230 Queens Quay W 1515, Toronto C01

$1,230,000
230 Queens Quay W 1515

$1,230,000

New
4d
Condo ApartmentApartment

230 Queens Quay W 1515, Toronto C01

Total Monthly Obligation $6,452

Beds
2
Baths
2
Park
1
Sqft
900-999
DOM
4d
Score
15
Yield
3.7%
Cash on Cash
-10.8%
Cap Rate
2.3%
5Y IRR
7.1%
10Y IRR
8.0%
Property Type-Condo Apartment
MLS® Number-C14098672
Beds-2
Bathrooms-2
Size-900-999 sqft
Listed on site-Oct 19, 2026
Style-Apartment
Building Type-Condo Apartment
Age-16-30
Taxes-$4,438 (2026)
Maintenance-$921/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Heat Pump (Electric)
Brokerage-ON THE BLOCK
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Concrete, Other
Possession-1-29 days
Neighbourhood-Waterfront Communities C1
Title-Residential Condo & Other

No agent assigned

Experience an exceptional blend of space, style, and waterfront living in this recently renovated 2-bedroom, 2-bathroom suite, offering approximately 980 sq.ft. of interior living space, plus an incredible rare offering of a private terrace spaning nover 500 sq.ft. Enjoy breathtaking panoramic South East and North views, showcasing the iconic CN Tower, Rogers Centre, Lake Ontario, and the surrounding downtown skyline. Thoughtfully refreshed with new flooring, fresh paint, and kitchen updates, this residence offers a move-in-ready feel in one of downtown Toronto's most desirable waterfront locations. Enjoy the convenience of being just steps from Union Station, Rogers Centre, Harbourfront, waterfront trails, restaurants, cafés, transit, and countless downtown amenities. Whether you're enjoying your morning coffee overlooking the water, entertaining guests on your expansive private terrace, or taking advantage of everything the city has to offer, this home delivers a lifestyle that is increasingly difficult to find. Complete with 1 secured underground parking space and 1 storage locker. The standout feature is undoubtedly the extraordinary outdoor space, with over 500 sq. ft. of private terrace and sweeping views in multiple directions. From the waterfront and Lake Ontario to the CN Tower + Skydome and the Northern City Skyline. The views create an incredible backdrop for relaxing, entertaining, and enjoying Toronto from a different perspective. Photos simply cannot capture the full experience this is a property that truly deserves to be seen in person.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$984,000
Land Transfer Taxes$21,075
Legal Fees (Est.)
$
Total cash required for closing$268,575

Total Monthly Obligation

$6,452/mo
Mortgage $4,961
Monthly Loss $5,147
Principal$1,306
Interest$3,656
Property Tax$370
Condo Fees$921
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
1.9%11
Cash-on-Cash
-13.9%0
5-Year IRR
4.8%10
10-Year IRR
6.6%
Returns Index
6.5/ 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
$45,240/yr
NOI
$22,826/yr
Net Cash Flow
-$3,059/mo
Cash Margin
-81.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.383
LTV Ratio
80.0%18
Vacancy Buffer
1.5 mo23
Risk Index
14.8/ 100

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

Comparables

Properties near 230 Queens Quay W 1515

Time

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Data last updated within the past 24 hours.