388 Richmond Street W 519, Toronto C01

$549,900
388 Richmond Street W 519

$549,900

New
8d
Condo Apartment2-Storey

388 Richmond Street W 519, Toronto C01

Total Monthly Obligation $3,772

HausQ Valuation Report
Beds
2
Baths
2
Park
1
Sqft
1000-1199
DOM
8d
Score
23
Yield
8.4%
Cash on Cash
2.3%
Cap Rate
5.1%
5Y IRR
17.4%
10Y IRR
16.1%
Property Type-Condo Apartment
MLS® Number-C14082804
Beds-2
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Oct 15, 2026
Style-2-Storey
Building Type-Condo Apartment
Taxes-$4,162 (2025)
Maintenance-$1,006.8/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-NEST SEEKERS INTERNATIONAL REAL ESTATE
Cooling-Central Air
Laundry-Yes
Fireplace-Electric, Living Room
Pool-None
Exterior-Brick
Possession-30 Days
Neighbourhood-Waterfront Communities C1
Title-Residential Condo & Other

No agent assigned

Come one, come all! This is a renovation project you cannot afford to pass up! Where turnover is rare and demand is constant, this is a compelling opportunity to own in the highly sought-after District Lofts. Put your touch on this unique, triple-exposure, two-storey residence, seldom found in the Toronto Fashion District. Spanning just over 1,000 square feet, this loft benefits from south, west and north exposures, bringing in a dynamic quality of light that evolves throughout the day. The two-level design creates a natural rhythm between, understanding how people actually live. The main level is open, social and designed for movement while the upper level creates a more distinct sense of privacy above. Positioned in the most valuable pocket of Downtown Toronto, you are steps to King West, Queen West, acclaimed dining, sports and entertainment. A life re-imagined awaits!

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$439,920
Land Transfer Taxes$7,473
Legal Fees (Est.)
$
Total cash required for closing$118,953

Total Monthly Obligation

$3,772/mo
Mortgage $2,218
Monthly Loss $3,188
Principal$584
Interest$1,634
Property Tax$347
Condo Fees$1,007
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
4.2%28
Cash-on-Cash
-3.2%4
5-Year IRR
13.5%61
10-Year IRR
13.6%
Returns Index
31.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
23/ 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
$46,104/yr
NOI
$22,850/yr
Net Cash Flow
-$314/mo
Cash Margin
-8.2%1
Cash Flow Index
1.0/ 100
Risk Profile
Weight: 20%
DSCR
0.8617
LTV Ratio
80.0%18
Vacancy Buffer
2.5 mo41
Risk Index
25.4/ 100

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

Comparables

Properties near 388 Richmond Street W 519

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.