1 Lomond Drive 302, Toronto W08

$849,000
1 Lomond Drive 302

$849,000

New
25d
Condo ApartmentApartment

1 Lomond Drive 302, Toronto W08

Total Monthly Obligation $5,301

HausQ Valuation Report
Bed+Den
3+1
Baths
2
Park
1
Sqft
1200-1399
DOM
25d
Score
15
Yield
5.3%
Cash on Cash
-8.8%
Cap Rate
2.7%
5Y IRR
8.7%
10Y IRR
9.2%
Property Type-Condo Apartment
MLS® Number-W13834756
Bed+Den-3+1
Bathrooms-2
Size-1200-1399 sqft
Listed on site-Sep 28, 2026
Style-Apartment
Building Type-Condo Apartment
Age-16-30
Taxes-$4,105.12 (2026)
Maintenance-$1,334.25/mo
Locker-None
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE WEST REALTY GROUP LTD.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick
Roof-Asphalt Shingle
Possession-60 or 90 days TBA
Neighbourhood-Islington-City Centre West
Title-Residential Condo & Other

No agent assigned

Welcome to Unit 302 at 1 Lomond Drive, ideally situated in a sought-after west-end neighbourhood. This well-appointed 2+Den, 2 Bathroom suite offers 1,250 sq. ft. of living space, with a functional layout that includes generous living and dining areas, a versatile den, in-suite laundry and one dedicated parking space. The renovated kitchen features a bright breakfast area with a window, while both bedroom offer walk-in closets. Enjoy an exceptional location with Thomas Riley park directly behind the building and Islington subway station just steps away. The Kingsway is nearby, offering an array of shops, cafes and restaurant, with Sobeys and GoodLife Fitness directly across the street. Excellent schools are also within close proximity. Residents enjoy a full range of building amenities, including 24-hour concierge service, party room, gym, billiards room and bicycle storage. This smoke-free building offers a well-rounded lifestyle with generous living space, thoughtful updates and an unbeatable west-end location with everyday essentials and recreation right outside your door.

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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$679,200
Land Transfer Taxes$13,455
Legal Fees (Est.)
$
Total cash required for closing$184,755

Total Monthly Obligation

$5,301/mo
Mortgage $3,425
Monthly Loss $4,400
Principal$901
Interest$2,523
Property Tax$342
Condo Fees$1,334
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.1%13
Cash-on-Cash
-12.7%0
5-Year IRR
5.9%14
10-Year IRR
7.6%
Returns Index
8.2/ 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
$45,000/yr
NOI
$17,984/yr
Net Cash Flow
-$1,926/mo
Cash Margin
-51.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.444
LTV Ratio
80.0%18
Vacancy Buffer
1.8 mo28
Risk Index
16.7/ 100

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

Comparables

Properties near 1 Lomond Drive 302

Time

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Data last updated within the past 24 hours.