
706- 190 Manitoba Street, Toronto W06
Toronto W06
$539,900
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX REAL ESTATE CENTRE INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
1
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,000/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to The Legend at Mystic Pointe! This 10-storey mid-rise condo stands out for its generous floor plans and excellent transportation access, situated in Toronto's vibrant Mimico neighbourhood. This beautiful unit features an expansive 1+1 bedroom, 1-bathroom design with 780 square feet of living space. Bright, open-concept living/dining area with a walk-out to your own private balcony with views of the park and lake. Nicely renovated kitchen (2021), featuring stainless steel appliances, quartz counters, undermount sink, tile backsplash, and a convenient breakfast bar overlooking the living/dining area. Updated 4-piece bathroom (2026), offering a fresh and modern aesthetic. The primary bedroom has a large window, his & her closets, and direct access to the bathroom. Spacious den with French doors off the kitchen, ideal for a home office or second (guest) bedroom. Surrounded by green spaces, this unit is perfect for nature and outdoor enthusiasts alike. Walk across the street to the community park with a running track, soccer field, splash pad, and playground. Just a short stroll into the expansive waterfront network of Humber Bay Shores Park to enjoy lakeside biking and walking trails. Effortless commuting whether you drive or take transit. Local bus routes stop just steps away, walk to the Mimico GO Station for an easy ride directly to Union Station. Quick access to the Gardiner, Highway 427, easy commuting into Toronto, or going West to Mississauga, Oakville & Burlington. Residents enjoy 24-hour gated security entrance, exercise room, underground parking, and visitor parking. Everything you need for everyday living is within minutes of your front door, including fantastic dining options, cozy espresso bars, local cafes, and multiple grocery stores. A short drive away from major retail corridors and premium shopping centres. This unit is a must see!
MississaugaInvestor.ca
706- 190 Manitoba Street
Condo Apartment · 2bd/1ba · ~750 sqft
$539,900
Cash-Flow Report · July 31, 2026
Cap Rate
0.83%
Monthly Cash Flow
-$2,109/mo
Estimated Rent
$2,000/mo
Cash-on-Cash
-21.4%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,000 |
| Mortgage | −$2,485 |
| Property Tax | −$427 |
| Insurance | −$225 |
| Condo Fee | −$872 |
| Vacancy (5%) | −$100 |
| Cash Flow | -$2,109/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$24,000 |
| Vacancy (5%) | −$1,200 |
| Property Tax | −$5,129 |
| Insurance | −$2,700 |
| Condo Fee | −$10,464 |
| Annual NOI | $4,507 |
| Cap Rate | 0.83% |
Cash Required to Close
| Down Payment (20%) | $107,980 |
| Ontario Land Transfer Tax | $7,273 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $118,253 |
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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