2 Covington Road 1004, Toronto C04

$579,900
2 Covington Road 1004

$579,900

New
7d
Condo ApartmentApartment

2 Covington Road 1004, Toronto C04

Total Monthly Obligation $3,762

Beds
2
Baths
2
Park
1
Sqft
1000-1199
DOM
7d
Score
24
Yield
8.1%
Cash on Cash
2.8%
Cap Rate
5.2%
5Y IRR
17.8%
10Y IRR
16.5%
Property Type-Condo Apartment
MLS® Number-C14088742
Beds-2
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Oct 16, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$2,614.87 (2026)
Maintenance-$1,004.47/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-SUTTON GROUP-ADMIRAL REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Concrete
Possession-Flexible
Neighbourhood-Englemount-Lawrence
Title-Residential Condo & Other

No agent assigned

Unobstructed Southwest Views. Generous Space. Endless Potential. First time offered by original owner! Bright, spacious and filled with natural light, this meticulously maintained corner suite offers 2 generous bedrooms, 2 full bathrooms and unobstructed southwest views of the Toronto skyline and CN Tower. Wraparound windows in the living and dining areas take full advantage of the exposure, filling the space with natural light, while the open balcony offers the perfect spot to enjoy the view, with recently sealed flooring. The functional galley kitchen offers plenty of counter and storage space, along with a separate eat-in breakfast area. The spacious primary suite features custom built-ins for additional storage, his and hers closets and a 4-piece ensuite with a soaker tub and separate glass-enclosed shower. The main bathroom features an oversized walk-in double shower with glass enclosure. Includes one underground parking space ideally located on P1 near the elevator, plus a coveted storage locker. Enjoy the comfort of a quiet, well-managed building with concierge/security, outdoor pool, exercise room, sauna, guest suites, party room and community BBQ area. An exceptionally convenient location just steps to shopping, dining, transit, schools, parks, synagogues and everyday essentials, with Yorkdale Shopping Centre, Costco and Hwy 401 only minutes away. A spacious, light-filled corner suite with incredible views, a fantastic location and tremendous potential to create a home that truly feels like your own. Don't miss this opportunity! *Maintenance fees include high-speed internet, cable TV and water.* (Some photos have been virtually rendered to illustrate potential).

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

Closing Costs

Mortgage Amount
$463,920
Land Transfer Taxes$8,073
Legal Fees (Est.)
$
Total cash required for closing$125,553

Total Monthly Obligation

$3,762/mo
Mortgage $2,339
Monthly Loss $3,146
Principal$616
Interest$1,724
Property Tax$218
Condo Fees$1,004
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
4.3%30
Cash-on-Cash
-2.4%4
5-Year IRR
14.0%65
10-Year IRR
14.0%
Returns Index
33.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
24/ 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
$46,800/yr
NOI
$25,051/yr
Net Cash Flow
-$252/mo
Cash Margin
-6.4%1
Cash Flow Index
1.4/ 100
Risk Profile
Weight: 20%
DSCR
0.8919
LTV Ratio
80.0%18
Vacancy Buffer
2.5 mo41
Risk Index
26.1/ 100

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

Comparables

Properties near 2 Covington Road 1004

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.