1470 Midland Avenue 601, Toronto E04

$499,900
1470 Midland Avenue 601

$499,900

New
8d
Condo ApartmentApartment

1470 Midland Avenue 601, Toronto E04

Total Monthly Obligation $3,181

Beds
2
Baths
2
Park
1
Sqft
900-999
DOM
8d
Score
19
Yield
6.4%
Cash on Cash
-3.8%
Cap Rate
3.8%
5Y IRR
12.5%
10Y IRR
12.2%
Property Type-Condo Apartment
MLS® Number-E14086444
Beds-2
Bathrooms-2
Size-900-999 sqft
Listed on site-Oct 15, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$1,710.91 (2026)
Maintenance-$821.8/mo
Locker-None
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-RE/MAX ULTIMATE REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Concrete
Possession-FLEX
Neighbourhood-Dorset Park
Title-Residential Condo & Other

No agent assigned

Welcome To Suite 601 At Scarborough Fair, Where Natural Light, A Functional Layout And Everyday Convenience Come Together. This Two-Bedroom, Two-Bathroom Corner Suite Features An Open-Concept Living And Dining Area Framed By Expansive Windows, Creating A Bright, Inviting Setting For Relaxing Or Entertaining. Dark-Toned Flooring And Neutral Walls Offer A Versatile Backdrop For Your Personal Style. The Kitchen Pairs White Cabinetry, Contrasting Countertops And A Hexagon-Tile Backsplash With Stainless Steel Appliances And A Convenient Pass-Through To The Dining Area. A Window-Lined Solarium Provides A Cheerful Spot For Morning Coffee, A Quiet Reading Nook Or Your Favourite Plants. Both Bedrooms Feature Large Windows, While In-Suite Laundry And One Included Parking Space Add Everyday Practicality. Residents Enjoy An Indoor Swimming Pool, Exercise Room, Sauna And Concierge/Security, Offering Plenty Of Ways To Unwind Without Leaving Home. Conveniently Located Near Midland And Lawrence, With TTC Service, Groceries, Shopping And Restaurants Close By, Plus Easy Access To Highway 401 And Scarborough Town Centre. An Excellent Opportunity For First-Time Buyers, Downsizers Or Anyone Looking For A Light-Filled Home In An Established Scarborough Community. Some Photos Have Been Virtually Staged.

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(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$399,920
Land Transfer Taxes$6,473
Legal Fees (Est.)
$
Total cash required for closing$107,953

Total Monthly Obligation

$3,181/mo
Mortgage $2,016
Monthly Loss $2,650
Principal$531
Interest$1,486
Property Tax$143
Condo Fees$822
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.9%18
Cash-on-Cash
-8.8%1
5-Year IRR
9.0%29
10-Year IRR
10.0%
Returns Index
15.4/ 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
$31,908/yr
NOI
$14,745/yr
Net Cash Flow
-$788/mo
Cash Margin
-29.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.617
LTV Ratio
80.0%18
Vacancy Buffer
3.0 mo50
Risk Index
25.3/ 100

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

Comparables

Properties near 1470 Midland Avenue 601

Time

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Data last updated within the past 24 hours.