
309- 190 Manitoba Street, Toronto W06
Toronto W06
$585,000
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX WEST REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,050/mo
Estimated from market price-to-rent ratios
Remarks
Discover bright, elevated living in this spacious corner suite with views overlooking a charming parkette. This beautifully maintained 2-bedroom, 2 full bathroom residence features a highly desirable southwest exposure, filling the home with sunshine throughout the day. With windows in every room, you will enjoy an airy, open feel and stunning views from every angle. The thoughtfully designed layout includes two balconies, each with walkouts from both bedrooms as well as the main living area and kitchen, ideal for seamless indoor-outdoor living and relaxing or entertaining. One of the balconies also features a gas BBQ hookup, perfect for easy outdoor cooking and hosting. Inside, the home features elegant hardwood flooring paired with durable tile in key areas. The updated eat-in kitchen offers stone countertops, generous cabinetry, and an extended breakfast bar along the living room side, creating a perfect setting for everyday meals or effortless entertaining while staying connected to the living space. The primary bedroom features a generous walk-in closet and a 4-piece ensuite. The second bedroom is a great size, offering a roomy double closet and ample space for a variety of uses. A standout feature of this building is that each unit is equipped with its own furnace and air conditioner, maintained by the building, giving you the rare ability to control your own temperature year-round. Conveniently located just a 16-minute walk to Mimico GO, this home is close to highways, parks, and schools, with easy access to transit and the waterfront, featuring popular restaurants nearby. The unit includes two tandem underground parking spaces and a locker with built-in shelving for extra storage.
MississaugaInvestor.ca
309- 190 Manitoba Street
Condo Apartment · 2bd/2ba · ~1,100 sqft
$585,000
Cash-Flow Report · July 31, 2026
Cap Rate
-0.01%
Monthly Cash Flow
-$2,699/mo
Estimated Rent
$2,050/mo
Cash-on-Cash
-25.27%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,050 |
| Mortgage | −$2,693 |
| Property Tax | −$463 |
| Insurance | −$225 |
| Condo Fee | −$1,265 |
| Vacancy (5%) | −$103 |
| Cash Flow | -$2,699/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$24,600 |
| Vacancy (5%) | −$1,230 |
| Property Tax | −$5,558 |
| Insurance | −$2,700 |
| Condo Fee | −$15,180 |
| Annual NOI | $-68 |
| Cap Rate | -0.01% |
Cash Required to Close
| Down Payment (20%) | $117,000 |
| Ontario Land Transfer Tax | $8,175 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $128,175 |
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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