200 Manitoba Street 609, Toronto W06

$625,000
200 Manitoba Street 609

$625,000

New
18d
Condo ApartmentLoft

200 Manitoba Street 609, Toronto W06

Total Monthly Obligation $3,784

Bed+Den
2+1
Baths
2
Park
1
Sqft
900-999
DOM
18d
Score
18
Yield
5.8%
Cash on Cash
-5.0%
Cap Rate
3.5%
5Y IRR
11.6%
10Y IRR
11.5%
Property Type-Condo Apartment
MLS® Number-W13861666
Bed+Den-2+1
Bathrooms-2
Size-900-999 sqft
Listed on site-Oct 5, 2026
Style-Loft
Building Type-Condo Apartment
Age-16-30
Taxes-$2,746.98 (2026)
Maintenance-$834.44/mo
Locker-Owned
Parking-2 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-RE/MAX Jazz INC.
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick
Possession-30 to 60 days
Neighbourhood-Mimico
Title-Residential Condo & Other

No agent assigned

Unit 609 at 200 Manitoba Street brings together dramatic scale and clear, south-facing views over Grand Avenue Park and Lake Ontario. Freshly painted throughout, this 1+den, two-bath loft features rare 17-foot floor-to-ceiling windows that fill the open layout with all-day light. And an added bonus is there are no upstairs neighbours! The only thing above you is the amazing on-site amenities. The private balcony looks directly across the park's green space, running track, and dog park, with the lake sitting right on the horizon. Inside, the main level flows naturally between the kitchen, dining, and living areas, while the den easily functions as a quiet work-from-home office or guest space. The suite also includes two parking spaces and a dedicated storage locker. Building amenities include a gym, sauna, squash court, party room, bike storage, visitor parking, and an outdoor rooftop terrace. Heating / Air unit updated 2024. It is hard to beat the walkability here. You're minutes on foot from Mimico GO station for a quick commute downtown, steps from waterfront trails and local cafes, and just a short drive to the Gardiner, highway networks, and the Airport.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$500,000
Land Transfer Taxes$8,975
Legal Fees (Est.)
$
Total cash required for closing$135,475

Total Monthly Obligation

$3,784/mo
Mortgage $2,521
Monthly Loss $3,121
Principal$663
Interest$1,858
Property Tax$229
Condo Fees$834
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.8%17
Cash-on-Cash
-9.4%1
5-Year IRR
8.4%25
10-Year IRR
9.5%
Returns Index
13.8/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 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
$36,360/yr
NOI
$17,564/yr
Net Cash Flow
-$1,057/mo
Cash Margin
-34.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.586
LTV Ratio
80.0%18
Vacancy Buffer
2.5 mo41
Risk Index
21.9/ 100

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

Comparables

Properties near 200 Manitoba Street 609

Time

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