifestyle with hotel-inspired amenities, including a 24-hour concierge, indoor pool, steam room, private dining room, theater, party room, and a stunning rooftop terrace. RARE BONUS: Includes TWO dedicated parking spaces! A total rarity for a 1+den-use both, or keep one and rent the second for extra income to help cover monthly fees. Unmatched versatility and long-term resale value! An incredible opportunity to invest in a refined urban sanctuary in one of the city's premier neighborhoods.
MississaugaInvestor.ca
428- 2 Old Mill Drive
Condo Apartment · 2bd/1ba · ~650 sqft
$699,000
Cash-Flow Report · July 31, 2026
Cap Rate
0.71%
Monthly Cash Flow
-$2,805/mo
Estimated Rent
$2,150/mo
Cash-on-Cash
-21.96%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,150 |
| Mortgage | −$3,217 |
| Property Tax | −$553 |
| Insurance | −$225 |
| Condo Fee | −$852 |
| Vacancy (5%) | −$108 |
| Cash Flow | -$2,805/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$25,800 |
| Vacancy (5%) | −$1,290 |
| Property Tax | −$6,641 |
| Insurance | −$2,700 |
| Condo Fee | −$10,224 |
| Annual NOI | $4,945 |
| Cap Rate | 0.71% |
Cash Required to Close
| Down Payment (20%) | $139,800 |
| Ontario Land Transfer Tax | $10,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $153,255 |
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
Get the Full Cash-Flow Report
A one-page PDF: cap rate, cash flow, mortgage breakdown, NOI and total cash to close — all assumptions in one printable summary.
Also unlocks cap rate, sold comps & mortgage detail.