296 Mill Road PH08, Toronto W08

$882,000
296 Mill Road PH08

$882,000

New
27d
Condo ApartmentMulti-Level

296 Mill Road PH08, Toronto W08

Total Monthly Obligation $6,069

Beds
3
Baths
3
Park
2
Sqft
1600-1799
DOM
27d
Score
17
Yield
7.0%
Cash on Cash
-4.9%
Cap Rate
3.5%
5Y IRR
11.7%
10Y IRR
11.5%
Property Type-Condo Apartment
MLS® Number-W13831848
Beds-3
Bathrooms-3
Size-1600-1799 sqft
Listed on site-Sep 26, 2026
Style-Multi-Level
Building Type-Condo Apartment
Taxes-$3,801 (2025)
Maintenance-$1,994.68/mo
Locker-Ensuite
Parking-2 - Underground
Basement-None
Heating-Forced Air (Electric)
Brokerage-RE/MAX PROFESSIONALS INC.
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Exterior-Concrete
Possession-30/60/90
Neighbourhood-Markland Wood
Title-Residential Condo & Other

No agent assigned

Welcome to a Two-Level Penthouse at The Masters, nestled in the Markland Wood community Updated and filled with natural light, this 3-bedroom, 3-bathroom offers the privacy of a house with the convenience of a resort-style condominium. Enjoy west exposure with golf-course views, mature greenery and spectacular sunsets. Brazilian cherry hardwood flooring throughout both levels. The main level is designed for living and entertaining, featuring a grand living room with a fireplace, separate dining room, beautifully updated kitchen with granite countertops, extensive cabinetry and abundant storage, plus a convenient powder room. The balcony provides an impressive private outdoor retreat. Upstairs, the private bedroom level features three spacious bedrooms and two updated bathrooms. The generous proportions and separation between living and sleeping areas creates a sense of comfort & privacy rarely found in condominium living. The Masters Residents enjoy an extraordinary array of amenities including pristine indoor and outdoor salt-water pools, fitness facilities, sauna, tennis, squash and basketball courts, Pilates, yoga, Tai Chi and aqua-fit classes, indoor car wash, library, clubhouse, party room, and hobby rooms for woodworking, music, photography, art, ceramics, golf & billiards. Beautiful gardens, walking grounds and comprehensive 24-hour security, including parcel delivery service. Ideally situated in sought-after Markland Wood, surrounded by excellent schools, parks, Etobicoke Creek trails, golf, shopping, & restaurants. TTC nearby and convenient access to Kipling and Islington subway stations, Highways 427, 401, 410, Gardiner Expressway and QEW. Pearson International Airport and Sherway Gardens are also just minutes away. A rare opportunity to own an extraordinary Two-Level Penthouse offering the sophistication of a private residence, the amenities of a luxury resort and an exceptional golf-course setting. Two tandem parking spaces included.

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

Closing Costs

Mortgage Amount
$705,600
Land Transfer Taxes$14,115
Legal Fees (Est.)
$
Total cash required for closing$192,015

Total Monthly Obligation

$6,069/mo
Mortgage $3,558
Monthly Loss $5,133
Principal$936
Interest$2,622
Property Tax$317
Condo Fees$1,995
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.8%17
Cash-on-Cash
-9.3%1
5-Year IRR
8.7%27
10-Year IRR
9.8%
Returns Index
14.5/ 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
$61,308/yr
NOI
$25,040/yr
Net Cash Flow
-$1,471/mo
Cash Margin
-28.8%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.597
LTV Ratio
80.0%18
Vacancy Buffer
1.6 mo24
Risk Index
16.4/ 100

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

Comparables

Properties near 296 Mill Road PH08

Time

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