23 Lorraine Drive 610, Toronto C07

$439,900
23 Lorraine Drive 610

$439,900

Price Change
21d
Condo ApartmentApartment

23 Lorraine Drive 610, Toronto C07

Total Monthly Obligation $2,674

Bed+Den
2+1
Baths
1
Park
1
Sqft
600-699
DOM
21d
Score
21
Yield
6.5%
Cash on Cash
-1.3%
Cap Rate
4.3%
5Y IRR
14.5%
10Y IRR
13.8%
Property Type-Condo Apartment
MLS® Number-C13856836
Bed+Den-2+1
Bathrooms-1
Size-600-699 sqft
Listed on site-Oct 2, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$2,156.14 (2026)
Maintenance-$519.99/mo
Locker-Owned
Parking-1 - Underground
Basement-Other
Heating-Fan Coil (Gas)
Brokerage-CHESTNUT PARK REAL ESTATE LIMITED
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Concrete
Possession-Flexible
Neighbourhood-Willowdale West
Title-Residential Condo & Other

No agent assigned

Large, well-maintained, bright one-bedroom plus den with balcony, ensuite laundry, and owned parking and locker! Low maintenance fees of $519.99 at $0.86 per foot, which include all your utilities. Prime location at Yonge & Finch, steps to the Finch subway and the abundance of convenient services and amenities along Yonge St. Short drive to the Hwy 401, Hwy 404/DVP and Hwy 407. Enjoy the amazing building amenities, including a 24-hour concierge, a large modern gym, a large swimming pool, a sauna in each change room, a large party room, a billiard room, and guest suites. The fabulous floor plan features 9-foot ceilings, a large open-concept kitchen with newer full-sized appliances, plenty of cabinet and counter space, a double sink with sprayer, a backsplash, and a breakfast bar. The spacious living room, dining room, and den offer plenty of wall space for large furniture, room for your home office, and a walk-out to the west-facing covered balcony, which offers bright afternoon and evening natural light and beautiful sunsets. The king-sized bedroom includes a large double mirrored closet, an additional closet/linen closet and new window coverings. 4-Piece bathroom with a deep tub and upgraded light fixture and shower head. The foyer includes a double-door mirrored closet. Upgraded light fixtures throughout. Recently painted. Very well-managed building with a strong financial position, including a $5,000,000 reserve fund (approx.), with on-site property management. Move right in and enjoy the fabulous North York location! Virtually staged; the property is vacant.

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

Closing Costs

Mortgage Amount
$351,920
Land Transfer Taxes$5,273
Legal Fees (Est.)
$
Total cash required for closing$94,753

Total Monthly Obligation

$2,674/mo
Mortgage $1,774
Monthly Loss $2,207
Principal$467
Interest$1,307
Property Tax$180
Condo Fees$520
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.4%22
Cash-on-Cash
-6.5%2
5-Year IRR
10.7%40
10-Year IRR
11.3%
Returns Index
21.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
21/ 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
$28,800/yr
NOI
$15,124/yr
Net Cash Flow
-$514/mo
Cash Margin
-21.4%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.7110
LTV Ratio
80.0%18
Vacancy Buffer
3.6 mo61
Risk Index
30.0/ 100

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

Comparables

Properties near 23 Lorraine Drive 610

Time

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