637 Lakeshore Boulevard W 524, Toronto C01

$619,000
637 Lakeshore Boulevard W 524

$619,000

New
4d
Condo ApartmentLoft

637 Lakeshore Boulevard W 524, Toronto C01

Total Monthly Obligation $3,385

Beds
1
Baths
1
Park
0
Sqft
500-599
DOM
4d
Score
17
Yield
4.5%
Cash on Cash
-7.5%
Cap Rate
3.0%
5Y IRR
9.7%
10Y IRR
10.0%
Property Type-Condo Apartment
MLS® Number-C14096280
Beds-1
Bathrooms-1
Size-500-599 sqft
Listed on site-Oct 19, 2026
Style-Loft
Building Type-Condo Apartment
Taxes-$2,562.82 (2026)
Maintenance-$474.6/mo
Locker-Owned
Parking-Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-SKYBOUND REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Concrete
Possession-Immediately/Flexable
Neighbourhood-Niagara
Title-Residential Condo & Other

No agent assigned

Welcome home to the iconic Tip Top Lofts! This distinctive heritage building puts parks, waterfront trails and city life within easy reach, with Coronation Park, the Martin Goodman Trail, The Bentway, Exhibition Place, public transit and Billy Bishop Airport all nearby! Inside, this thoughtfully laid-out suite offers almost 600 square feet of living space, pairing soaring 13-foot exposed concrete ceilings with an expansive wall of windows, filling the space with natural light and creating an airy, open feel. The well-sized bedroom can accommodate a king-size bed and offers a generous closet with ample storage. A raised bonus area accessed by a custom bookshelf ladder overlooks the main living space, adding approximately 50 square feet and a distinctive feature rarely found in a conventional condo. Extra storage is at your fingertips with an owned locker in the building. Enjoy a large, well-equipped gym, party room, visitor parking and a grand rooftop terrace complete with seating and BBQ areas. Friendly, considerate concierge staff welcome you home, while a welcoming community of residents adds to the building's appeal. With the waterfront at your doorstep and the city close at hand, this character-filled suite at Tip Top Lofts is truly a lovely place to call home.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$495,200
Land Transfer Taxes$8,855
Legal Fees (Est.)
$
Total cash required for closing$134,155

Total Monthly Obligation

$3,385/mo
Mortgage $2,497
Monthly Loss $2,728
Principal$657
Interest$1,840
Property Tax$214
Condo Fees$475
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.4%14
Cash-on-Cash
-11.5%0
5-Year IRR
6.6%17
10-Year IRR
8.1%
Returns Index
9.6/ 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
$28,056/yr
NOI
$14,592/yr
Net Cash Flow
-$1,281/mo
Cash Margin
-54.8%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.495
LTV Ratio
80.0%18
Vacancy Buffer
2.9 mo47
Risk Index
23.3/ 100

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

Comparables

Properties near 637 Lakeshore Boulevard W 524

Time

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Data last updated within the past 24 hours.