251 Manitoba Street 402, Toronto W06

$519,000
251 Manitoba Street 402

$519,000

New
15d
Condo ApartmentApartment

251 Manitoba Street 402, Toronto W06

Total Monthly Obligation $3,031

Bed+Den
2+1
Baths
2
Park
1
Sqft
600-699
DOM
15d
Score
19
Yield
5.8%
Cash on Cash
-3.7%
Cap Rate
3.8%
5Y IRR
12.6%
10Y IRR
12.3%
Property Type-Condo Apartment
MLS® Number-W13878840
Bed+Den-2+1
Bathrooms-2
Size-600-699 sqft
Listed on site-Oct 8, 2026
Style-Apartment
Building Type-Condo Apartment
Age-0-5
Taxes-$2,609 (2025)
Maintenance-$520/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-RIGHT AT HOME REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Concrete
Possession-IMM
Neighbourhood-Mimico
Title-Residential Condo & Other

No agent assigned

Bright and spacious 660 sq. ft. 1+1 bedroom, 2 full bathroom suite at Phoenix Condos, ideally located at Park Lawn & Lakeshore. Featuring a functional layout, modern finishes, quartz countertops, stainless steel appliances, The primary bedroom enjoys floor-to-ceiling window wrapped by the balcony, the oversized den can easily double as a second bedroom.120+ sq. ft. private balcony. Enjoy resort-style building amenities including outdoor pool, sauna, state-of-the-art fitness centre, yoga studio, party/lounge room, and 24-hour concierge. Large off-leash dog park right beside the building and walking distance to waterfront Conveniently located near Humber Bay Park, Sherway Gardens, QEW, Mimico GO, shopping, dining, groceries and transit, with easy access to downtown Toronto

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

Closing Costs

Mortgage Amount
$415,200
Land Transfer Taxes$6,855
Legal Fees (Est.)
$
Total cash required for closing$112,155

Total Monthly Obligation

$3,031/mo
Mortgage $2,094
Monthly Loss $2,480
Principal$551
Interest$1,543
Property Tax$217
Condo Fees$520
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.0%18
Cash-on-Cash
-8.4%1
5-Year IRR
9.1%30
10-Year IRR
10.0%
Returns Index
16.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$29,976/yr
NOI
$15,729/yr
Net Cash Flow
-$783/mo
Cash Margin
-31.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.638
LTV Ratio
80.0%18
Vacancy Buffer
3.2 mo53
Risk Index
26.4/ 100

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

Comparables

Properties near 251 Manitoba Street 402

Time

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Data last updated within the past 24 hours.