39 Shank Street 308, Toronto C01

$999,900
39 Shank Street 308

$999,900

New
4d
Condo Townhouse2-Storey

39 Shank Street 308, Toronto C01

Total Monthly Obligation $5,379

Beds
2
Baths
2
Park
1
Sqft
900-999
DOM
4d
Score
15
Yield
3.8%
Cash on Cash
-10.7%
Cap Rate
2.3%
5Y IRR
7.2%
10Y IRR
8.1%
Property Type-Condo Townhouse
MLS® Number-C14095260
Beds-2
Bathrooms-2
Size-900-999 sqft
Listed on site-Oct 19, 2026
Style-2-Storey
Building Type-Condo Townhouse
Age-16-30
Taxes-$4,051.4 (2026)
Maintenance-$808.15/mo
Locker-Exclusive
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-SOTHEBY'S INTERNATIONAL REALTY CANADA
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick
Possession-Flexible
Neighbourhood-Niagara
Title-Residential Condo & Other

No agent assigned

It's rare to walk into a condo townhome where every single square foot has been treated with this much care. Suite 308 isn't just cosmetic updates, it's a fully permitted, $200k top-to-bottom transformation designed for someone who appreciates genuine quality and smart living. Spread over two levels, the layout feels open, calm, and incredibly functional. Warm engineered oak floors run throughout the entire home, complemented by custom millwork that immediately sets it apart from your typical condo. The custom-built staircase is an absolute standout, artfully designed with seamless, hidden storage tucked underneath.The kitchen was planned for people who love to cook and entertain, anchored by a large quartz island, smart corner cabinetry, deep pull-out pantry drawers, and integrated appliances. It flows naturally into the dining and living area, which walks out to an oversized, south-facing balcony that gets fantastic natural light all afternoon. Upstairs, the primary bedroom spans the full depth of the home, featuring tailored custom wardrobes and a private four-piece ensuite. A generous second bedroom and a clean three-piecebathroom give you the flexibility you need for guests, a nursery, or a quiet work-from-homespace. Also included is an underground parking space, a storage locker, and two bike racks. Tucked into the quiet, tree-lined courtyard of Massey Square, you get neighbourhood peace with all the perks of 1000 King West amenities right next door (gym, party room, library, visitor parking).Step outside and you're seconds from Massey Harris Park, the King streetcar, and an easy walkto dinner on Ossington, coffee in Trinity Bellwoods, or shopping on Queen West. Completely move-in ready. All the hard work and heavy lifting has already been done.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$799,920
Land Transfer Taxes$16,473
Legal Fees (Est.)
$
Total cash required for closing$217,953

Total Monthly Obligation

$5,379/mo
Mortgage $4,033
Monthly Loss $4,318
Principal$1,061
Interest$2,972
Property Tax$338
Condo Fees$808
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
1.8%11
Cash-on-Cash
-14.0%0
5-Year IRR
4.8%10
10-Year IRR
6.6%
Returns Index
6.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
15/ 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
$38,388/yr
NOI
$18,400/yr
Net Cash Flow
-$2,500/mo
Cash Margin
-78.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.383
LTV Ratio
80.0%18
Vacancy Buffer
1.8 mo28
Risk Index
16.3/ 100

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

Comparables

Properties near 39 Shank Street 308

Time

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