23 Lorraine Drive 1706, Toronto C07

$798,000
23 Lorraine Drive 1706

$798,000

New
17d
Condo ApartmentApartment

23 Lorraine Drive 1706, Toronto C07

Total Monthly Obligation $4,621

Bed+Den
4+1
Baths
2
Park
1
Sqft
1000-1199
DOM
17d
Score
16
Yield
5.1%
Cash on Cash
-7.3%
Cap Rate
3.0%
5Y IRR
9.8%
10Y IRR
10.1%
Property Type-Condo Apartment
MLS® Number-C13866318
Bed+Den-4+1
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Oct 6, 2026
Style-Apartment
Building Type-Condo Apartment
Age-16-30
Taxes-$3,667.65 (2026)
Maintenance-$896.18/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-SUTTON GROUP-ASSOCIATES REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Concrete
Possession-flexible
Neighbourhood-Willowdale West
Title-Residential Condo & Other

No agent assigned

3 bed + open plan den, 2 full WCs, 1148 SQFT, parking, locker and stunning unobstructed panoramic west views from every room. Rarely do you step inside the perfect condo featuring everything you want and need. Unit 1706 has the highly desired perfect layout, having been lovingly renovated and maintained to impeccable condition by the owner occupier. Natural light floods every room with unobstructed breathtaking west views overlooking lush Willowdale. Kitchen is well laid out for efficiency, the living/dining room is perfect for all extended family gatherings, and it features a split bedroom floor plan with no wasted space. The suite features many updates throughout, including wood flooring (no carpets), removal of popcorn ceiling, kitchen backsplash and tiles, a full bathroom renovation, and new light fixtures throughout. A rare and special opportunity that won't last. Only a handful of sales of this unique unit layout have occurred in the last 10 years which is not surprising. Also, Symphony Square is a reputable well managed building with low turnover, extremely low inclusive maintenance fees and a healthy reserve.There is an abundance of amenities including a 24 hour concierge, visitor parking inside and out, library, billiards, indoor pool, sauna, gym, guest suites, and on site management. The building has a great community enhanced by an established long term management and concierge team. It is conveniently located only a three-minute walk to a 3.5-hectare park, tennis courts, children's playground and the Finch TTC subway/bus terminal. With grocery, shopping, entertainment, leisure, transit and huge green spaces all on your doorstep, can you think of a "reason not to" make this your next home? parking P2 # 120 ( unit 122 level B) locker P2 #44 (unit 213 level B) open house sunday 11 oct 12-3

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(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$638,400
Land Transfer Taxes$12,435
Legal Fees (Est.)
$
Total cash required for closing$173,535

Total Monthly Obligation

$4,621/mo
Mortgage $3,219
Monthly Loss $3,774
Principal$847
Interest$2,372
Property Tax$306
Condo Fees$896
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.4%14
Cash-on-Cash
-11.2%1
5-Year IRR
7.0%18
10-Year IRR
8.4%
Returns Index
10.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 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
$40,332/yr
NOI
$19,477/yr
Net Cash Flow
-$1,596/mo
Cash Margin
-47.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.505
LTV Ratio
80.0%18
Vacancy Buffer
2.1 mo33
Risk Index
18.5/ 100

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

Comparables

Properties near 23 Lorraine Drive 1706

Time

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