611- 1050 The Queensway Avenue, Toronto W08
Toronto W08
$598,000
Cash flow, cap rate & mortgage breakdown
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Listed by Royal Lepage Real Estate Associates, Larose Team
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
Welcome to this spacious and move-in ready 2-bedroom, 2-bathroom condominium offering approximately 950 sq. ft. of thoughtfully designed living space. With a functional, well-appointed floor plan, this suite provides generous room sizes that are increasingly difficult to find in today's newer developments.Enjoy peaceful views overlooking mature neighbourhood greenery from your oversized private patio-an ideal space to relax, entertain, or enjoy your morning coffee.Residents enjoy a full range of amenities, including an on-site concierge, fitness centre, sauna, and swim spa, providing comfort, convenience, and peace of mind.Ideally located at Islington Avenue and The Queensway, this home is perfect for commuters with easy access to downtown Toronto, the west end, major highways, and TTC transit. You'll also appreciate the abundance of nearby shopping, grocery stores, restaurants, parks, and everyday conveniences.Whether you're a first-time buyer, downsizer, or investor, this well-maintained condo offers exceptional value with the space, comfort, and location you've been looking for. Enjoy the space of a larger suite without compromising on location-an increasingly rare opportunity in today's condo market.
MississaugaInvestor.ca
611- 1050 The Queensway Avenue
Condo Apartment · 2bd/2ba · ~950 sqft
$598,000
Cash-Flow Report · July 31, 2026
Cap Rate
0.87%
Monthly Cash Flow
-$2,322/mo
Estimated Rent
$2,050/mo
Cash-on-Cash
-21.26%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,050 |
| Mortgage | −$2,753 |
| Property Tax | −$473 |
| Insurance | −$225 |
| Condo Fee | −$818 |
| Vacancy (5%) | −$103 |
| Cash Flow | -$2,322/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$24,600 |
| Vacancy (5%) | −$1,230 |
| Property Tax | −$5,681 |
| Insurance | −$2,700 |
| Condo Fee | −$9,816 |
| Annual NOI | $5,173 |
| Cap Rate | 0.87% |
Cash Required to Close
| Down Payment (20%) | $119,600 |
| Ontario Land Transfer Tax | $8,435 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $131,035 |
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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