3 Market Street 422, Toronto C08

$399,000
3 Market Street 422

$399,000

New
23d
Condo ApartmentApartment

3 Market Street 422, Toronto C08

Total Monthly Obligation $2,616

Beds
1
Baths
1
Park
0
Sqft
500-599
DOM
23d
Score
20
Yield
6.8%
Cash on Cash
-2.6%
Cap Rate
4.0%
5Y IRR
13.5%
10Y IRR
12.9%
Property Type-Condo Apartment
MLS® Number-C13842546
Beds-1
Bathrooms-1
Size-500-599 sqft
Listed on site-Sep 30, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$2,831.38 (2026)
Maintenance-$570.23/mo
Locker-Owned
Parking-None
Basement-None
Heating-Forced Air (Gas)
Brokerage-RE/MAX PROFESSIONALS INC.
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick
Possession-TBA
Neighbourhood-Waterfront Communities C8
Title-Residential Condo & Other

No agent assigned

Discover exceptional living in the heart of the coveted St. Lawrence Market neighbourhood. This bright and spacious one-bedroom plus media nook suite offers a functional open-concept layout at almost 600 SqFt, a modern kitchen with stainless steel appliances, an oversized bathroom, and abundant natural light cascading throughout. Expansive windows frame peaceful treetop views, while fresh paint and professional cleaning make the suite move-in ready. Residents enjoy outstanding amenities, including a lake-view fitness center with premium equipment, an elegant party room overlooking the CN Tower, outdoor BBQs, guest suites, and a tranquil reading terrace surrounded by greenery. Step outside to one of Toronto's most vibrant downtown communities, with St. Lawrence Market, acclaimed restaurants, cafés, wine bars, patios, the Distillery District, Financial District, Harbourfront, Waterfront Trail, Toronto Eaton Centre, Scotiabank Arena, Rogers Centre, Meridian Hall, Berczy Park, David Crombie Park, Sugar Beach, all nearby. With a Walk Score of 99, daily errands rarely require a car, and King Station, Union Station, TTC, GO Transit, VIA Rail, and the UP Express to Pearson Airport are all within walking distance. The neighborhood is also ideal for cyclists, with dedicated cycling routes and easy access to the waterfront. For all you pet lovers, this pet-friendly building has no weight restrictions for dogs or cats. An incredible opportunity to live, work, dine, and explore in one of downtown Toronto's most connected locations.

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

Closing Costs

Mortgage Amount
$319,200
Land Transfer Taxes$4,460
Legal Fees (Est.)
$
Total cash required for closing$85,760

Total Monthly Obligation

$2,616/mo
Mortgage $1,609
Monthly Loss $2,192
Principal$424
Interest$1,186
Property Tax$236
Condo Fees$570
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.1%19
Cash-on-Cash
-8.1%1
5-Year IRR
9.5%32
10-Year IRR
10.4%
Returns Index
17.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
20/ 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
$27,108/yr
NOI
$12,323/yr
Net Cash Flow
-$583/mo
Cash Margin
-25.8%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.648
LTV Ratio
80.0%18
Vacancy Buffer
3.7 mo63
Risk Index
29.7/ 100

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

Comparables

Properties near 3 Market Street 422

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.