88 Grangeway Avenue 1109, Toronto E09

$509,900
88 Grangeway Avenue 1109

$509,900

New
22d
Condo ApartmentApartment

88 Grangeway Avenue 1109, Toronto E09

Total Monthly Obligation $3,403

Beds
2
Baths
2
Park
1
Sqft
1000-1199
DOM
22d
Score
19
Yield
7.0%
Cash on Cash
-2.9%
Cap Rate
4.0%
5Y IRR
13.3%
10Y IRR
12.8%
Property Type-Condo Apartment
MLS® Number-E13854930
Beds-2
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Oct 1, 2026
Style-Apartment
Building Type-Condo Apartment
Age-11-15
Taxes-$2,933.4 (2026)
Maintenance-$901.55/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-CENTURY 21 LEADING EDGE REALTY INC.
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick
Possession-60 days
Neighbourhood-Woburn
Title-Residential Condo & Other

No agent assigned

Welcome to Altitude Condominiums, a residence where sophisticated urban living meets the warmth of a sun-filled home! If you've been searching for a property that balances turnkey convenience with an unbeatable location, your search ends here! This impeccably maintained and freshly painted 2 bedroom, 2 bathroom condo offers a great combination of style, light, and connectivity. Whether you're a first-time homebuyer, downsizing, or investing, this home will impress you. The centrepiece of the open-concept living area is the expansive walls of windows. With south and west exposure, they flood the space with natural light all day long making the space feel even larger. You'll love spending time on the balcony sipping your favourite beverage while watching the sun's path across the sky. The Primary Suite is a true sanctuary featuring a spacious layout, large walk-in closet, and a private ensuite bathroom. The Second Bedroom is equally bright and versatile, ideal for use as a child's bedroom, a guest suite, or a home office for the remote professional. Location is one thing you can't change about a property, and this condo is perfectly placed mere minutes away from the 401, the new Scarborough subway extension, many shops, plus the variety of stores at the Scarborough Town Centre. Lush parks and Scarborough Centennial Recreation Centre are within walking distance, providing fun options for getting some fresh air, exercising, and enjoying relaxing activities in the area. The caring, responsive management team of Altitude offers the peace of mind of a well maintained, secure building. This unit's convenience continues with an owned parking spot and locker both conveniently located near the elevator. Pride of ownership is evident in every corner of this unit and building. There is nothing left to do but move in!

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

Closing Costs

Mortgage Amount
$407,920
Land Transfer Taxes$6,673
Legal Fees (Est.)
$
Total cash required for closing$110,153

Total Monthly Obligation

$3,403/mo
Mortgage $2,057
Monthly Loss $2,862
Principal$541
Interest$1,516
Property Tax$244
Condo Fees$902
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.1%19
Cash-on-Cash
-8.0%1
5-Year IRR
9.6%33
10-Year IRR
10.5%
Returns Index
17.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$35,604/yr
NOI
$15,892/yr
Net Cash Flow
-$732/mo
Cash Margin
-24.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.648
LTV Ratio
80.0%18
Vacancy Buffer
2.8 mo46
Risk Index
24.2/ 100

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

Comparables

Properties near 88 Grangeway Avenue 1109

Time

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Data last updated within the past 24 hours.