2287 Lake Shore Boulevard W 505, Toronto W06

$489,000
2287 Lake Shore Boulevard W 505

$489,000

New
8d
Condo ApartmentApartment

2287 Lake Shore Boulevard W 505, Toronto W06

Total Monthly Obligation $3,278

HausQ Valuation Report
Beds
1
Baths
1
Park
1
Sqft
700-799
DOM
8d
Score
18
Yield
6.5%
Cash on Cash
-5.2%
Cap Rate
3.5%
5Y IRR
11.4%
10Y IRR
11.3%
Property Type-Condo Apartment
MLS® Number-W14084750
Beds-1
Bathrooms-1
Size-700-799 sqft
Listed on site-Oct 15, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$2,164.23 (2025)
Maintenance-$925.15/mo
Locker-Exclusive
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-SKYBOUND REALTY
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Concrete, Stone
Possession-30-59 days
Neighbourhood-Mimico
Title-Residential Condo & Other

No agent assigned

Resort-Style Living At The Grand Harbour! Ideally Located Right On The Boardwalk & Lake, WithThe 501 & 508 Streetcars At Your Doorstep For Easy Access To Downtown. Enjoy Superior Resort-Style Amenities, Beautifully Manicured Grounds, And A Lifestyle That Feels Like A Year-RoundGetaway.This Beautiful, Bright & Impeccably Maintained Unit Has Been Tastefully Updated By The CurrentOwner. The Open-Concept Layout Offers An Inviting Space For Both Everyday Living &Entertaining, While The Large Foyer Features A Double Closet For Excellent Storage.Recent Renovations Include Hardwood Floors & A Beautifully Updated Kitchen With GraniteCountertops, Glass Backsplash, Oversized Stainless Steel Sink & Convenient Under-CabinetLighting.Enjoy An Exceptional Collection Of Amenities, Including An Indoor Pool, Sauna, Hot Tub, FullyEquipped Gym, Squash Court, 24/7 Concierge, Car Wash & Exclusive Wine Cellar. Set WithinBeautifully Manicured Grounds & Just Steps From The Waterfront, This Is Resort-Style Living At Its Finest!

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

Closing Costs

Mortgage Amount
$391,200
Land Transfer Taxes$6,255
Legal Fees (Est.)
$
Total cash required for closing$105,555

Total Monthly Obligation

$3,278/mo
Mortgage $1,972
Monthly Loss $2,759
Principal$519
Interest$1,453
Property Tax$180
Condo Fees$925
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.6%16
Cash-on-Cash
-10.2%1
5-Year IRR
7.9%23
10-Year IRR
9.2%
Returns Index
12.4/ 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
$31,740/yr
NOI
$12,900/yr
Net Cash Flow
-$897/mo
Cash Margin
-33.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.546
LTV Ratio
80.0%18
Vacancy Buffer
2.9 mo49
Risk Index
24.2/ 100

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

Comparables

Properties near 2287 Lake Shore Boulevard W 505

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.

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Data last updated within the past 24 hours.