38 Annie Craig Drive 4409, Toronto W06

$448,500
38 Annie Craig Drive 4409

$448,500

Price Change
17d
Condo ApartmentApartment

38 Annie Craig Drive 4409, Toronto W06

Total Monthly Obligation $2,358

Beds
1
Baths
1
Park
1
Sqft
0-499
DOM
17d
Score
22
Yield
5.6%
Cash on Cash
-1.1%
Cap Rate
4.4%
5Y IRR
14.7%
10Y IRR
13.9%
Property Type-Condo Apartment
MLS® Number-W13868964
Beds-1
Bathrooms-1
Size-0-499 sqft
Listed on site-Oct 6, 2026
Style-Apartment
Building Type-Condo Apartment
Maintenance-$349.23/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-RE/MAX ULTIMATE REALTY INC.
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Concrete
Possession-Flexible
Neighbourhood-Mimico
Title-Residential Condo & Other

No agent assigned

Welcome to Suite 4409 at Water's Edge at The Cove, located in the heart of Humber Bay Shores! Perched high above the city with tree line views, this breathtaking one-bedroom delivers waterfront living at its finest. Bright & full of natural light, this 1 bedroom layout has no wasted space. The modern kitchen flows seamlessly into the living and dining areas, highlighted by contemporary finishes and stunning floor-to-ceiling windows. Step outside to your expansive private balcony-an incredible extension of the living space and the perfect vantage point to enjoy your morning coffee. Residents enjoy access to an outstanding collection of five-star, resort-inspired amenities designed for relaxation and entertainment. The building features a 24-hour concierge and security, a fully equipped fitness centre, an indoor swimming pool with a cold plunge pool and sauna, and an elegant party room alongside an outdoor terrace with BBQs. Additional conveniences include a games room, media room, library, and guest suites for visiting family and friends. Set within one of Toronto's most sought-after waterfront communities, you are just steps away from scenic waterfront parks, the Martin Goodman Trail, vibrant cafes, and local restaurants. With convenient access to the QEW for a quick and easy commute downtown or west of the city, this is an exceptional opportunity to enjoy space, panoramic views, and an unbeatable lifestyle. Locker and parking included and both on P3 for added convenience. Taxes not yet assessed.

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

Closing Costs

Mortgage Amount
$358,800
Land Transfer Taxes$5,445
Legal Fees (Est.)
$
Total cash required for closing$96,645

Total Monthly Obligation

$2,358/mo
Mortgage $1,809
Monthly Loss $1,882
Principal$476
Interest$1,333
Condo Fees$349
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.6%23
Cash-on-Cash
-5.9%2
5-Year IRR
11.0%42
10-Year IRR
11.4%
Returns Index
22.2/ 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
$25,080/yr
NOI
$15,981/yr
Net Cash Flow
-$477/mo
Cash Margin
-22.8%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.7411
LTV Ratio
80.0%18
Vacancy Buffer
4.1 mo70
Risk Index
33.2/ 100

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

Comparables

Properties near 38 Annie Craig Drive 4409

Time

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Data last updated within the past 24 hours.