4978 Yonge Street 2009, Toronto C07

$769,000
4978 Yonge Street 2009

$769,000

New
27d
Condo ApartmentApartment

4978 Yonge Street 2009, Toronto C07

Total Monthly Obligation $4,656

Beds
3
Baths
2
Park
1
Sqft
1000-1199
DOM
27d
Score
16
Yield
5.5%
Cash on Cash
-6.8%
Cap Rate
3.1%
5Y IRR
10.2%
10Y IRR
10.4%
Property Type-Condo Apartment
MLS® Number-C13832660
Beds-3
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Sep 26, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$3,598.69 (2026)
Maintenance-$1,054.67/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-RE/MAX EXCEL REALTY LTD.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Concrete
Possession-Immediate
Neighbourhood-Lansing-Westgate
Title-Residential Condo & Other

No agent assigned

Welcome To Ultima By Menkes, Ideally Located In The Heart Of North York. This Bright And Beautifully Maintained Three-Bedroom Corner Suite Features A Highly Desirable Split-Bedroom Layout, Offering Excellent Privacy And Functionality. The Spacious Open-Concept Living And Dining Area Is Enhanced By Hardwood Flooring, Large Windows, Abundant Natural Light, And Impressive City Views. The Primary Bedroom Includes A Generous Walk-In Closet, While The Private Balcony Provides The Perfect Place To Relax And Enjoy The Surroundings. Residents Enjoy Direct Underground Access To North York Centre And Sheppard-Yonge Subway Stations, With North York Civic Centre, Mel Lastman Square, Empress Walk, Restaurants, Grocery Stores, Shops, Entertainment, And Everyday Conveniences Just Steps Away. Minutes To Highway 401. Exceptional Building Amenities Include 24-Hour Concierge And Security, Indoor Pool, Fitness Centre, Sauna, Guest Suites, Billiards Room, Golf Centre, Party Room, And Ample Visitor Parking. An Outstanding Opportunity In One Of North York's Most Convenient Locations! ***Some Photos Virtually Staged***

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

Closing Costs

Mortgage Amount
$615,200
Land Transfer Taxes$11,855
Legal Fees (Est.)
$
Total cash required for closing$167,155

Total Monthly Obligation

$4,656/mo
Mortgage $3,102
Monthly Loss $3,840
Principal$816
Interest$2,286
Property Tax$300
Condo Fees$1,055
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.5%15
Cash-on-Cash
-10.9%1
5-Year IRR
7.2%19
10-Year IRR
8.6%
Returns Index
10.9/ 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
$42,036/yr
NOI
$19,178/yr
Net Cash Flow
-$1,504/mo
Cash Margin
-42.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.525
LTV Ratio
80.0%18
Vacancy Buffer
2.1 mo32
Risk Index
18.5/ 100

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

Comparables

Properties near 4978 Yonge Street 2009

Time

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Data last updated within the past 24 hours.