23 Norway Avenue, Toronto E02

$1,499,000
23 Norway Avenue

$1,499,000

New
4d
Detached2-Storey

23 Norway Avenue, Toronto E02

Total Monthly Obligation $6,997

HausQ Valuation Report
Beds
3
Baths
2
Park
1
Sqft
1100-1500
DOM
4d
Score
15
Yield
3.3%
Cash on Cash
-8.9%
Cap Rate
2.7%
5Y IRR
8.6%
10Y IRR
9.2%
Property Type-Detached
MLS® Number-E14096142
Beds-3
Bathrooms-2
Size-1100-1500 sqft
Lot Size-20.1 × 100 ft
Listed on site-Oct 19, 2026
Style-2-Storey
Building Type-Detached
Age-100+
Taxes-$6,907 (2025)
Parking-1 - None
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE ESTATE REALTY
Cooling-Central Air
Laundry-No
Fireplace-Wood, Family Room
Pool-None
Facing-South
Exterior-Brick, Wood
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-The Beaches
Title-Residential Freehold

No agent assigned

Charming Detached Beach Home! This inviting 3-bedroom, 2-bathroom home with 1-car parking blends character, comfort, and lifestyle in the heart of The Beach. The renovated main floor (2020) features a real wood-burning fireplace, creating the perfect cozy gathering space. Step outside to an entertainer's backyard complete with a walkout deck and hot tub-ideal for summer evenings and year-round enjoyment. An insulated detached shed offers endless possibilities as a home gym, private office, or creative studio. Just steps to Queen Street's shops, cafés, the beach, and TTC, this is the perfect opportunity to enjoy the best of Beach living!

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

Closing Costs

Mortgage Amount
$1,199,200
Land Transfer Taxes$26,455
Legal Fees (Est.)
$
Total cash required for closing$327,755

Total Monthly Obligation

$6,997/mo
Mortgage $6,047
Monthly Loss $5,406
Principal$1,591
Interest$4,455
Property Tax$576
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.2%13
Cash-on-Cash
-12.1%0
5-Year IRR
6.0%14
10-Year IRR
7.5%
Returns Index
8.6/ 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
$49,968/yr
NOI
$33,564/yr
Net Cash Flow
-$3,250/mo
Cash Margin
-78.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.464
LTV Ratio
80.0%18
Vacancy Buffer
1.4 mo22
Risk Index
14.6/ 100

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

Comparables

Properties near 23 Norway Avenue

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.