2 Sonic Way 1508, Toronto C11

$389,000
2 Sonic Way 1508

$389,000

New
22d
Condo ApartmentApartment

2 Sonic Way 1508, Toronto C11

Total Monthly Obligation $2,330

Beds
1
Baths
1
Park
1
Sqft
0-499
DOM
22d
Score
21
Yield
6.2%
Cash on Cash
-2.3%
Cap Rate
4.1%
5Y IRR
13.7%
10Y IRR
13.1%
Property Type-Condo Apartment
MLS® Number-C13848286
Beds-1
Bathrooms-1
Size-0-499 sqft
Listed on site-Oct 1, 2026
Style-Apartment
Building Type-Condo Apartment
Age-6-10
Taxes-$2,036 (2025)
Maintenance-$391.18/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-CENTURY 21 PERCY FULTON LTD.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Concrete
Possession-30-59 days
Neighbourhood-Flemingdon Park
Title-Residential Condo & Other

No agent assigned

Welcome to this beautiful new one bedroom condo streaming with natural light. Enjoy floor to ceiling windows throughout, and built-in European style appliances in the modern kitchen with your stone countertops. There's ensuite laundry and walkout to your balcony with expansive south views of the city. Comes with parking and locker. Visit this condo and you'll fall in love with the vibe of building, and an atmosphere you'll love coming home to. Kids play outside in the beautiful grounds, while young people and busy downtown professionals go about their day in this very well appointed lobby. Not to mention the 25,000 sq ft of Amenities Including well equipped Gym, yoga room, Steam Room, party rooms, games room, Outdoor Terrance with private Cabanas, outdoor BBQs and dining. The building is steps to the Crosstown LRT, the Superstore, a quiet park, and the highly underrated Flemingdon Park Shopping Centre (Sunny Food Mart, Shoppers Drug Mart, McDonalds, Tim Hortons, Dr Office and walk-in clinic, sushi, pizza - it has everything!). And if you're driving, the DVP is mere minutes away! This is the perfect opportunity to own a condo at an affordable price, where proximity to downtown and transit meets the amenities and the park like setting of a quiet neighbourhood.

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

Closing Costs

Mortgage Amount
$311,200
Land Transfer Taxes$4,310
Legal Fees (Est.)
$
Total cash required for closing$83,610

Total Monthly Obligation

$2,330/mo
Mortgage $1,569
Monthly Loss $1,917
Principal$413
Interest$1,156
Property Tax$170
Condo Fees$391
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.2%20
Cash-on-Cash
-7.7%1
5-Year IRR
9.8%34
10-Year IRR
10.5%
Returns Index
17.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
21/ 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
$23,940/yr
NOI
$12,416/yr
Net Cash Flow
-$534/mo
Cash Margin
-26.8%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.669
LTV Ratio
80.0%18
Vacancy Buffer
4.1 mo71
Risk Index
32.6/ 100

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

Comparables

Properties near 2 Sonic Way 1508

Time

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Data last updated within the past 24 hours.