31 Tippett Road 1602, Toronto C06

$549,900
31 Tippett Road 1602

$549,900

New
21d
Condo ApartmentApartment

31 Tippett Road 1602, Toronto C06

Total Monthly Obligation $3,543

HausQ Valuation Report
Bed+Den
3+1
Baths
2
Park
1
Sqft
700-799
DOM
21d
Score
17
Yield
5.7%
Cash on Cash
-7.5%
Cap Rate
3.0%
5Y IRR
9.7%
10Y IRR
10.0%
Property Type-Condo Apartment
MLS® Number-C13855414
Bed+Den-3+1
Bathrooms-2
Size-700-799 sqft
Listed on site-Oct 2, 2026
Style-Apartment
Building Type-Condo Apartment
Age-6-10
Taxes-$3,280 (2025)
Maintenance-$851.37/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-HOMELIFE/ROMANO REALTY LTD.
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick
Possession-Immediate
Neighbourhood-Clanton Park
Title-Residential Condo & Other

No agent assigned

Welcome to Southside at Gramercy Park! This bright, updated 2+1 bedroom, 2-bathroom suite offers sleek contemporary finishes, sun-filled living spaces, and spectacular panoramic city views from your private balcony. The functional open-concept layout features a generous den/study area-perfect for working from home-alongside an upgraded modern kitchen equipped with stainless steel appliances, premium cabinetry, a prep island, and convenient ensuite laundry. The primary bedroom serves as a private retreat complete with floor-to-ceiling windows and a modern 4-piece ensuite bath. Includes 1 dedicated parking space and 1 storage locker.Residents enjoy exceptional hotel-style building amenities: 24-hour concierge, grand lobby lounge, outdoor pool and sun deck, dedicated pet spa, fully equipped gym and yoga studio, kids' playroom, library lounge, guest suites, and underground visitor parking.Prime, highly connected North York location just steps to Wilson Subway Station for a swift 20-minute commute to downtown Toronto. Unbeatable highway access to Hwy 401 and the Allen Expressway (15 minutes to Pearson Airport). Minutes to Costco, big-box retailers, top local cafes, diverse dining, and Rogers Stadium. Turnkey luxury, style, and total convenience in one vibrant address!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$439,920
Land Transfer Taxes$7,473
Legal Fees (Est.)
$
Total cash required for closing$118,953

Total Monthly Obligation

$3,543/mo
Mortgage $2,218
Monthly Loss $2,959
Principal$584
Interest$1,634
Property Tax$273
Condo Fees$851
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.3%13
Cash-on-Cash
-12.0%0
5-Year IRR
6.5%16
10-Year IRR
8.1%
Returns Index
9.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 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
$31,428/yr
NOI
$12,389/yr
Net Cash Flow
-$1,186/mo
Cash Margin
-45.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.474
LTV Ratio
80.0%18
Vacancy Buffer
2.7 mo44
Risk Index
22.3/ 100

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

Comparables

Properties near 31 Tippett Road 1602

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.