251 Manitoba Street 412, Toronto W06

$584,900
251 Manitoba Street 412

$584,900

New
16d
Condo ApartmentApartment

251 Manitoba Street 412, Toronto W06

Total Monthly Obligation $3,301

HausQ Valuation Report
Beds
2
Baths
2
Park
1
Sqft
700-799
DOM
16d
Score
20
Yield
6.0%
Cash on Cash
-2.0%
Cap Rate
4.2%
5Y IRR
14.0%
10Y IRR
13.4%
Property Type-Condo Apartment
MLS® Number-W13873372
Beds-2
Bathrooms-2
Size-700-799 sqft
Listed on site-Oct 7, 2026
Style-Apartment
Building Type-Condo Apartment
Age-0-5
Taxes-$2,793.01 (2026)
Maintenance-$509.3/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Other)
Brokerage-HOMELIFE NEW WORLD REALTY INC.
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Other
Possession-After Nov. 1st 2026
Neighbourhood-Mimico
Title-Residential Condo & Other

No agent assigned

Welcome home to this bright and well designed modern 2 bedroom 2 bathroom condo in the Empire Phoenix development in the highly desirable Mimico Humber Bay Shores Community. This home comes with parking and locker conveniently located on the same floor as well as a large open balcony. The open living room and kitchen layout, equipped with stainless steel appliances and built in dishwasher, with floor to ceiling windows, laminate flooring and neutral finishes creates a welcoming and serene home. The condo has amazing amenities including an outdoor pool, sauna, fully equipped gym and yoga facilities, party and lounge room, 24 hour concierge and so much more to support a modern and healthy lifestyle. Situated close to the Lake, Yacht club, Transit, GO Station, and within minutes to Metro Grocery, restaurants and tons of parks and recreation facilities that maximizes a lifestyle for those that enjoy urban living close to Lake Ontario. Minutes to highway QEW / 427 / Gardiner and short drive to downtown. Come visit this home and make this yours! **EXTRAS** All light fixtures and window coverings and curtains, security alarm system, built in dishwasher, fridge, stove, microwave, washer, and dryer.

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

Closing Costs

Mortgage Amount
$467,920
Land Transfer Taxes$8,173
Legal Fees (Est.)
$
Total cash required for closing$126,653

Total Monthly Obligation

$3,301/mo
Mortgage $2,359
Monthly Loss $2,681
Principal$621
Interest$1,738
Property Tax$233
Condo Fees$509
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.4%22
Cash-on-Cash
-6.5%2
5-Year IRR
10.6%40
10-Year IRR
11.1%
Returns Index
20.8/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
20/ 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
$34,884/yr
NOI
$20,091/yr
Net Cash Flow
-$685/mo
Cash Margin
-23.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.7110
LTV Ratio
80.0%18
Vacancy Buffer
2.9 mo48
Risk Index
25.5/ 100

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

Comparables

Properties near 251 Manitoba Street 412

Time

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