2 Covington Road 401, Toronto C04

$479,900
2 Covington Road 401

$479,900

New
7d
Condo ApartmentApartment

2 Covington Road 401, Toronto C04

Total Monthly Obligation $3,320

Beds
2
Baths
2
Park
1
Sqft
900-999
DOM
7d
Score
20
Yield
7.6%
Cash on Cash
-1.2%
Cap Rate
4.3%
5Y IRR
14.6%
10Y IRR
13.9%
Property Type-Condo Apartment
MLS® Number-C14085122
Beds-2
Bathrooms-2
Size-900-999 sqft
Listed on site-Oct 16, 2026
Style-Apartment
Building Type-Condo Apartment
Age-16-30
Taxes-$2,850 (2026)
Maintenance-$947.01/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-FOREST HILL REAL ESTATE INC.
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Concrete
Foundation-Concrete
Possession-T.B.D.
Neighbourhood-Englemount-Lawrence
Title-Residential Condo & Other

No agent assigned

TIRED OF TINY CONDOS? HERE'S A SPACIOUS 938 sq.ft.. 2-BEDROOM (SPLIT BEDROOM LAYOUT) WITH 2 FULL BATHS, LARGE BALCONY & LOTS OF ROOM TO LIVE - IN A PRIME NORTH TORONTO LOCATION. Welcome to Crystal Towers, where this bright & spacious suite offers the type of room, separation & functionality that is hard to find in newer condos. The well-designed split-bedroom layout offers you added privacy, with the bedrooms positioned on opposite sides of the suite. The primary bedroom features its own 4-piece ensuite, while the second full bathroom adds convenience for family or guests. The open-concept living and dining area offers lots of room for everyday living and entertaining, while the (full) family-sized kitchen provides generous space for cooking, eating, and of course pantry storage. At almost 1,000 sq. ft., this suite gives you breathing room to create distinct living, dining and work-from-home areas without feeling cramped. Step outside to the large private balcony and enjoy additional outdoor living space. Tons of en-suite storage and of course ensuite laundry. Crystal Towers is a well-managed building with attractive common areas & amenities including an outdoor pool, gym and party room. The location puts everyday conveniences within easy reach. Walk to Lawrence Plaza & enjoy nearby shops, restaurants, parks and schools, with Yorkdale and Lawrence West subway station just minutes away. A spacious and practical suite in an established North Toronto neighbourhood with excellent access to shopping, transit and everyday amenities. This building also offers a Sabbath elevator. **Some photos show staging to illustrate how the unit looked when it was furnished.**

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$383,920
Land Transfer Taxes$6,073
Legal Fees (Est.)
$
Total cash required for closing$103,553

Total Monthly Obligation

$3,320/mo
Mortgage $1,936
Monthly Loss $2,811
Principal$509
Interest$1,426
Property Tax$238
Condo Fees$947
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.4%22
Cash-on-Cash
-6.6%2
5-Year IRR
10.8%41
10-Year IRR
11.5%
Returns Index
21.2/ 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
$36,672/yr
NOI
$16,391/yr
Net Cash Flow
-$570/mo
Cash Margin
-18.6%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.7110
LTV Ratio
80.0%18
Vacancy Buffer
2.9 mo48
Risk Index
25.3/ 100

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

Comparables

Properties near 2 Covington Road 401

Time

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