55 Centre Avenue 2304, Toronto C01

$369,000
55 Centre Avenue 2304

$369,000

New
22d
Condo ApartmentApartment

55 Centre Avenue 2304, Toronto C01

Total Monthly Obligation $2,532

Bed+Den
2+1
Baths
1
Park
0
Sqft
500-599
DOM
22d
Score
22
Yield
7.6%
Cash on Cash
-0.6%
Cap Rate
4.4%
5Y IRR
15.1%
10Y IRR
14.2%
Property Type-Condo Apartment
MLS® Number-C13849934
Bed+Den-2+1
Bathrooms-1
Size-500-599 sqft
Listed on site-Oct 1, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$2,010.35 (2026)
Maintenance-$676.36/mo
Locker-None
Parking-Underground
Basement-None
Heating-Fan Coil (Gas)
Brokerage-KELLER WILLIAMS PORTFOLIO REALTY
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Concrete
Roof-Unknown
Foundation-Unknown
Possession-Flexible
Neighbourhood-Bay Street Corridor
Title-Residential Condo & Other

No agent assigned

**An Affordable Opportunity In The Heart Of Downtown Toronto!** Welcome to 55 Centre Ave #2304, where downtown ownership is within reach. Located in the sought-after Bay Street Corridor, this approximately 589 sq. ft. suite offers a functional layout with hardwood floors, bright bedrooms with a large bay window, good size living area, a separate dining area, galley kitchen, 4-piece bath and in-suite laundry. Currently configured with two compact bedrooms, the flexible layout offers options to suit your needs, whether you're looking for a downtown home, a work-from-home setup or an investment opportunity. Prefer a more open feel? Remove the existing partition wall to create a more spacious one-bedroom layout. An unbeatable central location just steps to St. Patrick subway station, U of T, Toronto Metropolitan University, the Financial District, major hospitals, Chinatown, Eaton Centre, restaurants and everyday conveniences. Enjoy the best of downtown living with the freedom to make the space your own. A great opportunity for first-time buyers and investors alike!

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

Closing Costs

Mortgage Amount
$295,200
Land Transfer Taxes$4,010
Legal Fees (Est.)
$
Total cash required for closing$79,310

Total Monthly Obligation

$2,532/mo
Mortgage $1,488
Monthly Loss $2,141
Principal$392
Interest$1,097
Property Tax$168
Condo Fees$676
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.4%22
Cash-on-Cash
-6.6%2
5-Year IRR
10.8%41
10-Year IRR
11.5%
Returns Index
21.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
22/ 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
$27,972/yr
NOI
$12,648/yr
Net Cash Flow
-$434/mo
Cash Margin
-18.6%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.7110
LTV Ratio
80.0%18
Vacancy Buffer
3.8 mo65
Risk Index
31.2/ 100

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

Comparables

Properties near 55 Centre Avenue 2304

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.

Data is provided courtesy of PropTx.

The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.

Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.