218 Queens Quay W 510, Toronto C01

$784,999
218 Queens Quay W 510

$784,999

New
4d
Condo ApartmentApartment

218 Queens Quay W 510, Toronto C01

Total Monthly Obligation $4,584

Bed+Den
2+1
Baths
2
Park
0
Sqft
800-899
DOM
4d
Score
16
Yield
4.9%
Cash on Cash
-8.4%
Cap Rate
2.8%
5Y IRR
9.0%
10Y IRR
9.5%
Property Type-Condo Apartment
MLS® Number-C14092112
Bed+Den-2+1
Bathrooms-2
Size-800-899 sqft
Listed on site-Oct 19, 2026
Style-Apartment
Building Type-Condo Apartment
Age-16-30
Taxes-$3,537.3 (2026)
Maintenance-$923.09/mo
Locker-Owned
Parking-Underground
Basement-None
Heating-Heat Pump (Electric)
Brokerage-ROYAL LEPAGE SIGNATURE REALTY
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Concrete, Metal/Steel Siding
Possession-30-60 Days - Flexible
Neighbourhood-Waterfront Communities C1
Title-Residential Condo & Other

No agent assigned

Rare & exceptional SW facing 1+1 Bedroom w/bright & versatile solarium & spacious balcony overlooking the waterfront in the 3rd & newest tower of the prestigious Waterclub III condos! Experience waterfront living at its finest in the most coveted and highly regarded tower of the renowned Waterclub III, situated in the heart of Toronto's vibrant waterfront community! This beautifully maintained 818 sq. ft. suite has been cared for by the original owners & includes 2 owned lockers on the 3rd floor. Experience incredible south-west views of the waterfront, Harbourfront Centre, Billy Bishop Airport & unforgettable sunsets from both inside & on the private balcony that seats 4. You can also enjoy NW city views of the Rogers Centre & CN tower while on the balcony! Bright, open-concept living/dining layout features engineered hardwood flooring & sleek anchored wall units that provide diverse storage options & centred TV presentation. Solarium has floor to ceiling views of the waterfront providing tons of natural light & can be used as a dining area, home office, or hobby nook. Updated kitchen offers relaxing sunset views while cooking, with stylish porcelain tiles, full-sized appliances, an island w/convenient roll-out shelving, & freshly wrapped cabinetry(Oct2026).Entire suite was prof. painted(Sept 2026) & has been thoughtfully updated over the years w/new flooring, bathroom improvements, & stylish lighting fixtures.Primary bedroom easily fits a king-sized bed & has remote-controlled dimmer lighting.Den is ideal as a home office or other bedroom w/ double doors & additional anchored storage units.This 3rd tower has their own dedicated 24-hr concierge(accepts deliveries)& TTC service at your doorstep!Amenities incl. in/outdoor pool,gym,sauna, billiards room,BBQ area,lounge,guest suites,party/mtg rooms,bike storage.Walk to Love Park,Union Stn, Scotiabank Arena,Rogers Centre,Sugar Beach, Steam Whistle Pk, Island Ferry Docks, restaurants, cafes & the Martin Goodman Trail!

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

Mortgage Amount
$627,999
Land Transfer Taxes$12,175
Legal Fees (Est.)
$
Total cash required for closing$170,675

Total Monthly Obligation

$4,584/mo
Mortgage $3,166
Monthly Loss $3,751
Principal$833
Interest$2,333
Property Tax$295
Condo Fees$923
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.2%13
Cash-on-Cash
-12.2%0
5-Year IRR
6.2%15
10-Year IRR
7.8%
Returns Index
8.7/ 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
$38,232/yr
NOI
$17,394/yr
Net Cash Flow
-$1,717/mo
Cash Margin
-53.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.464
LTV Ratio
80.0%18
Vacancy Buffer
2.1 mo33
Risk Index
18.4/ 100

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

Comparables

Properties near 218 Queens Quay W 510

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