TEK Tower (30 Francis) | 45 fl | U/C

[tomh009]

It is very difficult to be cash flow positive with a condo in the area. 
The exception being if you purchased several years ago (e.g. Charlie West sales in 2017-2018) and are just now beginning to pay your mortgage and collect rent which has significantly increased since the time of purchase.

Very difficult with a new-build condo. More doable with a somewhat older building. Even Garment St has a 700 sqft unit for sale for $420K. Much easier to rent a 700 sqft 1BR unit than a 400 sqft one.

So many people think that buying and renting out a condo is a guaranteed lottery ticket, though.