38 Annie Craig Drive 1008, Toronto W06

$580,000
38 Annie Craig Drive 1008

$580,000

New
18d
Condo ApartmentApartment

38 Annie Craig Drive 1008, Toronto W06

Total Monthly Obligation $3,007

Beds
2
Baths
1
Park
1
Sqft
600-699
DOM
18d
Score
22
Yield
5.6%
Cash on Cash
-0.8%
Cap Rate
4.4%
5Y IRR
14.9%
10Y IRR
14.1%
Property Type-Condo Apartment
MLS® Number-W13866956
Beds-2
Bathrooms-1
Size-600-699 sqft
Listed on site-Oct 5, 2026
Style-Apartment
Building Type-Condo Apartment
Age-0-5
Maintenance-$467/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-ROYAL ESTATE REALTY POINT
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick, Concrete Block
Roof-Asphalt Shingle, Shingles, Asphalt Rolled
Foundation-Concrete, Block, Poured Concrete, Prefabricated
Possession-TBD
Neighbourhood-Mimico
Title-Residential Condo & Other

No agent assigned

Welcome to #1008-38 Annie Craig Drive. A 2 Bedroom + 1 washroom luxurious waterfront condo. A corner unit with breath-taking South West panoramic view of Lake-Ontario and downtown Toronto. The L shaped offers a sun filled and natural light to this functional layout 2 bed room condo-unit- 642 Sq-Ft of interior living space and an impressive 300 Sq-ft of a wrap-around balcony. This unit features floor- Ceiling windows and elegant laminate flooring through out the suite. The open-concept layout includes a modern kitchen equipped with built-in stainless steel appliances, quartz countertops, and a functional island ideal for dining and entertaining. Both the living area and the spacious primary bedroom provide direct access to the oversized balcony for your private outdoor retreat. Perfectly located just steps to shops, cafes, grocery stores, scenic parks, waterfront trails, public transit, and major highways this condo blends urban convenience with lakeside serenity. Additional highlights includes Ensuite laundry, Parking & locker included Resort-style amenities: 24-hour concierge, indoor pool, sauna, yoga studio, gym, billiards room, theatre, party room, and guest suites. A perfect opportunity for professionals, couples, or starter seeking luxury living by the lake.

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

Closing Costs

Mortgage Amount
$464,000
Land Transfer Taxes$8,075
Legal Fees (Est.)
$
Total cash required for closing$125,575

Total Monthly Obligation

$3,007/mo
Mortgage $2,340
Monthly Loss $2,391
Principal$616
Interest$1,724
Condo Fees$467
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.7%24
Cash-on-Cash
-5.3%2
5-Year IRR
11.5%46
10-Year IRR
11.7%
Returns Index
24.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
22/ 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
$32,736/yr
NOI
$21,458/yr
Net Cash Flow
-$551/mo
Cash Margin
-20.2%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.7613
LTV Ratio
80.0%18
Vacancy Buffer
3.2 mo54
Risk Index
28.1/ 100

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

Comparables

Properties near 38 Annie Craig Drive 1008

Time

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