4978 Yonge Street 1812, Toronto C07

$368,800
4978 Yonge Street 1812

$368,800

New
22d
Condo ApartmentApartment

4978 Yonge Street 1812, Toronto C07

Total Monthly Obligation $2,404

Beds
1
Baths
1
Park
0
Sqft
500-599
DOM
22d
Score
23
Yield
7.3%
Cash on Cash
0.1%
Cap Rate
4.6%
5Y IRR
15.6%
10Y IRR
14.7%
Property Type-Condo Apartment
MLS® Number-C13848974
Beds-1
Bathrooms-1
Size-500-599 sqft
Listed on site-Oct 1, 2026
Style-Apartment
Building Type-Condo Apartment
Age-16-30
Taxes-$2,179 (2026)
Maintenance-$534.83/mo
Locker-None
Parking-Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-BAY STREET GROUP INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Concrete
Possession-30/60/90 days
Neighbourhood-Lansing-Westgate
Title-Residential Condo & Other

No agent assigned

Direct Underground Subway Access & Super Value in Prime North York Centre - For just Under $370,000, you can own this 535sqft one-bedroom condo in this pet friendly smoke-free Ultima North Tower. Ideal for first-time buyers on a budget, downsizers/retirees seeking effortless low-maintenance living, minimalists craving an efficient urban footprint, or savvy investors looking for immediate high-demand rental cash flow.Turnkey Living & Fresh Finishes: 100% Move-In Ready: Fresh designer paint and brand-new, durable luxury vinyl plank flooring throughout.Modern Kitchen: Brand-new stainless steel appliance package, sleek cabinetry, and a clean open-concept layout. Practically laid-out 1-bedroom with floor-to-ceiling windows, open balconly for everyday living comfort. Quality built by Menkes, professionally managed on-site by Del Property Management, backed by a massive $7M+ reserve fund for long-term peace of mind. 24-hour concierge/security, fully equipped 24-hr fitness centre, indoor pool, sauna, party room, guest suites, and visitor parking. Walk entirely indoors through the underground concourse straight to Sheppard-Yonge Subway (Lines 1 & 4), Yonge Sheppard Centre, groceries, and dining-never face rain, snow, or freezing winter winds again. Perfect for seniors, non-drivers, and daily TTC & Go bus commuters. Steps to T&T Supermarket, No Frills, Longo's, Shoppers Drug Mart, Dollarama, LCBO, Cineplex Cinemas, and fastfood and restaurants along Yonge. Stroll to Mel Lastman Square, North York Central Library, local parks. Minutes to Hwy 401 & DVP for effortless travel across the GTA. Make your offer today.

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

Closing Costs

Mortgage Amount
$295,040
Land Transfer Taxes$4,007
Legal Fees (Est.)
$
Total cash required for closing$79,267

Total Monthly Obligation

$2,404/mo
Mortgage $1,488
Monthly Loss $2,013
Principal$391
Interest$1,096
Property Tax$182
Condo Fees$535
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.6%23
Cash-on-Cash
-5.8%2
5-Year IRR
11.4%45
10-Year IRR
11.9%
Returns Index
23.5/ 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
$26,988/yr
NOI
$13,292/yr
Net Cash Flow
-$380/mo
Cash Margin
-16.9%0
Cash Flow Index
0.2/ 100
Risk Profile
Weight: 20%
DSCR
0.7412
LTV Ratio
80.0%18
Vacancy Buffer
4.0 mo69
Risk Index
32.8/ 100

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

Comparables

Properties near 4978 Yonge Street 1812

Time

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Data last updated within the past 24 hours.