299 Mill Road 1608, Toronto W08

$599,900
299 Mill Road 1608

$599,900

Price Change
16d
Condo ApartmentApartment

299 Mill Road 1608, Toronto W08

Total Monthly Obligation $4,202

Beds
3
Baths
2
Park
1
Sqft
1200-1399
DOM
16d
Score
17
Yield
6.7%
Cash on Cash
-6.3%
Cap Rate
3.2%
5Y IRR
10.6%
10Y IRR
10.7%
Property Type-Condo Apartment
MLS® Number-W13874404
Beds-3
Bathrooms-2
Size-1200-1399 sqft
Listed on site-Oct 7, 2026
Style-Apartment
Building Type-Condo Apartment
Age-51-99
Taxes-$1,987.9 (2025)
Maintenance-$1,416.88/mo
Locker-Ensuite
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-SUTTON GROUP - SUMMIT REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick, Concrete
Possession-Immediate/Flex
Neighbourhood-Markland Wood
Title-Residential Condo & Other

No agent assigned

This renovated 3-bedroom, 2-bathroom suite at Millgate Manor brings together generous living space and the everyday convenience of condominium living in Markland Wood. The open living and dining area gives you room to gather comfortably, whether you're hosting an evening or settling in at home. Modern kitchen, SS appliances, fresh paint, hardwood flooring, in-suite laundry, storage and an underground parking space round out the practical comforts. The corporation has a very strong financial position led by the dedicated Board members. Recently replaced new windows, new A/C / heating system, water pipes - all without special assessments.Beyond your front door, enjoy indoor and outdoor pools, a fitness centre, and tennis courts. Maintenance fees include heat, electricity, water, cable and internet, bringing several everyday expenses into one monthly payment. 24/7 security, electric car charges, Etobicoke Creek trails, Centennial Park and Markland Wood Golf Club are close by; Hwy 427, the 401, Pearson and Kipling station are minutes by car. Floor plan and status certificate are ready on request. Book a private viewing to explore the layout, step onto the balcony and see how the space could work for you.

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

Closing Costs

Mortgage Amount
$479,920
Land Transfer Taxes$8,473
Legal Fees (Est.)
$
Total cash required for closing$129,953

Total Monthly Obligation

$4,202/mo
Mortgage $2,420
Monthly Loss $3,566
Principal$637
Interest$1,783
Property Tax$166
Condo Fees$1,417
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.5%15
Cash-on-Cash
-11.0%1
5-Year IRR
7.3%20
10-Year IRR
8.8%
Returns Index
11.0/ 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
$40,200/yr
NOI
$14,790/yr
Net Cash Flow
-$1,187/mo
Cash Margin
-35.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.515
LTV Ratio
80.0%18
Vacancy Buffer
2.3 mo36
Risk Index
19.8/ 100

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

Comparables

Properties near 299 Mill Road 1608

Time

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