2650 Southvale Crescent 212, Elmvale Acres and Area

$349,900
2650 Southvale Crescent 212

$349,900

New
16d
Condo Apartment2-Storey

2650 Southvale Crescent 212, Elmvale Acres and Area

Total Monthly Obligation $2,837

Beds
2
Baths
2
Park
1
Sqft
1200-1399
DOM
16d
Score
25
Yield
10.1%
Cash on Cash
3.9%
Cap Rate
5.4%
5Y IRR
18.7%
10Y IRR
17.2%
Property Type-Condo Apartment
MLS® Number-X13877036
Beds-2
Bathrooms-2
Size-1200-1399 sqft
Listed on site-Oct 7, 2026
Style-2-Storey
Building Type-Condo Apartment
Taxes-$2,552 (2025)
Maintenance-$1,012.69/mo
Locker-None
Parking-1 - Underground
Basement-None
Heating-Radiant (Gas)
Brokerage-ROYAL LEPAGE INTEGRITY REALTY
Cooling-Wall Unit(s)
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick
Possession-Immediate
Neighbourhood-3705 - Sheffield Glen/Industrial Park
Title-Residential Condo & Other

No agent assigned

Rare two-storey condo apartment offering the feel of a townhome with the ease of condo living. The open-concept main level flows naturally for everyday living and entertaining, while the lower level keeps sleeping spaces separate and private, a layout that works beautifully for working from home, hosting guests, or sharing the space. Step outside onto not one but two separate balconies. A full-sized laundry room, a rarity in condo apartments, makes chores simple, and a dedicated in-unit storage room adds flexibility for bikes, sports gear, or seasonal items. All-inclusive condo fees mean one predictable monthly payment, with no utility bills that rise and fall with the seasons: easy budgeting from day one. Located just off the highway for a quick commute downtown or anywhere across the city. Set in a high-demand rental area, this is a smart move for first-time buyers ready to stop renting, and a low-maintenance, easy-to-lease opportunity for investors.

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(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$279,920
Land Transfer Taxes$3,724
Legal Fees (Est.)
$
Total cash required for closing$75,204

Total Monthly Obligation

$2,837/mo
Mortgage $1,411
Monthly Loss $2,465
Principal$371
Interest$1,040
Property Tax$213
Condo Fees$1,013
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
4.2%29
Cash-on-Cash
-3.0%4
5-Year IRR
13.9%64
10-Year IRR
14.1%
Returns Index
32.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
25/ 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
$35,328/yr
NOI
$14,691/yr
Net Cash Flow
-$187/mo
Cash Margin
-6.4%1
Cash Flow Index
1.4/ 100
Risk Profile
Weight: 20%
DSCR
0.8718
LTV Ratio
80.0%18
Vacancy Buffer
3.4 mo57
Risk Index
31.0/ 100

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

Comparables

Properties near 2650 Southvale Crescent 212

Time

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