1185 The Queensway 504, Toronto W08

$695,000
1185 The Queensway 504

$695,000

New
9d
Condo ApartmentApartment

1185 The Queensway 504, Toronto W08

Total Monthly Obligation $4,151

HausQ Valuation Report
Bed+Den
3+1
Baths
2
Park
1
Sqft
900-999
DOM
9d
Score
16
Yield
5.2%
Cash on Cash
-7.7%
Cap Rate
2.9%
5Y IRR
9.5%
10Y IRR
9.9%
Property Type-Condo Apartment
MLS® Number-W14032404
Bed+Den-3+1
Bathrooms-2
Size-900-999 sqft
Listed on site-Oct 14, 2026
Style-Apartment
Building Type-Condo Apartment
Age-11-15
Taxes-$3,053.89 (2026)
Maintenance-$892.67/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE TERREQUITY PRINCIPLED REALTY
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Concrete
Roof-Flat
Foundation-Poured Concrete
Possession-TBD
Neighbourhood-Islington-City Centre West
Title-Residential Condo & Other

No agent assigned

Looking for a bright unit with lots of natural light in all rooms? Check. Looking for an efficient layout and updated kitchen? Check. Want 2 bedrooms and a dedicated den/workspace? Check! You have to see this place! Tens of thousands spent on upgrades to the kitchen and the floors. Kitchen renovation included custom backsplash, breakfast bar, new appliances, luxury grade millwork, AGT cabinets, luxury series sink, and more! All flooring replaced in 2023 with high-end luxury vinyl. New cabinetry installed in den in 2026 with awning style, push to open hardware making a functional work-from-home space. It is hard not to appreciate the upgraded showerheads in both washrooms. You will love the 9-foot ceilings with loads of natural light from your sunny, southwest exposure. Spacious bedrooms give plenty of room for your bed and other bedroom furniture. You will appreciate the split-bedroom layout too! Ideally situated close to freeways, transit, shopping like IKEA and Sherway Gardens, Costco, restaurants, and more! Comes with parking and locker and is the perfect place for you to call home.

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Closing Costs

Mortgage Amount
$556,000
Land Transfer Taxes$10,375
Legal Fees (Est.)
$
Total cash required for closing$150,875

Total Monthly Obligation

$4,151/mo
Mortgage $2,803
Monthly Loss $3,413
Principal$738
Interest$2,066
Property Tax$254
Condo Fees$893
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.3%14
Cash-on-Cash
-11.7%0
5-Year IRR
6.6%16
10-Year IRR
8.1%
Returns Index
9.5/ 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
$35,856/yr
NOI
$16,104/yr
Net Cash Flow
-$1,461/mo
Cash Margin
-48.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.484
LTV Ratio
80.0%18
Vacancy Buffer
2.3 mo37
Risk Index
19.8/ 100

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

Comparables

Properties near 1185 The Queensway 504

Time

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