70 Princess Street 609, Toronto C08

$465,000
70 Princess Street 609

$465,000

Price Change
23d
Condo ApartmentApartment

70 Princess Street 609, Toronto C08

Total Monthly Obligation $2,747

Bed+Den
2+1
Baths
1
Park
0
Sqft
500-599
DOM
23d
Score
20
Yield
5.8%
Cash on Cash
-3.8%
Cap Rate
3.8%
5Y IRR
12.5%
10Y IRR
12.2%
Property Type-Condo Apartment
MLS® Number-C13845976
Bed+Den-2+1
Bathrooms-1
Size-500-599 sqft
Listed on site-Sep 30, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$2,478.41 (2026)
Maintenance-$465.19/mo
Locker-None
Parking-None
Basement-None
Heating-Forced Air (Gas)
Brokerage-UNION CAPITAL REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick, Concrete
Roof-Flat
Foundation-Brick, Poured Concrete
Possession-60-89 days
Neighbourhood-Waterfront Communities C8
Title-Residential Condo & Other

No agent assigned

It's hard to compete with this 535 square foot space idyllically located at Front Street East and Sherbourne. The reputable Pemberton has maximized the 1 bedroom + den, and 1 bath unit, with 9 foot high ceilings and extra wide premium 7" laminate floors throughout. Exterior facing, the unit is brightly lit with tons of natural light highlighted by both floor-to-ceiling windows and a living room balcony. Roller shades for all windows included for privacy. Kitchen features include custom-style cabinetry, quartz countertop, under cabinet lighting, subway-style tile backsplash, under-mounted stainless-steel sink with single lever pull-out facet, and stainless-steel appliance package (counter-depth refrigerator, built-in oven, dishwasher, built-in combination microwave range hood). Enjoy the bedroom's useful mirrored closet doors and ventilated closet shelving. Get acquainted with the bathroom's soaker tub, full-wall bathroom mirror, custom shelf, quartz counters and elongated toilet. Den functions as a flexible space to meet your at-home needs for work or hosting guests, etc. Convenient in-unit stacked washer + dryer included. Abundant amenities include 24-hour concierge, a fitness centre (with weight, cardio, and yoga/pilates rooms), theatre room, games room, outdoor terrace and dining area with BBQs, party room, and infinity edge pool with private cabanas. With a 99/100 walk score and 100/100 transit score nothing is far: The Distillery District, St. Lawrence Market, Union Station, Upcoming Ontario Subway line, coffee shops (Aroma Espresso Bar, Starbucks, Balzacs, Neo Coffee Bar), post-secondary institutions (George Brown College, Ryerson University), groceries (Metro, Loblaws, LCBO), + many nearby parks.

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

Closing Costs

Mortgage Amount
$372,000
Land Transfer Taxes$5,775
Legal Fees (Est.)
$
Total cash required for closing$100,275

Total Monthly Obligation

$2,747/mo
Mortgage $1,876
Monthly Loss $2,254
Principal$494
Interest$1,382
Property Tax$207
Condo Fees$465
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.0%18
Cash-on-Cash
-8.7%1
5-Year IRR
8.9%28
10-Year IRR
9.9%
Returns Index
15.4/ 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
$26,964/yr
NOI
$13,807/yr
Net Cash Flow
-$725/mo
Cash Margin
-32.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.617
LTV Ratio
80.0%18
Vacancy Buffer
3.5 mo60
Risk Index
28.4/ 100

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

Comparables

Properties near 70 Princess Street 609

Time

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