7 Lorraine Drive 807, Toronto C07

$399,900
7 Lorraine Drive 807

$399,900

New
20d
Condo ApartmentApartment

7 Lorraine Drive 807, Toronto C07

Total Monthly Obligation $2,519

HausQ Valuation Report
Bed+Den
2+1
Baths
1
Park
1
Sqft
500-599
DOM
20d
Score
20
Yield
6.4%
Cash on Cash
-2.8%
Cap Rate
4.0%
5Y IRR
13.3%
10Y IRR
12.8%
Property Type-Condo Apartment
MLS® Number-C13858316
Bed+Den-2+1
Bathrooms-1
Size-500-599 sqft
Listed on site-Oct 3, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$2,038.58 (2025)
Maintenance-$535.88/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-PROMPTON REAL ESTATE SERVICES CORP.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick
Possession-Flexible
Neighbourhood-Willowdale West
Title-Residential Condo & Other

No agent assigned

Welcome to this bright and beautifully updated 1+Den suite at the highly sought-after 7 Lorraine Drive in the heart of North York. Featuring a functional open-concept layout with no wasted space, the suite offers updated kitchen appliances, flooring and lighting, plus a spacious living area with walk-out to a private balcony. Enjoy convenient access to Finch Subway Station, GO Transit, Metro, restaurants, cafés, parks, banks, and shops. Residents have access to excellent amenities including 24-hour concierge, indoor pool, sauna, gym, billiards, guest and party rooms, visitor parking, and bike racks. Includes an extra-large locker and owned parking space conveniently located close to the elevators. Move-in ready and enjoy the best of Yonge & Finch living! Flooring was newly replaced 3 years ago. The stove is 2 years old, and The range hood is 1 year old (It is fully automatic with motion-sensor activation and operation), The refrigerator is brand new (installed this year),

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

Closing Costs

Mortgage Amount
$319,920
Land Transfer Taxes$4,474
Legal Fees (Est.)
$
Total cash required for closing$85,954

Total Monthly Obligation

$2,519/mo
Mortgage $1,613
Monthly Loss $2,094
Principal$424
Interest$1,189
Property Tax$170
Condo Fees$536
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.1%19
Cash-on-Cash
-8.2%1
5-Year IRR
9.4%31
10-Year IRR
10.3%
Returns Index
16.8/ 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
$25,752/yr
NOI
$12,308/yr
Net Cash Flow
-$587/mo
Cash Margin
-27.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.648
LTV Ratio
80.0%18
Vacancy Buffer
3.8 mo66
Risk Index
30.6/ 100

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

Comparables

Properties near 7 Lorraine Drive 807

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.

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

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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.