1510 Riverside Drive 2001, Alta Vista and Area

$480,000
1510 Riverside Drive 2001

$480,000

New
21d
Condo Apartment1 Storey/Apt

1510 Riverside Drive 2001, Alta Vista and Area

Total Monthly Obligation $3,435

HausQ Valuation Report
Beds
1
Baths
2
Park
1
Sqft
1000-1199
DOM
21d
Score
17
Yield
6.9%
Cash on Cash
-5.8%
Cap Rate
3.3%
5Y IRR
11.0%
10Y IRR
11.0%
Property Type-Condo Apartment
MLS® Number-X13854302
Beds-1
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Oct 2, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Taxes-$4,025.88 (2026)
Maintenance-$963.34/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Baseboard (Electric)
Brokerage-ROYAL LEPAGE PERFORMANCE MARLAND REALTY
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Concrete
Possession-TBD
Neighbourhood-3602 - Riverview Park
Title-Residential Condo & Other

No agent assigned

Welcome to The Riviera at 1510 Riverside Drive, where condo living feels more like a resort! This well-designed 1 bedroom + den residence offers a flexible floor plan with comfortable living space and a versatile den ideal for a home office, 2nd bedroom, or guest space! 1 Underground parking and storage locker included! Beyond the suite itself is what truly sets The Riviera apart. Residents enjoy an exceptional resort-style lifestyle within this gated community, complete with indoor and outdoor pools, hot tubs, saunas, fitness facilities, tennis, pickleball and squash courts, a library, party and social spaces, and beautifully landscaped grounds and walking paths. 24-hour gatehouse security adds another level of comfort and convenience.All of this just minutes from downtown, with easy access to the LRT, Train Yards, hospitals, shopping, cycling and walking paths, and major commuter routes.More than just a condo, this is an opportunity to enjoy an established community and a lifestyle that is difficult to replicate. Come home to The Riviera and discover resort-style living in the heart of the city.

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

Closing Costs

Mortgage Amount
$384,000
Land Transfer Taxes$6,075
Legal Fees (Est.)
$
Total cash required for closing$103,575

Total Monthly Obligation

$3,435/mo
Mortgage $1,936
Monthly Loss $2,926
Principal$510
Interest$1,427
Property Tax$335
Condo Fees$963
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.5%15
Cash-on-Cash
-11.0%1
5-Year IRR
7.4%20
10-Year IRR
8.9%
Returns Index
11.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 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
$33,192/yr
NOI
$11,887/yr
Net Cash Flow
-$946/mo
Cash Margin
-34.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.515
LTV Ratio
80.0%18
Vacancy Buffer
2.8 mo46
Risk Index
23.1/ 100

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

Comparables

Properties near 1510 Riverside Drive 2001

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.

Data is provided courtesy of PropTx.

The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.

Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.