2220 Lake Shore Boulevard W 302, Toronto W06

$689,000
2220 Lake Shore Boulevard W 302

$689,000

New
21d
Condo ApartmentApartment

2220 Lake Shore Boulevard W 302, Toronto W06

Total Monthly Obligation $3,882

Beds
2
Baths
2
Park
1
Sqft
700-799
DOM
21d
Score
17
Yield
5.1%
Cash on Cash
-6.2%
Cap Rate
3.3%
5Y IRR
10.7%
10Y IRR
10.8%
Property Type-Condo Apartment
MLS® Number-W13855472
Beds-2
Bathrooms-2
Size-700-799 sqft
Listed on site-Oct 2, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$2,729.79 (2025)
Maintenance-$674.86/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-ENGEL & VOLKERS TORONTO CITY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Concrete, Other
Possession-30-59 days
Neighbourhood-Mimico
Title-Residential Condo & Other

No agent assigned

A rare condo that lives as beautifully outdoors as it does inside. This exceptional terrace suite at Westlake features an exceptional oversized private terrace-an incredible extension of the living space with room to entertain, dine outdoors, garden, or simply unwind against the peaceful backdrop of Mimico Creek and the surrounding ravine.Inside, the thoughtfully designed 776 sq. ft. layout offers two bedrooms and two bathrooms, with an open-concept living and dining area that walks directly out to the terrace. The modern kitchen is finished with a centre island, stone countertops, mosaic glass backsplash, double sink and contemporary lighting. The primary bedroom includes a walk-in closet, private ensuite and tranquil ravine views.Owned underground parking and a locker are included. Residents of Westlake enjoy an impressive collection of amenities, including concierge service, an indoor pool, fitness centre, sauna, games room and party room.Everything you need is conveniently located within the Westlake community, with Metro, Starbucks, banks, shops and everyday services just steps from your door. Enjoy easy access to the waterfront, Humber Bay Shores, parks, trails, the marina and public transit, with convenient connections to downtown Toronto, Pearson Airport and Mississauga.An extraordinary terrace, a full-service condominium community and one of Mimico's most convenient lifestyle locations-this is urban living with room to breathe.

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

Closing Costs

Mortgage Amount
$551,200
Land Transfer Taxes$10,255
Legal Fees (Est.)
$
Total cash required for closing$149,555

Total Monthly Obligation

$3,882/mo
Mortgage $2,779
Monthly Loss $3,150
Principal$731
Interest$2,048
Property Tax$227
Condo Fees$675
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.6%16
Cash-on-Cash
-10.3%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
$34,872/yr
NOI
$18,157/yr
Net Cash Flow
-$1,266/mo
Cash Margin
-43.6%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 2220 Lake Shore Boulevard W 302

Time

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