1028 Mcnicoll Avenue 1006, Toronto E05

$329,990
1028 Mcnicoll Avenue 1006

$329,990

New
24d
Leasehold CondoBachelor/Studio

1028 Mcnicoll Avenue 1006, Toronto E05

Total Monthly Obligation $2,297

HausQ Valuation Report
Beds
0
Baths
1
Park
0
Sqft
0-499
DOM
24d
Score
16
Yield
3.6%
Cash on Cash
-18.8%
Cap Rate
0.5%
5Y IRR
1.1%
10Y IRR
3.6%
Property Type-Leasehold Condo
MLS® Number-E13841034
Beds-0
Bathrooms-1
Size-0-499 sqft
Listed on site-Sep 29, 2026
Style-Bachelor/Studio
Building Type-Leasehold Condo
Taxes-$1,221 (2025)
Maintenance-$664.11/mo
Locker-None
Parking-None
Basement-None
Heating-Forced Air (Gas)
Brokerage-FIRST CLASS REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick
Possession-TBA
Neighbourhood-Steeles
Title-Residential Condo & Other

No agent assigned

Welcome to comfortable, maintenance-free living in this premier Life Lease community at 1028 McNicoll Ave! This cozy and efficient studio unit is exclusively designed for residents aged 55 and older under a secure Life Lease ownership model, offering a peaceful, independent, and vibrant neighborhood atmosphere. Residents enjoy an array of exceptional building amenities tailored for active and comfortable mature living, including a grand lobby, an exercise room, a library, a games and meeting room, guest suites, and active community programs with meal and cafeteria services. Ideally located close to public transit, shopping, parks, and medical services, this supportive Life Lease community provides an ideal setting for anyone looking to downsize into a convenient and well-connected home.

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

Closing Costs

Mortgage Amount
$263,992
Land Transfer Taxes$3,425
Legal Fees (Est.)
$
Total cash required for closing$70,923

Total Monthly Obligation

$2,297/mo
Mortgage $1,331
Monthly Loss $1,947
Principal$350
Interest$981
Property Tax$102
Condo Fees$664
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
-0.3%4
Cash-on-Cash
-23.7%0
5-Year IRR
-2.3%1
10-Year IRR
1.7%
Returns Index
1.4/ 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
$11,928/yr
NOI
-$855/yr
Net Cash Flow
-$1,402/mo
Cash Margin
-141.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
-0.051
LTV Ratio
80.0%18
Vacancy Buffer
4.3 mo73
Risk Index
30.7/ 100

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

Comparables

Properties near 1028 Mcnicoll Avenue 1006

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.