21 Grand Magazine Street 2009, Toronto C01

$1,049,999
21 Grand Magazine Street 2009

$1,049,999

New
16d
Condo ApartmentApartment

21 Grand Magazine Street 2009, Toronto C01

Total Monthly Obligation $5,844

Bed+Den
3+1
Baths
2
Park
1
Sqft
1000-1199
DOM
16d
Score
15
Yield
4.1%
Cash on Cash
-10.7%
Cap Rate
2.3%
5Y IRR
7.2%
10Y IRR
8.1%
Property Type-Condo Apartment
MLS® Number-C13872438
Bed+Den-3+1
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Oct 7, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$4,596.2 (2026)
Maintenance-$1,025.64/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-RE/MAX HALLMARK REALTY LTD.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Concrete
Possession-30/60
Neighbourhood-Niagara
Title-Residential Condo & Other

No agent assigned

Welcome to elevated waterfront living at 21 Grand Magazine! Offering an impressive 1,161 sq. ft. of thoughtfully designed living space, this spacious 2+1 bedroom residence delivers the room and flexibility that's increasingly hard to find downtown - complete with unobstructed south/east-facing views toward the water and two private balconies to enjoy them from. The oversized den is a true standout - large enough to function as a full third bedroom, home office or guest space - making this an ideal option for families, professionals or anyone looking for room to grow. Bright and beautifully designed, the suite features a generous open-concept layout, contemporary finishes and expansive windows that fill the home with natural light while showcasing the open southern exposure.With two full bedrooms, an exceptionally versatile den, two balconies, plus parking AND a locker, this is downtown condo living without compromising on space, views or functionality. Set within one of Toronto's most exciting waterfront communities, enjoy incredible building amenities and a location that puts the waterfront, parks and trails, The Well, King West, Billy Bishop Airport and the downtown core all within easy reach. Over 1,100 sq. ft., flexible 3-bedroom potential, unobstructed south-facing water views, two balconies, parking and a locker - this is the kind of downtown space that's hard to come by. Come see why 21 Grand Magazine is one you won't want to miss.

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

Closing Costs

Mortgage Amount
$839,999
Land Transfer Taxes$17,475
Legal Fees (Est.)
$
Total cash required for closing$228,975

Total Monthly Obligation

$5,844/mo
Mortgage $4,235
Monthly Loss $4,730
Principal$1,115
Interest$3,121
Property Tax$383
Condo Fees$1,026
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
1.8%11
Cash-on-Cash
-14.0%0
5-Year IRR
4.7%10
10-Year IRR
6.6%
Returns Index
6.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
15/ 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
$42,696/yr
NOI
$19,123/yr
Net Cash Flow
-$2,642/mo
Cash Margin
-74.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.383
LTV Ratio
80.0%18
Vacancy Buffer
1.7 mo26
Risk Index
15.6/ 100

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

Comparables

Properties near 21 Grand Magazine Street 2009

Time

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Data last updated within the past 24 hours.