489 Ontario Street, Toronto C08

$1,699,000
489 Ontario Street

$1,699,000

New
2d
Semi-Detached 3-Storey

489 Ontario Street, Toronto C08

Total Monthly Obligation $8,044

HausQ Valuation Report
Beds
3
Baths
3
Park
0
Sqft
1500-2000
DOM
2d
Score
15
Yield
3.2%
Cash on Cash
-9.8%
Cap Rate
2.5%
5Y IRR
7.9%
10Y IRR
8.6%
Property Type-Semi-Detached
MLS® Number-C14104316
Beds-3
Bathrooms-3
Size-1500-2000 sqft
Lot Size-47.54 × 25.72 ft
Listed on site-Oct 21, 2026
Style-3-Storey
Building Type-Semi-Detached
Age-100+
Taxes-$9,783.8 (2025)
Parking-None
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-HARVEY KALLES REAL ESTATE LTD.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-60/90 Days
Neighbourhood-Cabbagetown-South St. James Town
Title-Residential Freehold

No agent assigned

A rare offering in Toronto's coveted Cabbagetown, this distinctive three-storey townhouse brings together beautiful design, generous proportions and an artfully curated aesthetic. Rich in personality and thoughtfully appointed throughout, the home balances expressive style with understated sophistication. 3 bedrooms above grade, perfectly laid out with a versatile lower level that can be used as a guest bedroom or extra family room. Well-appointed rooms offer inviting spaces for entertaining and everyday living, while large bedrooms provide exceptional comfort. The primary bedroom retreat is a private haven, offering a peaceful escape at the end of the day. Outdoors, a serene, low-maintenance garden creates an intimate setting. Tastefully composed and truly one of a kind, this is a home for those who appreciate interiors with character and a style all their own.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$1,359,200
Land Transfer Taxes$30,455
Legal Fees (Est.)
$
Total cash required for closing$371,755

Total Monthly Obligation

$8,044/mo
Mortgage $6,853
Monthly Loss $6,240
Principal$1,803
Interest$5,050
Property Tax$815
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.1%12
Cash-on-Cash
-12.8%0
5-Year IRR
5.5%12
10-Year IRR
7.1%
Returns Index
7.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
15/ 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
$55,128/yr
NOI
$35,331/yr
Net Cash Flow
-$3,909/mo
Cash Margin
-85.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.434
LTV Ratio
80.0%18
Vacancy Buffer
1.2 mo19
Risk Index
13.7/ 100

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

Comparables

Properties near 489 Ontario Street

Time

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