
17 Paton Road, Toronto W02
Toronto W02
$4,500,000
Cash flow, cap rate & mortgage breakdown
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Listed by LPT REALTY
Investment Analysis
Key Facts
Type
Other
Bedrooms
0
Bathrooms
0
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$5,750/mo
Estimated from market price-to-rent ratios
Remarks
Rare opportunity to acquire a circa 1927 brick-and-beam industrial building in downtown Toronto. This 3.5-storey mixed use property features character rich industrial architecture and has historically been occupied as live/work residential units. Flexible mixed use industrial/residential zoning permits a variety of potential uses, including owner-occupancy, creative office, studio, residential conversion, or redevelopment, subject to applicable approvals. 17 Paton Road occupies a prime downtown location and offers significant redevelopment potential. For purchasers seeking a larger development footprint, the adjacent properties at 21 and 23 Paton Road (listed separately on MLS) may be available for assembly. The property currently requires substantial renovations before occupancy or continued use. The building's main entrance is located on the north side facing Paton Road and provides access to the front stairwell serving the northern units on each floor. A secondary entrance at the southwest corner provides access to the rear stairwell serving the southern units. The building contains five units per floor, ranging from studio to two-bedroom layouts, generally configured as residential live-work accommodations with kitchens and three-piece washrooms. Property is being sold on an "as is, where is" basis, with no representations or warranties by the Seller.
MississaugaInvestor.ca
17 Paton Road
Other · 0bd/0ba · ~5,000 sqft
$4,500,000
Cash-Flow Report · August 4, 2026
Cap Rate
-0.55%
Monthly Cash Flow
-$22,789/mo
Estimated Rent
$5,750/mo
Cash-on-Cash
-27.29%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$5,750 |
| Mortgage | −$20,713 |
| Property Tax | −$3,563 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$3,750 |
| Vacancy (5%) | −$288 |
| Cash Flow | -$22,789/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$69,000 |
| Vacancy (5%) | −$3,450 |
| Property Tax | −$42,750 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$45,000 |
| Annual NOI | $-24,900 |
| Cap Rate | -0.55% |
Cash Required to Close
| Down Payment (20%) | $900,000 |
| Ontario Land Transfer Tax | $98,975 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $1,001,975 |
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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