2 Gladstone Avenue 308, Toronto C01

$519,000
2 Gladstone Avenue 308

$519,000

New
7d
Condo ApartmentApartment

2 Gladstone Avenue 308, Toronto C01

Total Monthly Obligation $3,154

Beds
1
Baths
1
Park
0
Sqft
500-599
DOM
7d
Score
17
Yield
5.3%
Cash on Cash
-7.1%
Cap Rate
3.1%
5Y IRR
10.0%
10Y IRR
10.2%
Property Type-Condo Apartment
MLS® Number-C14085224
Beds-1
Bathrooms-1
Size-500-599 sqft
Listed on site-Oct 16, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$2,639 (2025)
Maintenance-$641/mo
Locker-None
Parking-Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-Royal LePage Our Neighbourhood Realty
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick
Possession-Immediate
Neighbourhood-Little Portugal
Title-Residential Condo & Other

No agent assigned

A rare urban retreat with unmatched private outdoor living. This 1-bedroom, 550 sq.ft. unit has been refreshed with new floors and paint throughout and is move in ready. It has an exceptional 400 sq.ft. private rooftop terrace with unobstructed eastern views over the historic Gladstone Hotel to the downtown Toronto skyline and the CN Tower. Rooftop dining and entertaining are made easy with a gas line for a barbecue and an indoor prep kitchen and bathroom just beside. This 3rd-floor unit offers lots of natural light with floor-to-ceiling windows, providing privacy and an unimpeded southern views overlooking lush trees. It has soaring 9-ft exposed concrete ceilings, a modern kitchen with built-in appliances and open-concept living. This Boutique building is pet-friendly, community-focused, and has a low turnover. It is perfectly located in the heart of West Queen West, voted the coolest neighbourhood in the world - steps to the Drake Hotel, top-rated restaurants, shops, galleries, cafes, and TTC transit. Perfect for those who enjoy being within walking distance of everything you can need, with a Metro grocery store at the base of the building, a Freshco across the street, Rexall and Shoppers Drug Mart just a 5 minute walk away, and a quick 5-minute drive to the Gardiner Highway and Lakeshore Boulevard. A one-of-a-kind terrace lifestyle in one of Toronto's most creative and connected neighbourhoods.

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

Closing Costs

Mortgage Amount
$415,200
Land Transfer Taxes$6,855
Legal Fees (Est.)
$
Total cash required for closing$112,155

Total Monthly Obligation

$3,154/mo
Mortgage $2,094
Monthly Loss $2,604
Principal$551
Interest$1,543
Property Tax$220
Condo Fees$641
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.3%14
Cash-on-Cash
-11.6%0
5-Year IRR
6.7%17
10-Year IRR
8.2%
Returns Index
9.7/ 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
$27,648/yr
NOI
$12,152/yr
Net Cash Flow
-$1,081/mo
Cash Margin
-46.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.484
LTV Ratio
80.0%18
Vacancy Buffer
3.1 mo51
Risk Index
24.6/ 100

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

Comparables

Properties near 2 Gladstone Avenue 308

Time

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