390 Cherry Street 701, Toronto C08

$618,800
390 Cherry Street 701

$618,800

New
23d
Condo ApartmentApartment

390 Cherry Street 701, Toronto C08

Total Monthly Obligation $3,809

HausQ Valuation Report
Bed+Den
2+1
Baths
1
Park
1
Sqft
600-699
DOM
23d
Score
16
Yield
5.0%
Cash on Cash
-9.5%
Cap Rate
2.6%
5Y IRR
8.2%
10Y IRR
8.8%
Property Type-Condo Apartment
MLS® Number-C13843260
Bed+Den-2+1
Bathrooms-1
Size-600-699 sqft
Listed on site-Sep 30, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$3,253.4 (2026)
Maintenance-$842/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-RIGHT AT HOME REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick, Concrete
Possession-Immed/TBD
Neighbourhood-Waterfront Communities C8
Title-Residential Condo & Other

No agent assigned

Historic streets below, Toronto's skyline ahead - welcome to Suite 701 at The Gooderham, a peaceful retreat in the heart of the Distillery District. This beautifully appointed 1-bedroom + den offers 671 sq. ft. of thoughtfully designed living space, complete with parking and locker. The functional floor plan maximizes the interior space, with a well-proportioned bedroom, spacious bathroom, functional kitchen and a versatile den - perfect for a home office. The unobstructed city skyline is an ever-changing canvas that can be thoughtfully appreciated from every room in the home. The generous balcony extends your living space outdoors, offering the perfect place for a morning coffee, or to unwind as the city lights begin to twinkle. The Gooderham is a reputable, meticulously maintained and quiet building offering luxurious amenities, including an outdoor pool, gym, guest suites, and more. The Distillery District's restaurants, cafés, shops, galleries, fitness options and year-round happenings are just outside your door.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$495,040
Land Transfer Taxes$8,851
Legal Fees (Est.)
$
Total cash required for closing$134,111

Total Monthly Obligation

$3,809/mo
Mortgage $2,496
Monthly Loss $3,152
Principal$657
Interest$1,839
Property Tax$271
Condo Fees$842
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
1.9%11
Cash-on-Cash
-13.6%0
5-Year IRR
5.2%11
10-Year IRR
7.1%
Returns Index
7.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 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
$30,660/yr
NOI
$11,837/yr
Net Cash Flow
-$1,510/mo
Cash Margin
-59.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.403
LTV Ratio
80.0%18
Vacancy Buffer
2.5 mo41
Risk Index
20.8/ 100

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

Comparables

Properties near 390 Cherry Street 701

Time

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Data last updated within the past 24 hours.