138 Downes Street 806, Toronto C08

$499,000
138 Downes Street 806

$499,000

New
9d
Condo ApartmentApartment

138 Downes Street 806, Toronto C08

Total Monthly Obligation $3,173

Beds
2
Baths
2
Park
0
Sqft
600-699
DOM
9d
Score
19
Yield
6.5%
Cash on Cash
-3.4%
Cap Rate
3.9%
5Y IRR
12.9%
10Y IRR
12.5%
Property Type-Condo Apartment
MLS® Number-C14033832
Beds-2
Bathrooms-2
Size-600-699 sqft
Listed on site-Oct 14, 2026
Style-Apartment
Building Type-Condo Apartment
Age-New
Taxes-$3,299.44 (2026)
Maintenance-$685.02/mo
Locker-None
Parking-None
Basement-None
Heating-Forced Air (Gas)
Brokerage-BAY STREET GROUP INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Concrete
Possession-Immed.
Neighbourhood-Waterfront Communities C8
Title-Residential Condo & Other

No agent assigned

Welcome To Sugar Wharf By Menkes - A Stunning East-Facing 696 Sq.Ft. 2-Bedroom, 2-Bathroom Waterfront Residence In The Heart Of Toronto's Most Exciting Downtown Community! This Bright And Efficient Suite Features Soaring 9-Ft Ceilings, An Open-Concept Kitchen/Living Layout, Engineered Hardwood Floors, Stone Countertops, Stainless Steel Appliances, Ensuite Laundry, And Two Full Bathrooms For Exceptional Everyday Comfort. Residents Enjoy The Best Of "The Lake, The Life, The City" - Steps To Sugar Beach, Harbourfront, Loblaws, Farm Boy, LCBO, St. Lawrence Market, Union Station, The Financial District, CN Tower, Parks, Shops, Restaurants, Schools, And Future PATH Connection. Built By Reputable Developer Menkes, Sugar Wharf Offers Outstanding Amenities Including 24-Hour Concierge, Fitness Centre/Membership, Indoor Pool, Basketball Court, Party Room, Theatre Room, Kids/Arts Rooms, Arcade Room, Outdoor Terrace With BBQ Area, And More. With Strong Rental Cash Flow Potential And Exceptional Downtown Convenience, This Is An Ideal Opportunity For Investors, First-Time Home Buyers, Or End-Users Seeking A Vibrant Waterfront Lifestyle. Do Not Miss!

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

Closing Costs

Mortgage Amount
$399,200
Land Transfer Taxes$6,455
Legal Fees (Est.)
$
Total cash required for closing$107,755

Total Monthly Obligation

$3,173/mo
Mortgage $2,013
Monthly Loss $2,643
Principal$530
Interest$1,483
Property Tax$275
Condo Fees$685
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.0%19
Cash-on-Cash
-8.4%1
5-Year IRR
9.3%31
10-Year IRR
10.2%
Returns Index
16.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$32,340/yr
NOI
$15,186/yr
Net Cash Flow
-$747/mo
Cash Margin
-27.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.638
LTV Ratio
80.0%18
Vacancy Buffer
3.0 mo50
Risk Index
25.5/ 100

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

Comparables

Properties near 138 Downes Street 806

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.