238 Simcoe Street 803, Toronto C01

$449,000
238 Simcoe Street 803

$449,000

New
23d
Condo ApartmentApartment

238 Simcoe Street 803, Toronto C01

Total Monthly Obligation $2,489

HausQ Valuation Report
Beds
1
Baths
1
Park
0
Sqft
500-599
DOM
23d
Score
23
Yield
6.1%
Cash on Cash
-0.3%
Cap Rate
4.5%
5Y IRR
15.3%
10Y IRR
14.4%
Property Type-Condo Apartment
MLS® Number-C13844768
Beds-1
Bathrooms-1
Size-500-599 sqft
Listed on site-Sep 30, 2026
Style-Apartment
Building Type-Condo Apartment
Age-0-5
Maintenance-$477.37/mo
Locker-None
Parking-None
Basement-None
Heating-Forced Air (Gas)
Brokerage-RIGHT AT HOME REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Concrete
Possession-60-90
Neighbourhood-Kensington-Chinatown
Title-Residential Condo & Other

No agent assigned

Welcome to Artists' Alley in the heart of downtown Toronto! This thoughtfully designed 538 sq. ft. "Jaffron" 1 bedroom, as per builder's floor plan, offers an efficient open-concept layout with no wasted space. Featuring contemporary finishes, quartz countertops, integrated appliances, modern cabinetry, and wood and ceramic flooring throughout with no carpet. Designed by renowned Hariri Pontarini Architects with amenity spaces by award-winning Studio Munge. Enjoy exceptional walkability just steps to St. Patrick subway station, OCAD University, the AGO and Grange Park, and approximately a 15-minute walk to U of T's St. George Campus and Temerty Faculty of Medicine at the Medical Sciences Building. Toronto General, Mount Sinai, Princess Margaret and SickKids are also nearby, along with Queen Street West, Eaton Centre, restaurants, cafés and shopping. An ideal downtown home for students, medical professionals, first-time buyers or investors.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$359,200
Land Transfer Taxes$5,455
Legal Fees (Est.)
$
Total cash required for closing$96,755

Total Monthly Obligation

$2,489/mo
Mortgage $1,811
Monthly Loss $2,012
Principal$477
Interest$1,335
Condo Fees$477
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.7%24
Cash-on-Cash
-5.4%2
5-Year IRR
11.5%46
10-Year IRR
11.8%
Returns Index
24.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
23/ 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
$27,420/yr
NOI
$16,550/yr
Net Cash Flow
-$432/mo
Cash Margin
-18.9%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.7612
LTV Ratio
80.0%18
Vacancy Buffer
3.8 mo66
Risk Index
32.3/ 100

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

Comparables

Properties near 238 Simcoe Street 803

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.