88 Queen Street E 1602, Toronto C08

$599,900
88 Queen Street E 1602

$599,900

New
15d
Condo ApartmentApartment

88 Queen Street E 1602, Toronto C08

Total Monthly Obligation $3,172

Beds
2
Baths
2
Park
0
Sqft
700-799
DOM
15d
Score
22
Yield
6.0%
Cash on Cash
0.0%
Cap Rate
4.6%
5Y IRR
15.6%
10Y IRR
14.6%
Property Type-Condo Apartment
MLS® Number-C13876458
Beds-2
Bathrooms-2
Size-700-799 sqft
Listed on site-Oct 8, 2026
Style-Apartment
Building Type-Condo Apartment
Maintenance-$551.74/mo
Locker-None
Parking-Underground
Basement-None
Heating-Fan Coil (Gas)
Brokerage-CENTURY 21 LEADING EDGE REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Concrete, Other
Possession-Immediate
Neighbourhood-Church-Yonge Corridor
Title-Residential Condo & Other

No agent assigned

Experience luxury living at the stunning 88 Queen Residences with a walk score of 100! This bright and spacious 2- bedroom, 2-bath corner suite offers (714 SF +134 SF Balcony, Total: 848 SF) a functional layout (split bedrooms) with 9-foot smooth ceilings, quality wood flooring, and floor-to- ceiling windows that fill the space with natural light. The modern kitchen features integrated stainless steel appliances, porcelain countertops and backsplash, a built-in cooktop, oven, microwave, and under-cabinet lighting. The open-concept living and dining area is perfect for entertaining or relaxing with panoramic city views. Both bedrooms are well-sized with generous closets and windows. The primary suite includes a spa-inspired ensuite with a glass shower enclosure, elegant custom vanity, and porcelain tile finishes. Additional features include in- suite laundry, individual climate control with heat and A/C, and a 24-hour concierge with secure access and a personal intrusion alarm system. Enjoy exceptional building amenities and an unbeatable downtown location steps to Queen Subway Station, Eaton Centre, Toronto Metropolitan University, St. Lawrence Market, and the Financial District. Building Amenities: 24-Hr Concierge, State-Of-The-Art Fitness Centre & Yoga Studio, Co-Working Lounge & Business Centre, Private Dining Room & Party Room, Theatre / Screening Room, Rooftop Infinity Pool With Cabanas & BBQ Area, Outdoor Terrace With Fireplaces & Lounge Seating, Guest Suites, Bike Storage & EV Charging Stations.

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

Closing Costs

Mortgage Amount
$479,920
Land Transfer Taxes$8,473
Legal Fees (Est.)
$
Total cash required for closing$129,953

Total Monthly Obligation

$3,172/mo
Mortgage $2,420
Monthly Loss $2,535
Principal$637
Interest$1,783
Condo Fees$552
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.9%26
Cash-on-Cash
-4.5%3
5-Year IRR
12.1%51
10-Year IRR
12.3%
Returns Index
26.4/ 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
$35,796/yr
NOI
$23,196/yr
Net Cash Flow
-$487/mo
Cash Margin
-16.3%0
Cash Flow Index
0.2/ 100
Risk Profile
Weight: 20%
DSCR
0.8014
LTV Ratio
80.0%18
Vacancy Buffer
3.0 mo50
Risk Index
27.5/ 100

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

Comparables

Properties near 88 Queen Street E 1602

Time

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Data last updated within the past 24 hours.