Investor · Casa Loma · $799,000
This is the rent comp — not a projection. 2 bed / 2 bath / ~861 sqft hard loft at $799,000, with a parking spot and owned EV charger, and heat, water, and Fibe internet + TV bundled into the fees.
| Purchase price | $799,000 |
| Rent comp (unit 210, same building, Nov 2026 ask) | $3,650/mo |
| Gross annual rent | $43,800 |
| Gross yield | 5.48% |
| Less condo fees ($884) + tax ($3,768) | −$14,376/yr |
| Net operating income (tenant pays hydro) | $29,424/yr · 3.68% net |
Cash flow at 20% down at ~4.49% is about −$1,100/mo — negative, like most of downtown Toronto at today's rates. This is an appreciation + principal-paydown play with a rent-comp-backed floor, not a cash-flow property. Full picture above so you can run your own numbers.
| Owned EV charger in the parking spot | Rents faster to a growing tenant pool; no split infra cost |
| 14-ft ceilings, hard loft elements | Scarce product vs glass-tower condos nearby |
| Internet + TV in fees | One landlord bill fewer; fewer tenant disputes |
| 6-storey, 211-unit concierge building | Stable corporate fund, built 2009 by Burnac |
| Walk score 94 · Dupont subway 7 min | Location supports long-term tenancy demand |
Building was occupied in 2009, so units are rent-controlled: increases follow the provincial guideline. Underwrite accordingly.
Heat, water, AC, Fibe internet + TV, parking (with the owned EV charger), building insurance, common elements. Hydro is metered separately — typically the tenant's.
Unit 210 (2bd/2ba) was listed at $3,650/mo in Nov 2026 — the direct comp used above. Verify current comps with your agent before underwriting.
Or leave your info and we'll set up a showing:
✓ Got it — we'll be in touch about a viewing.