238 Simcoe Street 2403, Toronto C01

$465,000
238 Simcoe Street 2403

$465,000

New
25d
Condo ApartmentApartment

238 Simcoe Street 2403, Toronto C01

Total Monthly Obligation $2,536

Beds
1
Baths
1
Park
0
Sqft
500-599
DOM
25d
Score
22
Yield
5.9%
Cash on Cash
-0.8%
Cap Rate
4.4%
5Y IRR
15.0%
10Y IRR
14.1%
Property Type-Condo Apartment
MLS® Number-C13834150
Beds-1
Bathrooms-1
Size-500-599 sqft
Listed on site-Sep 28, 2026
Style-Apartment
Building Type-Condo Apartment
Maintenance-$460.26/mo
Locker-None
Parking-Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-KELLER WILLIAMS REFERRED URBAN REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Concrete
Possession-60-89 days
Neighbourhood-Kensington-Chinatown
Title-Residential Condo & Other

No agent assigned

Welcome To Artists' Alley Condos At 238 Simcoe St, Located In The Heart Of The University District In Downtown Toronto * One-Year-New High-Floor One Bedroom Suite Offering Approx. 538 Sq Ft Of Modern Downtown Living * Enjoy Stunning Unobstructed City Views From The Bedroom, Soaring 9' Ceilings And Floor-To-Ceiling Windows * Bright Open-Concept Combined Living/Dining Layout With A Sleek Modern Kitchen Featuring Premium S/S Built-In Appliances, Contemporary Cabinetry, Stylish Finishes Throughout And A Charming Juliet Balcony * Exceptional Downtown Location At University & Dundas * Steps To St. Patrick Subway Station, OCAD University, University Of Toronto, AGO, Eaton Centre, Queen West, Chinatown, Kensington Market, Hospitals, Restaurants, Cafés And Parks * Easy Access To The Financial District, Entertainment District And Major Downtown Routes * Enjoy Premium Building Amenities Including 24-Hour Concierge, Gym, Swimming Pool, Rooftop Terrace And More, Ensuring Everyday Convenience And Comfort * Close To Excellent Schools * A Perfect Opportunity For End Users, Students, Professionals Or Investors Seeking Luxury Downtown Living * Walk Score: 100, Transit Score: 100, Bike Score: 98 * MUST SEE * Move-In Ready!

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$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$372,000
Land Transfer Taxes$5,775
Legal Fees (Est.)
$
Total cash required for closing$100,275

Total Monthly Obligation

$2,536/mo
Mortgage $1,876
Monthly Loss $2,042
Principal$494
Interest$1,382
Condo Fees$460
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.6%23
Cash-on-Cash
-5.7%2
5-Year IRR
11.2%44
10-Year IRR
11.6%
Returns Index
23.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
22/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$27,504/yr
NOI
$16,830/yr
Net Cash Flow
-$473/mo
Cash Margin
-20.6%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.7512
LTV Ratio
80.0%18
Vacancy Buffer
3.8 mo65
Risk Index
31.7/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 238 Simcoe Street 2403

Time

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Data last updated within the past 24 hours.