260 Heath Street W 307, Toronto C03

$1,095,000
260 Heath Street W 307

$1,095,000

New
4d
Condo ApartmentApartment

260 Heath Street W 307, Toronto C03

Total Monthly Obligation $6,860

Beds
3
Baths
2
Park
1
Sqft
1200-1399
DOM
4d
Score
18
Yield
6.6%
Cash on Cash
-3.1%
Cap Rate
3.9%
5Y IRR
13.1%
10Y IRR
12.7%
Property Type-Condo Apartment
MLS® Number-C14094956
Beds-3
Bathrooms-2
Size-1200-1399 sqft
Listed on site-Oct 19, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$4,903.12 (2026)
Maintenance-$1,834.81/mo
Locker-Exclusive
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-SOTHEBY'S INTERNATIONAL REALTY CANADA
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick
Possession-Immediate/TBA
Neighbourhood-Forest Hill South
Title-Residential Condo & Other

No agent assigned

Discover an exceptional opportunity at Village Terraces, a beloved Forest Hill residence celebrated for its distinctive architecture, wonderful sense of community and unbeatable midtown location! This expansive southwest-facing 3-bedroom, 2-bathroom suite offers approximately 1,363 sq. ft. of beautifully proportioned living space, plus a 106 sq. ft. balcony overlooking the city. A welcoming foyer introduces an impressive living room with a walkout to the balcony, perfect for enjoying fresh air and city views. The generously sized separate dining room is ideal for entertaining, while the adjoining kitchen offers ample cabinetry and workspace. An excellent floor plan provides a wonderful balance of spacious principal rooms and private bedroom retreats. The oversized primary bedroom features generous closet space and a private 4-piece ensuite. Two additional bedrooms offer versatility for family, guests or a home office, complemented by a second 4-piece bathroom. Ensuite laundry, underground parking and an exclusive-use locker complete this inviting home. Village Terraces is renowned for its striking red brick architecture, signature rounded balconies and exceptional lifestyle amenities, including a 24-hour concierge, outdoor swimming pool, exercise room, party room, community BBQ area and visitor parking. Maintenance fees include heat, hydro, water, central air conditioning, cable TV and parking. The location is simply outstanding! Enjoy Cedarvale Ravine's scenic trails, the charm of Forest Hill Village, neighbourhood cafés, shops and restaurants, all just steps from your door. St. Clair West subway station, parks and places of worship are also within easy reach. A rare opportunity to enjoy generous living space, an established community and the very best of Forest Hill living! Note: Non-smoking building.

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

Closing Costs

Mortgage Amount
$876,000
Land Transfer Taxes$18,375
Legal Fees (Est.)
$
Total cash required for closing$238,875

Total Monthly Obligation

$6,860/mo
Mortgage $4,417
Monthly Loss $5,698
Principal$1,162
Interest$3,255
Property Tax$409
Condo Fees$1,835
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.3%21
Cash-on-Cash
-7.2%1
5-Year IRR
10.2%37
10-Year IRR
10.9%
Returns Index
19.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 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
$72,624/yr
NOI
$36,041/yr
Net Cash Flow
-$1,414/mo
Cash Margin
-23.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.689
LTV Ratio
80.0%18
Vacancy Buffer
1.4 mo22
Risk Index
16.4/ 100

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

Comparables

Properties near 260 Heath Street W 307

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.

Data is provided courtesy of PropTx.

The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.

Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.