238 Simcoe Street W 1406, Toronto C01

$498,000
238 Simcoe Street W 1406

$498,000

New
9d
Condo ApartmentApartment

238 Simcoe Street W 1406, Toronto C01

Total Monthly Obligation $2,648

Beds
1
Baths
1
Park
0
Sqft
0-499
DOM
9d
Score
20
Yield
5.3%
Cash on Cash
-3.0%
Cap Rate
3.9%
5Y IRR
13.2%
10Y IRR
12.7%
Property Type-Condo Apartment
MLS® Number-C14031500
Beds-1
Bathrooms-1
Size-0-499 sqft
Listed on site-Oct 14, 2026
Style-Apartment
Building Type-Condo Apartment
Age-0-5
Maintenance-$438.94/mo
Locker-Owned
Parking-Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-ROYAL TEAM REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Concrete
Foundation-Concrete
Possession-TBN
Neighbourhood-Kensington-Chinatown
Title-Residential Condo & Other

No agent assigned

Welcome to this stylish 1-bedroom suite offering 471 sq. ft. of thoughtfully designed living space in one of Toronto's most exciting communities. The open-concept layout features a living/dining area flowing into a modern kitchen. Laminate flooring runs throughout. This unit includes one locker, providing valuable storage. Enjoy exceptional building amenities including a fully equipped fitness, swimming pool, rooftop terrace, and beautifully designed common areas. Steps to TTC, world-class dining, entertainment, universities, shopping, museums, hospitals and cultural attractions - everything downtown living has to offer is right at your doorstep. Experience upscale urban living at Artist Alley - where convenience, comfort, and sophisticated style come together.

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

Closing Costs

Mortgage Amount
$398,400
Land Transfer Taxes$6,435
Legal Fees (Est.)
$
Total cash required for closing$107,535

Total Monthly Obligation

$2,648/mo
Mortgage $2,009
Monthly Loss $2,119
Principal$529
Interest$1,480
Condo Fees$439
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.2%20
Cash-on-Cash
-7.6%1
5-Year IRR
9.7%33
10-Year IRR
10.4%
Returns Index
17.8/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
20/ 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
$26,268/yr
NOI
$15,974/yr
Net Cash Flow
-$678/mo
Cash Margin
-31.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.669
LTV Ratio
80.0%18
Vacancy Buffer
3.6 mo62
Risk Index
29.7/ 100

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

Comparables

Properties near 238 Simcoe Street W 1406

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.