250 Manitoba Street 612, Toronto W06

$648,900
250 Manitoba Street 612

$648,900

New
16d
Condo ApartmentLoft

250 Manitoba Street 612, Toronto W06

Total Monthly Obligation $3,971

Bed+Den
2+1
Baths
2
Park
1
Sqft
900-999
DOM
16d
Score
17
Yield
5.6%
Cash on Cash
-6.4%
Cap Rate
3.2%
5Y IRR
10.5%
10Y IRR
10.6%
Property Type-Condo Apartment
MLS® Number-W13874520
Bed+Den-2+1
Bathrooms-2
Size-900-999 sqft
Listed on site-Oct 7, 2026
Style-Loft
Building Type-Condo Apartment
Taxes-$2,556.35 (2026)
Maintenance-$940/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-RIGHT AT HOME REALTY
Cooling-Central Air
Laundry-Yes
Fireplace-Family Room, Natural Gas
Pool-None
Exterior-Concrete
Possession-Flexible
Neighbourhood-Mimico
Title-Residential Condo & Other

No agent assigned

Rarely offered and truly one of a kind, this renovated true two storey loft offers an exceptional blend of scale, character, and modern design in the heart of Mimico's vibrant waterfront community. Defined by soaring 17.5 foot ceilings, dramatic floor to ceiling windows, and a cozy gas fireplace, the space is flooded with natural light throughout the day, creating an airy and inviting atmosphere that feels both sophisticated and comfortable. Thoughtfully updated throughout, the loft combines striking architectural elements with functional everyday living, featuring a spacious 1 bedroom plus den layout, 2 bathrooms, and expansive open concept living spaces ideal for entertaining or quiet evenings at home. The versatile den can easily function as a second bedroom, guest space, home office, or nursery, offering flexibility for changing lifestyles. The spacious primary retreat includes a walk in closet and a seamless blend of comfort and style.Located just steps from the lake, waterfront trails, parks, cafes, restaurants, grocery stores, TTC, and Mimico GO, this home offers the perfect balance between urban convenience and relaxed lakeside living. Residents enjoy access to exceptional amenities including a rooftop garden terrace so stunning it has hosted weddings, along with a gym, sauna, party room, visitor parking, and a pet friendly community. Complete with parking and locker, this is a rare opportunity to own a beautifully renovated loft in one of Toronto's most desirable waterfront neighbourhoods.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$519,120
Land Transfer Taxes$9,453
Legal Fees (Est.)
$
Total cash required for closing$140,733

Total Monthly Obligation

$3,971/mo
Mortgage $2,617
Monthly Loss $3,282
Principal$689
Interest$1,929
Property Tax$213
Condo Fees$940
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.5%15
Cash-on-Cash
-10.7%1
5-Year IRR
7.4%20
10-Year IRR
8.8%
Returns Index
11.3/ 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
$36,360/yr
NOI
$16,488/yr
Net Cash Flow
-$1,244/mo
Cash Margin
-41.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.525
LTV Ratio
80.0%18
Vacancy Buffer
2.4 mo39
Risk Index
20.7/ 100

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

Comparables

Properties near 250 Manitoba Street 612

Time

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