1797 Queen Street E 404, Toronto E02

$958,800
1797 Queen Street E 404

$958,800

New
17d
Condo ApartmentApartment

1797 Queen Street E 404, Toronto E02

Total Monthly Obligation $5,486

Beds
2
Baths
2
Park
26
Sqft
900-999
DOM
17d
Score
15
Yield
4.3%
Cash on Cash
-10.4%
Cap Rate
2.4%
5Y IRR
7.5%
10Y IRR
8.3%
Property Type-Condo Apartment
MLS® Number-E13868210
Beds-2
Bathrooms-2
Size-900-999 sqft
Listed on site-Oct 6, 2026
Style-Apartment
Building Type-Condo Apartment
Age-0-5
Taxes-$4,051.4 (2026)
Maintenance-$1,081.01/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Heat Pump (Gas)
Brokerage-RE/MAX HALLMARK REALTY LTD.
Cooling-Central Air
Laundry-Yes
Fireplace-Yes
Pool-None
Exterior-Brick
Possession-Flexible
Neighbourhood-The Beaches
Title-Residential Condo & Other

No agent assigned

Spread over 987 thoughtfully laid out square feet of space on the top floor of 1797 Queen Street East, Suite 404 is exactly what you have been waiting for. The space is warm and bright, highlighted by exposure on two sides with large windows that let all the light in. A gas fireplace anchors the living space giving you a chance to warm up after polar bear dips in the lake, which is just an 8 minute walk away. Each room of #404 has been beautifully updated with modern and inviting finishes, from the new floors, to the fresh countertops and appliances, culminating in the beautifully renewed washrooms. The building itself has a great community and with only 48 units, you could probably learn the name of every neighbour if you wished. Location is always a huge factor in every home search and this condo is in the perfect location with the lake at the bottom of your street and the Beach neighbourhood as well as the bustling shops of Queen Street at your doorstep. Groceries? A block away at Brunos! Need coffee? Across the street! Pilates, Yoga, Gym? All within two blocks! Need to commute to the office? You have the Lake Shore around the corner for a quick drive in and you have Queen Streetcars in front of the building. It's all here and it's completely ready for you to move-in right away. Parking and locker included. There's also plenty of visitor parking within the building. Come have a look for yourself!

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

Closing Costs

Mortgage Amount
$767,040
Land Transfer Taxes$15,651
Legal Fees (Est.)
$
Total cash required for closing$208,911

Total Monthly Obligation

$5,486/mo
Mortgage $3,868
Monthly Loss $4,468
Principal$1,018
Interest$2,850
Property Tax$338
Condo Fees$1,081
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
1.9%11
Cash-on-Cash
-13.8%0
5-Year IRR
4.9%11
10-Year IRR
6.8%
Returns Index
6.6/ 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
$41,472/yr
NOI
$17,901/yr
Net Cash Flow
-$2,376/mo
Cash Margin
-68.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.393
LTV Ratio
80.0%18
Vacancy Buffer
1.8 mo27
Risk Index
16.2/ 100

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

Comparables

Properties near 1797 Queen Street E 404

Time

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Data last updated within the past 24 hours.