400 Adelaide Street E 322, Toronto C08

$699,000
400 Adelaide Street E 322

$699,000

Price Change
25d
Condo ApartmentApartment

400 Adelaide Street E 322, Toronto C08

Total Monthly Obligation $4,034

HausQ Valuation Report
Beds
2
Baths
2
Park
1
Sqft
800-899
DOM
25d
Score
18
Yield
5.5%
Cash on Cash
-5.0%
Cap Rate
3.5%
5Y IRR
11.6%
10Y IRR
11.5%
Property Type-Condo Apartment
MLS® Number-C13833398
Beds-2
Bathrooms-2
Size-800-899 sqft
Listed on site-Sep 28, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$3,598.69 (2026)
Maintenance-$714.43/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-BAY STREET GROUP INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Concrete
Possession-Flexible
Neighbourhood-Moss Park
Title-Residential Condo & Other

No agent assigned

Welcome to Ivory on Adelaide, ideally located in the heart of downtown Toronto. This bright and spacious 862 sq. ft. 2-bedroom, 2-bathroom suite features a highly functional split-bedroom layout offering excellent privacy and comfortable everyday living. The open-concept kitchen, dining and living area is perfect for both relaxing and entertaining, featuring stainless steel appliances and ample workspace. Floor-to-ceiling windows fill the suite with natural light, while two walkouts lead to a private balcony extending the living space outdoors. Residents enjoy a full selection of building amenities, including 24-hour concierge, a modern fitness centre, party room, guest suites, rooftop terrace and garden with BBQs, and visitor parking. Nestled in the St. Lawrence neighbourhood, you're just steps from George Brown College, St. Lawrence Market, the Distillery District, King Street transit and the Financial District, with convenient access to the DVP and Gardiner. An excellent downtown home offering space, functionality and convenience for professionals, couples or small families.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$559,200
Land Transfer Taxes$10,455
Legal Fees (Est.)
$
Total cash required for closing$151,755

Total Monthly Obligation

$4,034/mo
Mortgage $2,820
Monthly Loss $3,292
Principal$742
Interest$2,078
Property Tax$300
Condo Fees$714
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.9%17
Cash-on-Cash
-9.2%1
5-Year IRR
8.5%26
10-Year IRR
9.5%
Returns Index
14.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 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
$38,424/yr
NOI
$20,010/yr
Net Cash Flow
-$1,152/mo
Cash Margin
-36.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.597
LTV Ratio
80.0%18
Vacancy Buffer
2.4 mo38
Risk Index
21.0/ 100

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

Comparables

Properties near 400 Adelaide Street E 322

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.

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Data last updated within the past 24 hours.