423 Avenue Road 8, Toronto C02

$1,249,000
423 Avenue Road 8

$1,249,000

New
15d
Condo ApartmentApartment

423 Avenue Road 8, Toronto C02

Total Monthly Obligation $8,693

Beds
2
Baths
2
Park
1
Sqft
1800-1999
DOM
15d
Score
17
Yield
7.3%
Cash on Cash
-4.0%
Cap Rate
3.7%
5Y IRR
12.4%
10Y IRR
12.1%
Property Type-Condo Apartment
MLS® Number-C13877116
Beds-2
Bathrooms-2
Size-1800-1999 sqft
Listed on site-Oct 8, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$6,069.43 (2026)
Maintenance-$2,949/mo
Locker-Exclusive
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE REAL ESTATE SERVICES OXLEY REAL ESTAT
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Exterior-Concrete
Possession-TBD
Neighbourhood-Yonge-St. Clair
Title-Residential Condo & Other

No agent assigned

Discreet full-floor living with exceptional skyline views. One of just fourteen residences at 423 Avenue Road, Suite 8 offers an intimate boutique setting in Toronto's sought-after Summerhill neighbourhood. Direct elevator access opens to a gracious foyer, introducing light-filled interiors defined by generous proportions, thoughtful design and refined contemporary finishes.Spanning the length of the building, the open-concept living, dining, kitchen and solarium spaces create an inviting setting for quiet evenings and entertaining alike. Oversized windows frame Toronto's iconic skyline, while wide-plank hardwood, an EcoSmart fireplace and custom built-ins lend warmth and character. The beautifully appointed kitchen pairs distinctive cabinetry and Caesarstone surfaces with integrated Miele appliances. A nine-foot island anchors the space, offering ample room for casual dining and conversation.The spacious primary retreat accommodates a king-sized bed and sitting area, complemented by two walk-in closets and a five-piece ensuite. A versatile second bedroom/den features a built-in Murphy bed and custom storage, with an adjoining three-piece ensuite and generous walk-in shower. Bathed in natural light, the solarium offers heated floors and an ideal setting for a home office or a peaceful place to unwind.Thoughtfully integrated storage, pocket doors and ensuite laundry enhance everyday comfort, while an underground parking space and storage locker offer added convenience. An elegant city residence-a private sanctuary with Toronto's gorgeous skyline as its backdrop.

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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$999,200
Land Transfer Taxes$21,455
Legal Fees (Est.)
$
Total cash required for closing$272,755

Total Monthly Obligation

$8,693/mo
Mortgage $5,038
Monthly Loss $7,367
Principal$1,326
Interest$3,712
Property Tax$506
Condo Fees$2,949
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.1%19
Cash-on-Cash
-8.2%1
5-Year IRR
9.5%32
10-Year IRR
10.5%
Returns Index
17.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 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
$91,416/yr
NOI
$38,417/yr
Net Cash Flow
-$1,837/mo
Cash Margin
-24.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.648
LTV Ratio
80.0%18
Vacancy Buffer
1.1 mo18
Risk Index
14.7/ 100

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

Comparables

Properties near 423 Avenue Road 8

Time

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Data last updated within the past 24 hours.