2604- 1 Palace Pier Court, Toronto W06
Toronto W06
$619,000
Cash flow, cap rate & mortgage breakdown
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Listed by APPLAUD REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
1
Bathrooms
1
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$1,750/mo
Estimated from market price-to-rent ratios
Remarks
A stunning condominium residence, approximately 790 square feet of living space with Panoramic view of Lake Ontario. Palace Place is one of Toronto's most luxurious waterfront condominium residence. Palace Place offers shuttle service to Downtown Toronto & valet parking. The condo offers top of the line concierge service.
MississaugaInvestor.ca
2604- 1 Palace Pier Court
Condo Apartment · 1bd/1ba · ~750 sqft
$619,000
Cash-Flow Report · August 2, 2026
Cap Rate
-0.11%
Monthly Cash Flow
-$2,906/mo
Estimated Rent
$1,750/mo
Cash-on-Cash
-25.71%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,750 |
| Mortgage | −$2,849 |
| Property Tax | −$490 |
| Insurance | −$225 |
| Condo Fee | −$1,004 |
| Vacancy (5%) | −$88 |
| Cash Flow | -$2,906/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$21,000 |
| Vacancy (5%) | −$1,050 |
| Property Tax | −$5,881 |
| Insurance | −$2,700 |
| Condo Fee | −$12,048 |
| Annual NOI | $-679 |
| Cap Rate | -0.11% |
Cash Required to Close
| Down Payment (20%) | $123,800 |
| Ontario Land Transfer Tax | $8,855 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $135,655 |
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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