228 Queens Quay W 1501, Toronto C01

$499,000
228 Queens Quay W 1501

$499,000

New
22d
Condo ApartmentApartment

228 Queens Quay W 1501, Toronto C01

Total Monthly Obligation $2,937

HausQ Valuation Report
Beds
1
Baths
1
Park
0
Sqft
500-599
DOM
22d
Score
19
Yield
5.6%
Cash on Cash
-4.8%
Cap Rate
3.6%
5Y IRR
11.8%
10Y IRR
11.6%
Property Type-Condo Apartment
MLS® Number-C13849770
Beds-1
Bathrooms-1
Size-500-599 sqft
Listed on site-Oct 1, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$2,324.95 (2026)
Maintenance-$530.06/mo
Locker-None
Parking-None
Basement-None
Heating-Forced Air (Gas)
Brokerage-RE/MAX REALTRON TNS REALTY INC.
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Concrete
Possession-TBA
Neighbourhood-Waterfront Communities C1
Title-Residential Condo & Other

No agent assigned

Experience waterfront living in this bright and well-appointed 1-bedroom suite at 228 Queens Quay West. Enjoy 9-foot ceilings, large windows that bring in abundant natural light, a private balcony, and captivating CN Tower views, an ideal setting to enjoy the energy of the city.Step outside and experience one of Toronto's most desirable waterfront lifestyles. Walk to the lake, waterfront trails, Harbourfront Centre, acclaimed restaurants, cafés, parks, and the ferry terminal to the Toronto Islands. Whether enjoying a summer stroll along the water, nearby outdoor programming, or the convenience of downtown living in every season, this location delivers an exceptional blend of city access and lakeside atmosphere.Conveniently located near Union Station, the Financial District, major highways, and Billy Bishop Toronto City Airport. Residents enjoy a strong collection of building amenities, including an indoor pool, fully equipped fitness centre, BBQ area, guest suites, and more. A bright, well-located home for professionals, investors, or anyone seeking an elevated waterfront lifestyle with the best of downtown Toronto at their doorstep.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$399,200
Land Transfer Taxes$6,455
Legal Fees (Est.)
$
Total cash required for closing$107,755

Total Monthly Obligation

$2,937/mo
Mortgage $2,013
Monthly Loss $2,407
Principal$530
Interest$1,483
Property Tax$194
Condo Fees$530
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.8%17
Cash-on-Cash
-9.5%1
5-Year IRR
8.3%25
10-Year IRR
9.4%
Returns Index
13.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$27,852/yr
NOI
$13,981/yr
Net Cash Flow
-$848/mo
Cash Margin
-36.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.586
LTV Ratio
80.0%18
Vacancy Buffer
3.3 mo55
Risk Index
26.7/ 100

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

Comparables

Properties near 228 Queens Quay W 1501

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.