38 Annie Craig Drive 707, Toronto W06

$480,000
38 Annie Craig Drive 707

$480,000

New
23d
Common Element CondoMulti-Level

38 Annie Craig Drive 707, Toronto W06

Total Monthly Obligation $2,475

HausQ Valuation Report
Bed+Den
2+1
Baths
1
Park
1
Sqft
500-599
DOM
23d
Score
24
Yield
6.0%
Cash on Cash
1.2%
Cap Rate
4.8%
5Y IRR
16.5%
10Y IRR
15.4%
Property Type-Common Element Condo
MLS® Number-W13842558
Bed+Den-2+1
Bathrooms-1
Size-500-599 sqft
Listed on site-Sep 30, 2026
Style-Multi-Level
Building Type-Common Element Condo
Maintenance-$339.25/mo
Locker-Common
Parking-1 - None
Basement-None
Heating-Forced Air (Gas)
Brokerage-RE/MAX REALTY SERVICES INC.
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Concrete
Possession-TBA
Neighbourhood-Mimico
Title-Residential Condo & Other

No agent assigned

Welcome to Waters Edge at The Cove, a spectacular 56-storey condominium offering an exceptional lifestyle on the majestic shores of Humber Bay. Located in one of Toronto's most sought-after water front communities, this residence combines modern elegance, breathtaking views, and resort-style amenities. This approximately 507 sg. ft. one-bedroom plus den suite features a stunning wrap-around Balcony, offering panoramic views and an ideal space to relax or entertain. The unit includes one parking space and one locker. The bright, open-concept living, dining, and kitchen area features sleek laminate flooring and a contemporary kitchen with custom quartz countertops, creating a stylish and functional space for everyday living. Residents can enjoy an impressive selection of amenities, including a 24-hour concierge, elegant lobby, indoor swimming pool, state-of-the-art fitness centre, hotel-inspired guest suites, and an elegant party room-perfect for entertaining family and friends.

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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$384,000
Land Transfer Taxes$6,075
Legal Fees (Est.)
$
Total cash required for closing$103,575

Total Monthly Obligation

$2,475/mo
Mortgage $1,936
Monthly Loss $1,966
Principal$510
Interest$1,427
Condo Fees$339
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
4.0%27
Cash-on-Cash
-3.7%3
5-Year IRR
12.7%55
10-Year IRR
12.7%
Returns Index
28.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
24/ 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
$28,752/yr
NOI
$19,406/yr
Net Cash Flow
-$319/mo
Cash Margin
-13.3%0
Cash Flow Index
0.3/ 100
Risk Profile
Weight: 20%
DSCR
0.8416
LTV Ratio
80.0%18
Vacancy Buffer
3.9 mo66
Risk Index
33.6/ 100

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

Comparables

Properties near 38 Annie Craig Drive 707

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.