408 Browns Line 216, Toronto W06

$530,000
408 Browns Line 216

$530,000

New
9d
Condo ApartmentApartment

408 Browns Line 216, Toronto W06

Total Monthly Obligation $3,196

HausQ Valuation Report
Bed+Den
2+1
Baths
1
Park
1
Sqft
700-799
DOM
9d
Score
18
Yield
5.4%
Cash on Cash
-6.6%
Cap Rate
3.2%
5Y IRR
10.4%
10Y IRR
10.5%
Property Type-Condo Apartment
MLS® Number-W14033306
Bed+Den-2+1
Bathrooms-1
Size-700-799 sqft
Listed on site-Oct 14, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$3,424 (2025)
Maintenance-$572.4/mo
Locker-None
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE SECURITY REAL ESTATE
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick
Roof-Unknown
Foundation-Unknown
Possession-30/60/90
Neighbourhood-Alderwood
Title-Residential Condo & Other

No agent assigned

Welcome to Bline Condos at 408 Browns Line! Discover modern living in this bright and spacious1+Den condominium located in the desirable Alderwood community of Etobicoke. This thoughtfully designed suite features an open-concept layout with a generous living area and a versatile den, perfect for a home office, study, or guest space. Enjoy an unbeatable location just minutes from the waterfront, including Marie Curtis Park, Marie Curtis Park Beach, Lakeshore Park, and scenic walking trails. A variety of everyday amenities are right at your doorstep, with cafés, restaurants, parks, shops, and Sherway Gardens all conveniently accessible by foot or a short drive. Commuters will appreciate easy access to Highway 427, the QEW/Gardiner Expressway, and TTC public transit, providing convenient connections throughout Toronto and surrounding areas. A fantastic opportunity for first-time buyers, professionals, or investors looking to enjoy modern condo living in a well-connected Etobicoke neighborhood. The unit is currently tenanted, with the lease expiring on September 14, 2027. Monthly rent is $2,500.00, plus utilities.

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

Closing Costs

Mortgage Amount
$424,000
Land Transfer Taxes$7,075
Legal Fees (Est.)
$
Total cash required for closing$114,575

Total Monthly Obligation

$3,196/mo
Mortgage $2,138
Monthly Loss $2,633
Principal$563
Interest$1,575
Property Tax$285
Condo Fees$572
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.4%14
Cash-on-Cash
-11.1%1
5-Year IRR
7.1%19
10-Year IRR
8.5%
Returns Index
10.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 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
$28,500/yr
NOI
$12,957/yr
Net Cash Flow
-$1,058/mo
Cash Margin
-44.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.515
LTV Ratio
80.0%18
Vacancy Buffer
3.0 mo50
Risk Index
24.5/ 100

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

Comparables

Properties near 408 Browns Line 216

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

Data is provided courtesy of PropTx.

The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.

Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.