1038 Mcnicoll Avenue 218, Toronto E05

$392,000
1038 Mcnicoll Avenue 218

$392,000

New
3d
Leasehold CondoApartment

1038 Mcnicoll Avenue 218, Toronto E05

Total Monthly Obligation $2,619

HausQ Valuation Report
Bed+Den
2+1
Baths
1
Park
0
Sqft
600-699
DOM
3d
Score
19
Yield
6.3%
Cash on Cash
-5.4%
Cap Rate
3.4%
5Y IRR
11.3%
10Y IRR
11.2%
Property Type-Leasehold Condo
MLS® Number-E14105166
Bed+Den-2+1
Bathrooms-1
Size-600-699 sqft
Listed on site-Oct 20, 2026
Style-Apartment
Building Type-Leasehold Condo
Taxes-$1,915.32 (2025)
Maintenance-$678.3/mo
Locker-Owned
Parking-Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-BAY STREET GROUP INC.
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Concrete
Possession-Immed
Neighbourhood-Steeles
Title-Residential Condo & Other

No agent assigned

!! RENOVATED from TOP to BOTTOM!! Experience luxury and peace of mind in this stunning 1+Den 645 sq. ft. life lease at Vintage Garden I. Specifically designed for 55+ living! New Vinyl flooring, fresh paint throughout! Bright & open-concept layout featuring soaring 10-foot ceilings. The Kitchen is completely brand-new, featuring sleek stainless-steel appliances and custom cabinetry with ergonomic pull-down shelving. Equipped with an in-bathroom emergency call button and 24-hour security/emergency response. On-site medical clinic services provide ultimate convenience. Amenities: Enjoy a vibrant lifestyle with an on-site restaurant, library, organized social activities, a gym, and a beautiful grand lobby.Nestled next to a quiet park with exercise equipment and a Christian Church. Steps away from banks, bakeries, and local dining.

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

Closing Costs

Mortgage Amount
$313,600
Land Transfer Taxes$4,355
Legal Fees (Est.)
$
Total cash required for closing$84,255

Total Monthly Obligation

$2,619/mo
Mortgage $1,581
Monthly Loss $2,203
Principal$416
Interest$1,165
Property Tax$160
Condo Fees$678
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.5%15
Cash-on-Cash
-10.8%1
5-Year IRR
7.4%20
10-Year IRR
8.8%
Returns Index
11.3/ 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
$24,768/yr
NOI
$9,836/yr
Net Cash Flow
-$762/mo
Cash Margin
-36.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.525
LTV Ratio
80.0%18
Vacancy Buffer
3.7 mo63
Risk Index
28.8/ 100

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

Comparables

Properties near 1038 Mcnicoll Avenue 218

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.