218 Queens Quay W 502, Toronto C01

$760,000
218 Queens Quay W 502

$760,000

Extension
29d
Condo ApartmentApartment

218 Queens Quay W 502, Toronto C01

Total Monthly Obligation $4,572

Bed+Den
3+1
Baths
2
Park
1
Sqft
800-899
DOM
29d
Score
16
Yield
5.2%
Cash on Cash
-7.8%
Cap Rate
2.9%
5Y IRR
9.4%
10Y IRR
9.8%
Property Type-Condo Apartment
MLS® Number-C13822924
Bed+Den-3+1
Bathrooms-2
Size-800-899 sqft
Listed on site-Sep 24, 2026
Style-Apartment
Building Type-Condo Apartment
Age-16-30
Taxes-$3,793.05 (2025)
Maintenance-$989.86/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Heat Pump (Electric)
Brokerage-HARVEY KALLES REAL ESTATE LTD.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Concrete, Metal/Steel Siding
Possession-immediate
Neighbourhood-Waterfront Communities C1
Title-Residential Condo & Other

No agent assigned

Wake up to breathtaking lake and harbour front views from this beautifully renovated 2-bedroom plus den/solarium and 2-bathroom residence at Water Club Condos, ideally situated in the heart of Toronto's vibrant waterfront. Offering 834 sq. ft. of sophisticated living space with southeast exposure, this bright and stylish suite features floor-to-ceiling windows, hardwood flooring and an expansive balcony overlooking Lake Ontario and Toronto's Central Harbour front. The fully upgraded kitchen is designed for both everyday living and entertaining, featuring marble counters, subway tile back splash, pot lights, abundant cabinetry and storage, full-size stainless steel appliances and a generous centre breakfast island. The kitchen flows seamlessly into the sun-filled living area and a walkout to the balcony-an exceptional setting for morning coffee, evening entertaining or simply enjoying the waterfront views.The versatile den/solarium is surrounded by large windows and features a convenient pocket door for added privacy; functions beautifully as an office, dining area, breakfast nook or an optional 3rd bedroom. The primary offers sliding doors, closet, and a private 4-piece en suite, while the second bedroom features hardwood flooring and a custom Murphy bed/desk/closet unit. A second 3-piece bathroom and convenient in-suite laundry with a new washer and dryer complete the interior. The suite also features a new heat pump and includes one owned locker. Residents enjoy an impressive collection of amenities, including 24-hour concierge, indoor & outdoor swimming, fitness centre, rooftop deck and community BBQ's. The location delivers an exceptional downtown waterfront lifestyle, just steps from the boardwalk, waterfront attractions, water taxi access, Saturday farmers' markets, café's, restaurants and grocery, with convenient access to Union Station and Rogers Centre. A rare opportunity to enjoy the perfect combination of waterfront views & thoughtful upgrades.

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

Mortgage Amount
$608,000
Land Transfer Taxes$11,675
Legal Fees (Est.)
$
Total cash required for closing$165,175

Total Monthly Obligation

$4,572/mo
Mortgage $3,066
Monthly Loss $3,765
Principal$807
Interest$2,259
Property Tax$316
Condo Fees$990
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.3%14
Cash-on-Cash
-11.8%0
5-Year IRR
6.5%16
10-Year IRR
8.1%
Returns Index
9.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 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
$39,468/yr
NOI
$17,450/yr
Net Cash Flow
-$1,611/mo
Cash Margin
-49.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.474
LTV Ratio
80.0%18
Vacancy Buffer
2.1 mo33
Risk Index
18.5/ 100

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

Comparables

Properties near 218 Queens Quay W 502

Time

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