8 The Esplanade 1605, Toronto C08

$659,000
8 The Esplanade 1605

$659,000

New
10d
Condo ApartmentApartment

8 The Esplanade 1605, Toronto C08

Total Monthly Obligation $4,052

Bed+Den
2+1
Baths
2
Park
0
Sqft
800-899
DOM
10d
Score
16
Yield
5.2%
Cash on Cash
-8.3%
Cap Rate
2.8%
5Y IRR
9.1%
10Y IRR
9.5%
Property Type-Condo Apartment
MLS® Number-C14031278
Bed+Den-2+1
Bathrooms-2
Size-800-899 sqft
Listed on site-Oct 13, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$4,258.58 (2026)
Maintenance-$838.64/mo
Locker-Owned
Parking-None
Basement-None
Heating-Forced Air (Gas)
Brokerage-CENTURY 21 ATRIA REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Concrete
Possession-Immediate
Neighbourhood-Waterfront Communities C8
Title-Residential Condo & Other

No agent assigned

Location. Space. Light. Views. This exceptional 1+den corner unit at The L Tower delivers all four - with 840 sq. ft. of thoughtfully designed living space, an impressive size for a downtown Toronto condo. Floor-to-ceiling windows throughout fill the living space with an abundance of natural light while capturing panoramic city views from multiple exposures. The spacious bedroom features a private ensuite, while the generously sized den is ideal for a dedicated home office - perfect for today's working professional. The functional layout features a gourmet corner kitchen with plenty of counter space and ample storage, seamlessly connecting to the living area to create a practical and inviting space for both everyday living and entertaining. Enjoy quality finishes throughout, including rich engineered hardwood flooring, upgraded countertops and premium Miele stainless steel appliances. Set in one of downtown Toronto's most sought-after locations, you're steps from the waterfront, Union Station, the PATH, St. Lawrence Market, restaurants, cafés, entertainment and transit. A rare opportunity to enjoy the space of a larger home with the convenience and energy of downtown living. Residents of The L Tower enjoy exceptional amenities, including 24-hour concierge service, an indoor pool, state-of-the-art fitness facilities, sauna. One storage locker is also included. A true standout: exceptional size, corner exposure, spectacular views and an unbeatable location.

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

Closing Costs

Mortgage Amount
$527,200
Land Transfer Taxes$9,655
Legal Fees (Est.)
$
Total cash required for closing$142,955

Total Monthly Obligation

$4,052/mo
Mortgage $2,658
Monthly Loss $3,352
Principal$700
Interest$1,959
Property Tax$355
Condo Fees$839
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.2%13
Cash-on-Cash
-12.5%0
5-Year IRR
6.1%14
10-Year IRR
7.7%
Returns Index
8.5/ 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
$34,404/yr
NOI
$14,241/yr
Net Cash Flow
-$1,471/mo
Cash Margin
-51.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.454
LTV Ratio
80.0%18
Vacancy Buffer
2.4 mo38
Risk Index
20.0/ 100

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

Comparables

Properties near 8 The Esplanade 1605

Time

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Data last updated within the past 24 hours.