616 Avenue Road 401, Toronto C02

$1,489,000
616 Avenue Road 401

$1,489,000

New
4d
Condo ApartmentApartment

616 Avenue Road 401, Toronto C02

Total Monthly Obligation $8,340

Beds
2
Baths
2
Park
2
Sqft
1400-1599
DOM
4d
Score
16
Yield
4.9%
Cash on Cash
-7.3%
Cap Rate
3.0%
5Y IRR
9.8%
10Y IRR
10.1%
Property Type-Condo Apartment
MLS® Number-C14095272
Beds-2
Bathrooms-2
Size-1400-1599 sqft
Listed on site-Oct 19, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$5,900.62 (2026)
Maintenance-$1,641.78/mo
Locker-Owned
Parking-2 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-KELLER WILLIAMS ADVANTAGE REALTY
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Concrete, Stucco (Plaster)
Possession-TBD
Neighbourhood-Casa Loma
Title-Residential Condo & Other

No agent assigned

A Boutique Address. Room to Live Beautifully with an exceptional sense of light and space in an intimate 27 Unit building in prestigious Forest Hill. This light-filled two-bedroom, two-bathroom residence combines generous principal rooms, custom built-ins and a private balcony with the comfort and convenience of condominium living.The expansive living and dining areas provide plenty of room to entertain, gather with family and friends, or simply enjoy a little extra breathing room. Custom built-ins add character and functionality, while the well-proportioned layout creates a natural flow for everyday living. The large private kitchen has a rare window bringing an abundance of light into the space. Generous Terrace to enjoy an evening drink or morning coffee. Two spacious bedrooms offer flexibility for guests, a home office or a peaceful private retreat.Residents enjoy beautifully landscaped gardens including a backyard perfect for quiet reflection and entertaining guests, a fitness room, party room, visitor parking and on-site management. Two extra building fridge/freezers are great for those times when you are preparing for a large gathering. Enjoy the community atmosphere, with regular cocktail parties and building gatherings. This coveted address offers easy access to parks, transit and some of Midtown Toronto's most established neighbourhoods.Enjoy the rare combination of generous living space, boutique-building charm and a location that puts the best of Midtown within reach.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$1,191,200
Land Transfer Taxes$26,255
Legal Fees (Est.)
$
Total cash required for closing$325,555

Total Monthly Obligation

$8,340/mo
Mortgage $6,006
Monthly Loss $6,759
Principal$1,581
Interest$4,426
Property Tax$492
Condo Fees$1,642
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.5%15
Cash-on-Cash
-10.7%1
5-Year IRR
7.3%20
10-Year IRR
8.6%
Returns Index
11.1/ 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
$73,140/yr
NOI
$37,824/yr
Net Cash Flow
-$2,854/mo
Cash Margin
-46.8%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.525
LTV Ratio
80.0%18
Vacancy Buffer
1.2 mo19
Risk Index
14.0/ 100

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

Comparables

Properties near 616 Avenue Road 401

Time

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