23 Lorraine Drive 1908, Toronto C07

$698,000
23 Lorraine Drive 1908

$698,000

New
22d
Common Element CondoApartment

23 Lorraine Drive 1908, Toronto C07

Total Monthly Obligation $3,990

Bed+Den
3+1
Baths
2
Park
1
Sqft
900-999
DOM
22d
Score
18
Yield
5.5%
Cash on Cash
-4.7%
Cap Rate
3.6%
5Y IRR
11.9%
10Y IRR
11.7%
Property Type-Common Element Condo
MLS® Number-C13852194
Bed+Den-3+1
Bathrooms-2
Size-900-999 sqft
Listed on site-Oct 1, 2026
Style-Apartment
Building Type-Common Element Condo
Taxes-$2,984.84 (2026)
Maintenance-$725.84/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-HOMELIFE NEW WORLD REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick, Concrete
Possession-Immd
Neighbourhood-Willowdale West
Title-Residential Condo & Other

No agent assigned

Welcome to this bright and spacious 2+1 bedroom suite at Symphony Square! Featuring a well-designed and functional layout with generous living and dining areas, a versatile den ideal for a home office, study or guest space, and abundant natural light throughout. A spacious masteroom and well-separated bedrooms provide comfortable and practical living for families or professionals. Enjoy the benefits of a well established and professionally managed building with an excellent selection of amenities, including 24-hour concierge/security, indoor pool, gym, sauna, party room and visitor parking. The building is well maintained by an experienced management team and has consistently maintained very reasonable low maintenance fees, which include heat, hydro, water, central A/C, building insurance, common elements and parking - offering exceptional value and keeping monthly ownership costs attractive. Ideally located in the heart of Yonge & Finch, just steps to Finch Subway Station, transit, restaurants, shopping, parks and everyday conveniences. A fantastic opportunity to own a bright, spacious and highly functional 2+1 in a well-managed community offering excellent overall value.

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

Closing Costs

Mortgage Amount
$558,400
Land Transfer Taxes$10,435
Legal Fees (Est.)
$
Total cash required for closing$151,535

Total Monthly Obligation

$3,990/mo
Mortgage $2,816
Monthly Loss $3,249
Principal$741
Interest$2,075
Property Tax$249
Condo Fees$726
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.9%18
Cash-on-Cash
-8.9%1
5-Year IRR
8.8%27
10-Year IRR
9.7%
Returns Index
14.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 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
$38,400/yr
NOI
$20,465/yr
Net Cash Flow
-$1,110/mo
Cash Margin
-34.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.617
LTV Ratio
80.0%18
Vacancy Buffer
2.4 mo38
Risk Index
21.2/ 100

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

Comparables

Properties near 23 Lorraine Drive 1908

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.

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Data last updated within the past 24 hours.