238 Simcoe Street 401, Toronto C01

$468,000
238 Simcoe Street 401

$468,000

New
4d
Condo ApartmentApartment

238 Simcoe Street 401, Toronto C01

Total Monthly Obligation $2,603

Bed+Den
2+1
Baths
1
Park
0
Sqft
600-699
DOM
4d
Score
24
Yield
6.5%
Cash on Cash
1.3%
Cap Rate
4.9%
5Y IRR
16.6%
10Y IRR
15.5%
Property Type-Condo Apartment
MLS® Number-C14093334
Bed+Den-2+1
Bathrooms-1
Size-600-699 sqft
Listed on site-Oct 19, 2026
Style-Apartment
Building Type-Condo Apartment
Age-0-5
Maintenance-$515.04/mo
Locker-None
Parking-Underground
Basement-None
Heating-Fan Coil (Electric)
Brokerage-FIRST CLASS REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Concrete
Possession-Immediate
Neighbourhood-Kensington-Chinatown
Title-Residential Condo & Other

No agent assigned

Welcome To Artist Alley Condos At 238 Simcoe St! Discover This Stylish And Functional 1 Bedroom + Den Suite In The Heart Of Downtown Toronto! Offering 602 Sq.Ft. Of Thoughtfully Designed Living Space, This Beautiful Residence Features A Bright Open-Concept Living And Dining Area With Floor-To-Ceiling Windows And A Walk-Out To A Private Balcony. The Modern Kitchen Showcases Sleek Cabinetry, Built-In Appliances And Contemporary Finishes, Seamlessly Blending Style And Functionality. The Spacious Primary Bedroom Features Large Windows And Ample Closet Space, While The Generously Sized Den Offers Excellent Flexibility As A Home Office, Study Area Or Guest Space. A Smart And Efficient Layout Maximizes Every Square Foot, Complete With Convenient Ensuite Laundry. Enjoy An Unbeatable Downtown Location Just Steps To St. Patrick Subway Station, TTC, OCAD University, Art Gallery Of Ontario, Restaurants, Shopping And Major Hospitals. Minutes To The University Of Toronto, Financial District, Entertainment District, Eaton Centre And Nathan Phillips Square. An Exceptional Opportunity For First-Time Buyers, Young Professionals And Investors Seeking Modern Urban Living In One Of Toronto's Most Convenient Downtown Locations!

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

Closing Costs

Mortgage Amount
$374,400
Land Transfer Taxes$5,835
Legal Fees (Est.)
$
Total cash required for closing$100,935

Total Monthly Obligation

$2,603/mo
Mortgage $1,888
Monthly Loss $2,106
Principal$497
Interest$1,391
Condo Fees$515
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
4.0%27
Cash-on-Cash
-3.8%3
5-Year IRR
12.7%55
10-Year IRR
12.8%
Returns Index
28.8/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
24/ 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
$30,456/yr
NOI
$18,830/yr
Net Cash Flow
-$319/mo
Cash Margin
-12.6%0
Cash Flow Index
0.4/ 100
Risk Profile
Weight: 20%
DSCR
0.8316
LTV Ratio
80.0%18
Vacancy Buffer
3.7 mo63
Risk Index
32.3/ 100

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

Comparables

Properties near 238 Simcoe Street 401

Time

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Data last updated within the past 24 hours.