608 Richmond Street W PH05, Toronto C01

$1,549,000
608 Richmond Street W PH05

$1,549,000

New
17d
Condo ApartmentLoft

608 Richmond Street W PH05, Toronto C01

Total Monthly Obligation $8,370

Bed+Den
3+1
Baths
2
Park
1
Sqft
1200-1399
DOM
17d
Score
14
Yield
3.6%
Cash on Cash
-12.1%
Cap Rate
2.0%
5Y IRR
6.1%
10Y IRR
7.3%
Property Type-Condo Apartment
MLS® Number-C13866884
Bed+Den-3+1
Bathrooms-2
Size-1200-1399 sqft
Listed on site-Oct 6, 2026
Style-Loft
Building Type-Condo Apartment
Taxes-$7,811.22 (2026)
Maintenance-$1,270.66/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE REAL ESTATE SERVICES HEAPS ESTRIN TEAM
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Exterior-Brick, Metal/Steel Siding
Possession-Flexible
Neighbourhood-Waterfront Communities C1
Title-Residential Condo & Other

No agent assigned

This is what penthouse living in the city should feel like. Perched at the top of The Harlowe in the heart of Queen West, this rare southwest corner penthouse brings serious New York loft vibes to downtown Toronto. Spanning over 1200 sq. ft., this 2+1 bedroom, 2 bathroom suite pairs soaring 11 ft. ceilings, exposed concrete and wide plank hardwood floors with walls of floor to ceiling glass that flood the space with natural light and frame sweeping views of the CN Tower and city skyline. The open concept living and dining space is made for entertaining, with a Caesarstone island at the centre of it all made for everything from morning coffee to dinner parties and drinks with friends. Step outside to a large private balcony with a gas line for BBQs and a front row seat to the city. A separate den creates the perfect home office, while two generously sized bedrooms offer the space and flexibility that can be hard to find downtown, including a primary bedroom spacious enough for a king size bed. Outside your door, The Harlowe's striking red brick, black steel and warehouse inspired architecture sets the tone, with Queen West, King West, the Fashion District and some of the city's best restaurants, bars, coffee shops and shopping just steps away. Cool, connected and completely downtown. This isn't your typical penthouse.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$1,239,200
Land Transfer Taxes$27,455
Legal Fees (Est.)
$
Total cash required for closing$338,755

Total Monthly Obligation

$8,370/mo
Mortgage $6,248
Monthly Loss $6,726
Principal$1,644
Interest$4,604
Property Tax$651
Condo Fees$1,271
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
1.6%10
Cash-on-Cash
-15.1%0
5-Year IRR
3.9%8
10-Year IRR
6.0%
Returns Index
5.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
14/ 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
$55,872/yr
NOI
$24,826/yr
Net Cash Flow
-$4,179/mo
Cash Margin
-89.8%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.332
LTV Ratio
80.0%18
Vacancy Buffer
1.2 mo19
Risk Index
13.1/ 100

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

Comparables

Properties near 608 Richmond Street W PH05

Time

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