2 Edith Drive 508, Toronto C03

$945,000
2 Edith Drive 508

$945,000

New
30d
Condo ApartmentApartment

2 Edith Drive 508, Toronto C03

Total Monthly Obligation $5,761

Beds
2
Baths
2
Park
1
Sqft
1000-1199
DOM
30d
Score
15
Yield
4.7%
Cash on Cash
-10.8%
Cap Rate
2.3%
5Y IRR
7.1%
10Y IRR
8.0%
Property Type-Condo Apartment
MLS® Number-C13817882
Beds-2
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Sep 23, 2026
Style-Apartment
Building Type-Condo Apartment
Age-16-30
Taxes-$4,435.06 (2026)
Maintenance-$1,379.07/mo
Locker-Exclusive
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-FOREST HILL REAL ESTATE INC.
Cooling-Central Air
Laundry-Yes
Fireplace-Yes
Pool-None
Exterior-Concrete
Possession-TBD
Neighbourhood-Yonge-Eglinton
Title-Residential Condo & Other

No agent assigned

Welcome To The Movado At 2 Edith Dr. A Fabulous Low-Rise Boutique Condo In The Yonge & Eglinton Neighbourhood. It Is Very Rare That This Corner Unit, Just Shy Of 1100 Sq-Ft 2 Bed, 2 Bath With An Open Concept And Split Bedroom Floorplan At Yonge And Eg Comes Available.This Unit Has Been Upgraded With New Custom Kitchen Cabinets And Appliances, Additional Storage Cabinets, 9' Smooth Finished Ceilings, Crown Mouldings And New Luxury Vinyl Flooring. The Primary Bedroom Is A Great Size With A Walk In Closet And Upgraded 4-Piece Ensuite. The Shower Rivals Those Found In Custom-Built Homes. Laundry Is In The Unit With A Newer Full-Size Washer And Dryer. Another Fabulous Feature Is A Fantastic Balcony That Faces North-West Looking Over A Canopy Of Trees (Not Eglinton Ave) That Gives You A Lot Of Privacy. This Unit Also Comes With a Parking Spot And Locker. The Building Amenities Have a Gym, Party/Meeting Room And Bbq Area. Awesome Eglinton Park And North Toronto Community Centre Are Right Around The Corner. You Are Only A 5-Minute Walk To The Corner Of Yonge And Eglinton, Where You Can Hop On The TTC Subway Or The LRT. There Are Tons Of Retail Shops, Restaurants, Grocery Stores And Medical Offices Up And Down Yonge St And Across Eglinton Ave. However, When You Just Need A Few Basics, There Is A Convenience Store And Dry Cleaners Right Across The Street. Another Big Plus Is You Don't Need To Wait Forever For An Elevator Like In Many Of The 30-40 Storey Plus High Rises. Maint Fees Include: Heat, Hydro, Water, Central AC - Pets Allowed With Some Restrictions.

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

Closing Costs

Mortgage Amount
$756,000
Land Transfer Taxes$15,375
Legal Fees (Est.)
$
Total cash required for closing$205,875

Total Monthly Obligation

$5,761/mo
Mortgage $3,812
Monthly Loss $4,757
Principal$1,003
Interest$2,809
Property Tax$370
Condo Fees$1,379
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
1.7%11
Cash-on-Cash
-14.4%0
5-Year IRR
4.6%10
10-Year IRR
6.6%
Returns Index
6.1/ 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
$44,292/yr
NOI
$16,479/yr
Net Cash Flow
-$2,439/mo
Cash Margin
-66.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.363
LTV Ratio
80.0%18
Vacancy Buffer
1.7 mo26
Risk Index
15.6/ 100

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

Comparables

Properties near 2 Edith Drive 508

Time

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