4K Spadina Avenue 1515, Toronto C01

$674,900
4K Spadina Avenue 1515

$674,900

New
25d
Condo ApartmentApartment

4K Spadina Avenue 1515, Toronto C01

Total Monthly Obligation $3,875

Beds
2
Baths
2
Park
1
Sqft
700-799
DOM
25d
Score
18
Yield
5.5%
Cash on Cash
-4.8%
Cap Rate
3.5%
5Y IRR
11.8%
10Y IRR
11.6%
Property Type-Condo Apartment
MLS® Number-C13835748
Beds-2
Bathrooms-2
Size-700-799 sqft
Listed on site-Sep 28, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$3,099.93 (2026)
Maintenance-$694.4/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-RE/MAX ULTIMATE REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick
Possession-30-59 days
Neighbourhood-Waterfront Communities C1
Title-Residential Condo & Other

No agent assigned

Welcome to elevated downtown living at Neo Condos, where style, space and an unbeatable CityPlace location come together in this beautiful 2-bedroom, 2-bathroom South facing suite offering 755 sq. ft. of thoughtfully designed living space. Bathed in natural light, the southeast exposure delivers spectacular views. This open-concept with laminate flooring flows seamlessly throughout. primary bedroom feature large windows, with an ensuite. Parking and locker are conveniently located close to each other, making everyday living effortless. Enjoy an exceptional array of resort-style amenities including 24-hour concierge, indoor pool, whirlpool, spa, sauna, fitness centre, party room, BBQ area, guest suites and even a private theatre. Outside your door, enjoy TTC at your doorstep, 8 acres of parks and green space, Sobeys and everyday essentials nearby, plus the Rogers Centre, CN Tower, waterfront, restaurants, shopping, schools, library and community centre all within easy reach. With quick access to the Gardiner and Lake Shore, this is a truly turnkey downtown home offering modern finishes, breathtaking sunsets and an exceptional urban lifestyle - simply move in and enjoy.

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

Closing Costs

Mortgage Amount
$539,920
Land Transfer Taxes$9,973
Legal Fees (Est.)
$
Total cash required for closing$146,453

Total Monthly Obligation

$3,875/mo
Mortgage $2,722
Monthly Loss $3,159
Principal$716
Interest$2,006
Property Tax$258
Condo Fees$694
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.9%17
Cash-on-Cash
-9.0%1
5-Year IRR
8.6%27
10-Year IRR
9.6%
Returns Index
14.5/ 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
$37,092/yr
NOI
$19,550/yr
Net Cash Flow
-$1,093/mo
Cash Margin
-35.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.607
LTV Ratio
80.0%18
Vacancy Buffer
2.5 mo40
Risk Index
21.6/ 100

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

Comparables

Properties near 4K Spadina Avenue 1515

Time

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Data last updated within the past 24 hours.