58 Marine Parade Drive 1103, Toronto W06

$1,650,000
58 Marine Parade Drive 1103

$1,650,000

New
24d
Condo ApartmentApartment

58 Marine Parade Drive 1103, Toronto W06

Total Monthly Obligation $9,345

Bed+Den
3+1
Baths
2
Park
2
Sqft
1400-1599
DOM
24d
Score
13
Yield
3.4%
Cash on Cash
-14.6%
Cap Rate
1.4%
5Y IRR
4.2%
10Y IRR
5.9%
Property Type-Condo Apartment
MLS® Number-W13840222
Bed+Den-3+1
Bathrooms-2
Size-1400-1599 sqft
Listed on site-Sep 29, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$6,877.38 (2026)
Maintenance-$1,916.38/mo
Locker-Owned
Parking-2 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE SIGNATURE REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Concrete Poured
Possession-Flexible/TBA
Neighbourhood-Mimico
Title-Residential Condo & Other

No agent assigned

Experience exceptional waterfront living at The Monarch, with breathtaking, unobstructed panoramic views of Lake Ontario and Toronto's iconic downtown skyline. This sophisticated 2-bedroom + den residence offers 1,744 sq. ft. of total living space,including 1,563 sq. ft. of interior living space and an expansive 181 sq. ft. balcony.Soaring 9-ft ceilings and floor-to-ceiling windows fill the home with natural light while showcasing spectacular lake and skyline vistas. Three walkouts to the balcony extend the living space outdoors and create the perfect setting to enjoy stunning sunrises,sparkling water views, and the ever-changing Toronto skyline.The spacious open-concept living and dining area is designed for both elegant entertaining and comfortable everyday living. The modern white kitchen features a centre island, sleek contemporary cabinetry, striking black stone countertops, and generous workspace.Beautiful hardwood flooring throughout enhances the home's timeless elegance, while the generous layout and den provide exceptional flexibility for a home office, library, or additional living space. Enjoy resort-style amenities, 24-hour concierge service, and a prestigious waterfront location just minutes from downtown Toronto, waterfront trails, parks, restaurants, shopping, and entertainment.A rare opportunity to own an extraordinary waterfront residence where panoramic views, elegant interiors, generous proportions,and an exceptional location come together to create a truly remarkable Toronto lifestyle.

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

Closing Costs

Mortgage Amount
$1,320,000
Land Transfer Taxes$29,475
Legal Fees (Est.)
$
Total cash required for closing$360,975

Total Monthly Obligation

$9,345/mo
Mortgage $6,656
Monthly Loss $7,594
Principal$1,751
Interest$4,904
Property Tax$573
Condo Fees$1,916
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
1.1%8
Cash-on-Cash
-17.4%0
5-Year IRR
2.2%5
10-Year IRR
4.8%
Returns Index
3.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
13/ 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
$55,920/yr
NOI
$18,054/yr
Net Cash Flow
-$5,151/mo
Cash Margin
-110.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.232
LTV Ratio
80.0%18
Vacancy Buffer
1.0 mo17
Risk Index
12.4/ 100

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

Comparables

Properties near 58 Marine Parade Drive 1103

Time

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