Using C$681,800 alone makes the return look attractive, while adding every possible allowance risks rejecting the property on guesses. Neither approach feels reliable for this Toronto 1-bed villa, where expected rent is C$3,866 a month and the headline gross yield is about 6.8%.
I have included...
I disagree slightly on leading with the updating costs. A seller may hear that as an invitation to argue over every finish. Submit a clean number first and ask why it has sat for 104 days. Seller motivation may matter more than your explanation.
If inspection later identifies specific defects...