557 The East Mall 502, Toronto W08

$449,800
557 The East Mall 502

$449,800

New
24d
Co-op ApartmentApartment

557 The East Mall 502, Toronto W08

Total Monthly Obligation $2,642

HausQ Valuation Report
Beds
2
Baths
1
Park
1
Sqft
900-999
DOM
24d
Score
27
Yield
7.6%
Cash on Cash
4.4%
Cap Rate
5.5%
5Y IRR
19.1%
10Y IRR
17.5%
Property Type-Co-op Apartment
MLS® Number-W13838060
Beds-2
Bathrooms-1
Size-900-999 sqft
Listed on site-Sep 29, 2026
Style-Apartment
Building Type-Co-op Apartment
Maintenance-$628/mo
Locker-Ensuite
Parking-1 - Carport
Basement-None
Heating-Other (Electric)
Brokerage-GOWEST REALTY LTD.
Cooling-Window Unit(s)
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick
Possession-Flexible
Neighbourhood-Islington-City Centre West
Title-Residential Condo & Other

No agent assigned

One of the Lowest-Cost Properties to Own in Toronto! The total monthly cost of maintaining this large, completely renovated 2-bedroom co-op apartment is only $628, including all utilities and property taxes. This is arguably one of the lowest monthly ownership costs you will find in Toronto. This spacious and beautifully renovated co-op apartment offers an excellent combination of size, comfort and value. It features two large bedrooms, a beautiful updated kitchen, spacious living and dining areas, and a large balcony perfect for relaxing or entertaining. One covered carport parking space is included. The location is excellent, with easy access to Highway 427, major roads, public transit, shopping, restaurants, parks and everyday amenities. Everything you need is close by, while the surrounding area offers plenty of green space and a convenient Etobicoke lifestyle .This is a rare opportunity to own a large, fully renovated 2-bedroom co-op apartment with parking and a large balcony, while keeping monthly carrying costs exceptionally low. Only $628/month including all utilities and property taxes - an exceptional value in Toronto!

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

Closing Costs

Mortgage Amount
$359,840
Land Transfer Taxes$5,471
Legal Fees (Est.)
$
Total cash required for closing$96,931

Total Monthly Obligation

$2,642/mo
Mortgage $1,814
Monthly Loss $2,165
Principal$477
Interest$1,337
Condo Fees$628
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
4.6%33
Cash-on-Cash
-1.1%6
5-Year IRR
14.9%71
10-Year IRR
14.6%
Returns Index
37.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
27/ 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
$34,032/yr
NOI
$20,693/yr
Net Cash Flow
-$90/mo
Cash Margin
-3.2%3
Cash Flow Index
2.6/ 100
Risk Profile
Weight: 20%
DSCR
0.9523
LTV Ratio
80.0%18
Vacancy Buffer
3.6 mo62
Risk Index
34.3/ 100

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

Comparables

Properties near 557 The East Mall 502

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.