390 Cherry Street 1708, Toronto C08

$620,000
390 Cherry Street 1708

$620,000

New
23d
Condo ApartmentApartment

390 Cherry Street 1708, Toronto C08

Total Monthly Obligation $3,696

Bed+Den
2+1
Baths
1
Park
1
Sqft
600-699
DOM
23d
Score
16
Yield
4.9%
Cash on Cash
-8.4%
Cap Rate
2.8%
5Y IRR
9.0%
10Y IRR
9.4%
Property Type-Condo Apartment
MLS® Number-C13844046
Bed+Den-2+1
Bathrooms-1
Size-600-699 sqft
Listed on site-Sep 30, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$3,291.77 (2026)
Maintenance-$720.63/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-RIGHT AT HOME REALTY
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Concrete
Possession-Flexible
Neighbourhood-Waterfront Communities C8
Title-Residential Condo & Other

No agent assigned

Welcome to Suite 1708 at 390 Cherry St., a spectacular south-facing 1+1 bedroom residence in the heart of Toronto's vibrant Distillery District. One of The Gooderham building's larger 1+1 layouts, this beautifully appointed suite offers a wide, functional floor plan, abundant natural light, and breathtaking views toward Lake Ontario. The newly renovated kitchen is a standout, featuring quartz countertops, stainless steel appliances, ample cabinetry, a large centre island, and a sophisticated two-tone colour scheme. Overlooking the open-concept living and dining areas, it creates an ideal space for both everyday living and entertaining. A custom-built entertainment centre elegantly separates the two spaces, while floor-to-ceiling windows showcase spectacular southern views. Step outside to your spacious balcony and take in the panoramic lake vistas. The generous primary bedroom features a large closet and convenient semi-ensuite access to the modern 4-piece bathroom. Hardwood flooring flows throughout creating a fresh carpet free environment. Includes ensuite stacked laundry, one parking space and one locker. Enjoy an exceptional lifestyle with an impressive collection of amenities, including an outdoor pool, hot tub, sauna, fitness centre, yoga/pilates studio, newly renovated party room, billiards lounge, media lounge, boardroom, guest suites and more. Perfectly positioned in Toronto's iconic Distillery District, you're steps from acclaimed restaurants, boutique shops, galleries, cafés and the renowned annual Christmas Market. Explore nearby Corktown, St. Lawrence Market, the waterfront, Cherry Beach and Lake Ontario, with transit at your doorstep and the future Ontario Line Distillery District Station adding even greater connectivity. Easy access to the Gardiner Expressway and DVP makes commuting throughout the city effortless. A rare opportunity to enjoy sophisticated urban living in one of Toronto's most sought-after neighbourhoods.

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Closing Costs

Mortgage Amount
$496,000
Land Transfer Taxes$8,875
Legal Fees (Est.)
$
Total cash required for closing$134,375

Total Monthly Obligation

$3,696/mo
Mortgage $2,501
Monthly Loss $3,038
Principal$658
Interest$1,843
Property Tax$274
Condo Fees$721
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.1%13
Cash-on-Cash
-12.6%0
5-Year IRR
5.9%14
10-Year IRR
7.6%
Returns Index
8.3/ 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
$13,255/yr
Net Cash Flow
-$1,396/mo
Cash Margin
-54.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.444
LTV Ratio
80.0%18
Vacancy Buffer
2.6 mo42
Risk Index
21.5/ 100

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

Comparables

Properties near 390 Cherry Street 1708

Time

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Data last updated within the past 24 hours.