228 St. George Street 5, Toronto C02

$498,000
228 St. George Street 5

$498,000

New
9d
Condo ApartmentApartment

228 St. George Street 5, Toronto C02

Total Monthly Obligation $3,516

Beds
1
Baths
1
Park
0
Sqft
500-599
DOM
9d
Score
16
Yield
6.0%
Cash on Cash
-9.5%
Cap Rate
2.5%
5Y IRR
8.1%
10Y IRR
8.8%
Property Type-Condo Apartment
MLS® Number-C14032806
Beds-1
Bathrooms-1
Size-500-599 sqft
Listed on site-Oct 14, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$2,064.06 (2026)
Maintenance-$1,135.22/mo
Locker-None
Parking-Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-BABIAK TEAM REAL ESTATE BROKERAGE LTD.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick
Possession-30-60 days/TBA
Neighbourhood-Annex
Title-Residential Condo & Other

No agent assigned

A rare opportunity to own a piece of old Toronto in the heart of the Annex. Tucked inside a converted historic mansion, this charming 1-bedroom offers the character of a century home with the convenience of condo living. Original wood detailing, trim, windows, a bay window and soaring 9' ceilings give the space a warmth and personality you simply won't find in a typical condo. The southeast exposure fills the home with natural light throughout the day, while the thoughtfully updated kitchen offers ample cabinetry and full-sized appliances. The bedroom features generous windows and a walk-in closet, with ensuite laundry and a coat closet adding everyday practicality. A brand-new HVAC heat pump has also just been installed. Set on one of the Annex's most sought-after streets, you're approximately 500m from St. George Station and within easy walking distance of U of T, the ROM, Yorkville, Bloor Street, Dupont's restaurants and cafes, shops and countless everyday conveniences. Leave the car behind and enjoy one of Toronto's most connected neighbourhoods. A unique home for someone who values character, location and a sense of history over cookie-cutter condo living. A rare find in a truly unbeatable location.

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Closing Costs

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

Total Monthly Obligation

$3,516/mo
Mortgage $2,009
Monthly Loss $2,987
Principal$529
Interest$1,480
Property Tax$172
Condo Fees$1,135
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
1.8%11
Cash-on-Cash
-14.3%0
5-Year IRR
4.8%10
10-Year IRR
6.9%
Returns Index
6.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 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
$29,844/yr
NOI
$8,773/yr
Net Cash Flow
-$1,278/mo
Cash Margin
-51.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.363
LTV Ratio
80.0%18
Vacancy Buffer
2.7 mo45
Risk Index
22.0/ 100

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

Comparables

Properties near 228 St. George Street 5

Time

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