1510 Riverside Drive 1702, Alta Vista and Area

$850,000
1510 Riverside Drive 1702

$850,000

New
92d
Condo Apartment1 Storey/Apt

1510 Riverside Drive 1702, Alta Vista and Area

Total Monthly Obligation $5,527

Beds
2
Baths
2
Park
3
Sqft
1600-1799
DOM
92d
Score
15
Yield
5.3%
Cash on Cash
-10.1%
Cap Rate
2.4%
5Y IRR
7.7%
10Y IRR
8.4%
Property Type-Condo Apartment
MLS® Number-X13596822
Beds-2
Bathrooms-2
Size-1600-1799 sqft
Listed on site-Jul 23, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Taxes-$5,832.32 (2026)
Maintenance-$1,412.05/mo
Locker-Owned
Parking-3 - Underground
Basement-Other
Heating-Baseboard (Electric)
Brokerage-RE/MAX HALLMARK REALTY GROUP
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Concrete
Possession-To be arranged
Neighbourhood-3602 - Riverview Park
Title-Residential Condo & Other

No agent assigned

Rarely offered 1,700+ sq. ft. "bungalow in the sky" complete with THREE parking spots. This exceptionally spacious 2 bedroom residence delivers true single-level living with multiple full-size rooms - a dedicated living room, formal dining room with sliding doors to a large private balcony, a separate family room, a bright eat-in kitchen, and a beautiful sun-filled sunroom off the living room that's perfect for a home office, reading nook, or plant room. Sunlight pours through wall-to-wall windows, highlighting hardwood flooring and an inviting layout designed for comfort, flexibility, and effortless entertaining. The expansive living room easily accommodates both lounging and a full office setup, while the formal dining room opens directly to the oversized balcony for seamless indoor-outdoor living. Just off the kitchen, the family room provides an additional gathering space, and the generous eat-in kitchen offers abundant cabinetry, extensive counter space, stainless steel appliances, and a cheerful breakfast area ideal for casual meals. Both bedrooms are impressively sized. The primary suite is a true retreat with a walk-in closet plus two additional storage areas, along with spacious 5-piece ensuite. The second bedroom includes a convenient Murphy bed, making it ideal for guests or a flexible workspace. A full main bath and an in-unit laundry room add everyday convenience. Located in a prestigious gated, resort-style community steps from the LRT and minutes to downtown, residents enjoy indoor and outdoor pools, tennis and squash courts, a fitness center, library, dining room, a beautiful gazebo, and beautifully landscaped grounds. Storage locker included. A rare opportunity to enjoy expansive, low-maintenance living with unmatched space, parking, and amenities and much more! 48 Hours Irrevocable on Offers. Some photos virtually staged.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$680,000
Land Transfer Taxes$13,475
Legal Fees (Est.)
$
Total cash required for closing$184,975

Total Monthly Obligation

$5,527/mo
Mortgage $3,429
Monthly Loss $4,624
Principal$902
Interest$2,526
Property Tax$486
Condo Fees$1,412
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
1.8%11
Cash-on-Cash
-14.0%0
5-Year IRR
4.9%11
10-Year IRR
6.9%
Returns Index
6.6/ 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
$45,252/yr
NOI
$15,550/yr
Net Cash Flow
-$2,133/mo
Cash Margin
-56.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.383
LTV Ratio
80.0%18
Vacancy Buffer
1.7 mo27
Risk Index
16.0/ 100

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

Comparables

Properties near 1510 Riverside Drive 1702

Time

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