551 The West Mall 803, Toronto W08

$410,000
551 The West Mall 803

$410,000

New
4d
Condo Apartment1 Storey/Apt

551 The West Mall 803, Toronto W08

Total Monthly Obligation $2,914

Beds
2
Baths
1
Park
1
Sqft
900-999
DOM
4d
Score
29
Yield
9.6%
Cash on Cash
6.8%
Cap Rate
6.0%
5Y IRR
21.0%
10Y IRR
19.1%
Property Type-Condo Apartment
MLS® Number-W14094446
Beds-2
Bathrooms-1
Size-900-999 sqft
Listed on site-Oct 19, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Taxes-$1,425.22 (2026)
Maintenance-$941.78/mo
Locker-Ensuite
Parking-1 - Underground
Basement-None
Heating-Radiant (Gas)
Brokerage-RE/MAX WEST REALTY INC.
Cooling-Wall Unit(s)
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick
Roof-Flat
Foundation-Concrete
Possession-Immediate
Neighbourhood-Etobicoke West Mall
Title-Residential Condo & Other

No agent assigned

Welcome to Suite 803! This freshly painted and beautifully updated 2-bedroom, 1-bathroom suite offers 983 sq. ft. of bright, spacious living, complete with underground parking. The open-concept living and dining areas feature large windows that bring in an abundance of natural light, while neutral luxury vinyl plank flooring throughout creates a clean, contemporary feel. The updated kitchen offers generous updated cabinetry and a neutral backsplash. Both spacious bedrooms feature matching luxury vinyl plank flooring, providing a seamless and modern look throughout the home. Enjoy the convenience of in-suite laundry, a large storage room, and a welcoming foyer with wide hallways. Step outside onto your private balcony and take in the open views. Residents can enjoy an impressive selection of amenities, including an outdoor pool, tennis court, gym, sauna, party room, visitor parking, and underground car wash. Ideally situated close to public transit, major highways, shopping, schools, medical centres, Centennial Park, and Toronto Pearson International Airport. A bright, well-maintained suite offering space, convenience, and excellent value in a highly accessible location. Don't miss it! Some photos are virtually staged.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$328,000
Land Transfer Taxes$4,675
Legal Fees (Est.)
$
Total cash required for closing$88,175

Total Monthly Obligation

$2,914/mo
Mortgage $1,654
Monthly Loss $2,479
Principal$435
Interest$1,219
Property Tax$119
Condo Fees$942
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
4.9%37
Cash-on-Cash
0.4%8
5-Year IRR
16.4%79
10-Year IRR
16.0%
Returns Index
42.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
29/ 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
$39,288/yr
NOI
$20,233/yr
Net Cash Flow
$32/mo
Cash Margin
1.0%6
Cash Flow Index
5.7/ 100
Risk Profile
Weight: 20%
DSCR
1.0228
LTV Ratio
80.0%18
Vacancy Buffer
3.2 mo55
Risk Index
33.9/ 100

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

Comparables

Properties near 551 The West Mall 803

Time

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