117 Gerrard Street E 404, Toronto C08

$325,000
117 Gerrard Street E 404

$325,000

New
3d
Condo ApartmentApartment

117 Gerrard Street E 404, Toronto C08

Total Monthly Obligation $2,363

Beds
1
Baths
1
Park
0
Sqft
500-599
DOM
3d
Score
23
Yield
8.5%
Cash on Cash
1.6%
Cap Rate
4.9%
5Y IRR
16.8%
10Y IRR
15.7%
Property Type-Condo Apartment
MLS® Number-C14099186
Beds-1
Bathrooms-1
Size-500-599 sqft
Listed on site-Oct 20, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$1,825 (2025)
Maintenance-$700.24/mo
Locker-None
Parking-Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-RE/MAX WEST REALTY INC.
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick
Possession-TBD
Neighbourhood-Church-Yonge Corridor
Title-Residential Condo & Other

No agent assigned

More space, more light and a layout with options! This bright and spacious downtown suite offers plenty of room to live, work and entertain, with separate living and dining areas, a dedicated office space, updated kitchen and an abundance of natural light throughout. The bedroom remains a generous, defined sleeping area, while the former dividing wall has been removed to create a larger, more open feel and maximize the usable space. Prefer a little more separation? A virtually staged photo shows how easily a stylish divider could be incorporated while keeping the room bright and spacious. The maintenance fee includes all of your utilities, cable and high speed internet! The building is loaded with amenities, including an incredible rooftop terrace with panoramic city views and hot tub, fully equipped gym, games room, party room, sauna, visitor parking and 24 hour concierge/security. Right in the heart of downtown, with a walk score of 98/100, you're surrounded by everything that makes city living convenient: Toronto Metropolitan University, the Eaton Centre, hospitals, restaurants, groceries, transit and the subway are all close by. An excellent option for first time buyers, professionals, students, investors or anyone looking for a spacious downtown home with a layout that can adapt to how you actually want to live. *Some photos virtually staged.

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

Closing Costs

Mortgage Amount
$260,000
Land Transfer Taxes$3,350
Legal Fees (Est.)
$
Total cash required for closing$69,850

Total Monthly Obligation

$2,363/mo
Mortgage $1,311
Monthly Loss $2,018
Principal$345
Interest$966
Property Tax$152
Condo Fees$700
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.8%25
Cash-on-Cash
-4.9%2
5-Year IRR
12.1%51
10-Year IRR
12.6%
Returns Index
26.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
23/ 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
$27,672/yr
NOI
$12,277/yr
Net Cash Flow
-$288/mo
Cash Margin
-12.5%0
Cash Flow Index
0.4/ 100
Risk Profile
Weight: 20%
DSCR
0.7813
LTV Ratio
80.0%18
Vacancy Buffer
4.0 mo70
Risk Index
33.7/ 100

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

Comparables

Properties near 117 Gerrard Street E 404

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.

Data is provided courtesy of PropTx.

The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.

Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.