215 Queen Street W 1616, Toronto C01

$329,000
215 Queen Street W 1616

$329,000

New
25d
Condo ApartmentApartment

215 Queen Street W 1616, Toronto C01

Total Monthly Obligation $1,978

Beds
0
Baths
1
Park
0
Sqft
0-499
DOM
25d
Score
25
Yield
7.0%
Cash on Cash
1.6%
Cap Rate
4.9%
5Y IRR
16.9%
10Y IRR
15.7%
Property Type-Condo Apartment
MLS® Number-C13836430
Beds-0
Bathrooms-1
Size-0-499 sqft
Listed on site-Sep 28, 2026
Style-Apartment
Building Type-Condo Apartment
Age-6-10
Taxes-$1,825 (2025)
Maintenance-$299/mo
Locker-None
Parking-Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-PROPERTY.CA INC.
Cooling-Other
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Concrete
Possession-30 days
Neighbourhood-Waterfront Communities C1
Title-Residential Condo & Other

No agent assigned

Turnkey opportunity in the heart of downtown Toronto! Welcome to 215 Queen St - a smartly designed studio suite in a high-demand location, ideal for both investors and first-time buyers looking to enter the market. This efficient open-concept layout maximizes every inch of space, featuring large windows, modern finishes, and a sleek kitchen with ample storage. Fantastic entry point for buyers seeking a low-maintenance urban lifestyle in a prime location. Unmatched Location & Future Growth Potential * Right Next to Major Subway Station for 2 Subway Lines (Line 1 Osgoode Station & New Ontario Line Station (Major Upside*) High Demand Area with Starbucks in the Building* Steps to Nathan Philip Square, Theatres, Shops, Schools & Top Restaurants, Walk to Union Station in 15 minutes, Up Express to Pearson, CN Tower & Major Sports Stadiums. 24 Hours Concierge, Fitness Centre, Party Room, Bookable Patio with BBQs. This is a location that continues to drive strong demand and long-term value. Whether you're building your portfolio or looking for your first home in the downtown core, this is an opportunity not to be missed.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$263,200
Land Transfer Taxes$3,410
Legal Fees (Est.)
$
Total cash required for closing$70,710

Total Monthly Obligation

$1,978/mo
Mortgage $1,327
Monthly Loss $1,629
Principal$349
Interest$978
Property Tax$152
Condo Fees$299
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.9%26
Cash-on-Cash
-4.4%3
5-Year IRR
12.4%53
10-Year IRR
12.6%
Returns Index
27.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
25/ 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
$22,944/yr
NOI
$12,837/yr
Net Cash Flow
-$257/mo
Cash Margin
-13.5%0
Cash Flow Index
0.3/ 100
Risk Profile
Weight: 20%
DSCR
0.8114
LTV Ratio
80.0%18
Vacancy Buffer
4.8 mo81
Risk Index
37.9/ 100

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

Comparables

Properties near 215 Queen Street W 1616

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

Data is provided courtesy of PropTx.

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Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

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Data last updated within the past 24 hours.