438 Richmond Street W 621, Toronto C01

$549,000
438 Richmond Street W 621

$549,000

New
4d
Condo ApartmentApartment

438 Richmond Street W 621, Toronto C01

Total Monthly Obligation $3,257

HausQ Valuation Report
Beds
1
Baths
1
Park
1
Sqft
600-699
DOM
4d
Score
19
Yield
5.8%
Cash on Cash
-4.3%
Cap Rate
3.6%
5Y IRR
12.1%
10Y IRR
11.9%
Property Type-Condo Apartment
MLS® Number-C14096204
Beds-1
Bathrooms-1
Size-600-699 sqft
Listed on site-Oct 19, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$2,954.15 (2026)
Maintenance-$596.14/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-RIGHT AT HOME REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Concrete
Possession-TBD
Neighbourhood-Waterfront Communities C1
Title-Residential Condo & Other

No agent assigned

Welcome to The Morgan - where downtown living still comes with space, character, and a real sense of home. Set in one of King West's most recognizable art deco-inspired buildings, this suite offers the kind of practical, livable layout that has become increasingly hard to find in newer condos. Comfortable, well-proportioned, and ready for its next chapter, it's the perfect opportunity to move in as-is or make it your own. Step outside and you're surrounded by the best of King West, Queen West, the Entertainment District, and the Financial Core, with the future King West Ontario Line station coming nearby. Restaurants, cafes, nightlife, transit, work, and everyday conveniences are all within easy reach. The Morgan is a well-managed building with 24-hour concierge, quality amenities, a rooftop terrace, and a strong downtown community. If you're looking for a condo with more substance, better proportions, and a location that truly delivers, this is it.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$439,200
Land Transfer Taxes$7,455
Legal Fees (Est.)
$
Total cash required for closing$118,755

Total Monthly Obligation

$3,257/mo
Mortgage $2,215
Monthly Loss $2,674
Principal$583
Interest$1,632
Property Tax$246
Condo Fees$596
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.9%18
Cash-on-Cash
-8.9%1
5-Year IRR
8.7%27
10-Year IRR
9.7%
Returns Index
14.8/ 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
$31,692/yr
NOI
$16,015/yr
Net Cash Flow
-$880/mo
Cash Margin
-33.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.607
LTV Ratio
80.0%18
Vacancy Buffer
3.0 mo49
Risk Index
24.7/ 100

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

Comparables

Properties near 438 Richmond Street W 621

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.