121 Mcmahon Drive 2608, Toronto C15

$650,000
121 Mcmahon Drive 2608

$650,000

New
14d
Condo ApartmentApartment

121 Mcmahon Drive 2608, Toronto C15

Total Monthly Obligation $3,933

Beds
2
Baths
2
Park
1
Sqft
900-999
DOM
14d
Score
17
Yield
5.6%
Cash on Cash
-6.0%
Cap Rate
3.3%
5Y IRR
10.8%
10Y IRR
10.9%
Property Type-Condo Apartment
MLS® Number-C13883142
Beds-2
Bathrooms-2
Size-900-999 sqft
Listed on site-Oct 9, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$3,314.78 (2026)
Maintenance-$834.53/mo
Locker-Ensuite
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-DREAM HOME REALTY INC.
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Concrete
Possession-vacant
Neighbourhood-Bayview Village
Title-Residential Condo & Other

No agent assigned

Beautiful Southeast-Facing Corner Suite With Unobstructed Panoramic Views! Enjoy Approximately 928 Sq.Ft. Of Bright, Well-Designed Interior Living Space Plus An Impressive 133 Sq.Ft. Private Balcony. This Spacious 2-Bedroom Corner Suite Features An Inviting Open-Concept Living And Dining Area, 9-Ft. Floor-To-Ceiling Windows, A Modern Kitchen, And Generous Ensuite Storage. Step Outside To The Expansive Balcony To Enjoy Your Morning Coffee, Unwind After A Long Day, Or Simply Take In The Breathtaking Views. One Owned Parking Space Included.Enjoy Resort-Style Building Amenities Including 24-Hour Concierge, Fully Equipped Fitness Centre, Steam Room, Sauna, Outdoor Hot Tubs And Jacuzzi. A Private Shuttle Bus Provides Added Convenience For Residents. Ideally Located Close To Subway And GO Transit, Toronto Public Library, North York General Hospital, IKEA, Hwy 401, Hwy 404 And The DVP, Making Commuting And Everyday Living A Breeze.An Excellent Opportunity For First-Time Buyers And Investors Alike, Offering A Spacious 2-Bedroom Layout, Owned Parking, Excellent Transit Access And A Full Range Of Building Amenities. A Rare Corner Suite That Truly Combines Space, Privacy, Outdoor Living And Convenience - A Wonderful Place To Call Home.

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

Closing Costs

Mortgage Amount
$520,000
Land Transfer Taxes$9,475
Legal Fees (Est.)
$
Total cash required for closing$140,975

Total Monthly Obligation

$3,933/mo
Mortgage $2,622
Monthly Loss $3,243
Principal$690
Interest$1,932
Property Tax$276
Condo Fees$835
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.6%16
Cash-on-Cash
-10.3%1
5-Year IRR
7.7%22
10-Year IRR
9.0%
Returns Index
12.0/ 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
$36,420/yr
NOI
$17,049/yr
Net Cash Flow
-$1,201/mo
Cash Margin
-39.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.546
LTV Ratio
80.0%18
Vacancy Buffer
2.4 mo39
Risk Index
21.0/ 100

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

Comparables

Properties near 121 Mcmahon Drive 2608

Time

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