251 Manitoba Street 1604, Toronto W06

$699,000
251 Manitoba Street 1604

$699,000

Price Change
30d
Condo ApartmentApartment

251 Manitoba Street 1604, Toronto W06

Total Monthly Obligation $3,900

HausQ Valuation Report
Bed+Den
3+1
Baths
2
Park
1
Sqft
700-799
DOM
30d
Score
17
Yield
5.0%
Cash on Cash
-6.2%
Cap Rate
3.2%
5Y IRR
10.7%
10Y IRR
10.7%
Property Type-Condo Apartment
MLS® Number-W13818840
Bed+Den-3+1
Bathrooms-2
Size-700-799 sqft
Listed on site-Sep 23, 2026
Style-Apartment
Building Type-Condo Apartment
Age-0-5
Taxes-$3,299.44 (2026)
Maintenance-$605.15/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Heat Pump (Gas)
Brokerage-BAY STREET GROUP INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Concrete
Possession-30/60/TBD
Neighbourhood-Mimico
Title-Residential Condo & Other

No agent assigned

Welcome To 3.5 Year Old Phoenix Condo By Award Winning Developer Empire Communities. A Spacious Sun-filled 2 Bedrooms 2 Bath Plus An Office Layout. Over 110K Upgrade. Unobstructed Lake Ontario View. 9 Foot Ceiling, Approx 900SQFT Living Space(790 Sqft Interior + 110sqft Balcony) , Wood Flooring Throughout. Spectacular Unobstructed of 12 Acre Grand Avenue Park View and Sunset View.Extras: Amenities Including California Style Outdoor Infinity Pool & Rooftop Deck, Party Room And Fitness Centre State-Of-The-Art Fitness Facility, Wi-Fi Workspace, Pet Wash Station. Easy Access To Gardiner, Humber Bay Park, Lake Ontario.Inclusions: All Existing Fridge, Stove, Microwave, Dishwasher, Washer And Dryer, ELFs, Window Coverings. 1 Underground Parking And 1 Locker Included.

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

Closing Costs

Mortgage Amount
$559,200
Land Transfer Taxes$10,455
Legal Fees (Est.)
$
Total cash required for closing$151,755

Total Monthly Obligation

$3,900/mo
Mortgage $2,820
Monthly Loss $3,158
Principal$742
Interest$2,078
Property Tax$275
Condo Fees$605
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.6%16
Cash-on-Cash
-10.2%1
5-Year IRR
7.7%21
10-Year IRR
8.9%
Returns Index
12.0/ 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
$34,884/yr
NOI
$18,434/yr
Net Cash Flow
-$1,283/mo
Cash Margin
-44.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.546
LTV Ratio
80.0%18
Vacancy Buffer
2.5 mo40
Risk Index
21.2/ 100

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

Comparables

Properties near 251 Manitoba Street 1604

Time

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Data last updated within the past 24 hours.