190 Manitoba Street 706, Toronto W06

$524,900
190 Manitoba Street 706

$524,900

New
2d
Condo ApartmentApartment

190 Manitoba Street 706, Toronto W06

Total Monthly Obligation $3,368

Bed+Den
2+1
Baths
1
Park
1
Sqft
700-799
DOM
2d
Score
18
Yield
6.1%
Cash on Cash
-5.5%
Cap Rate
3.4%
5Y IRR
11.2%
10Y IRR
11.2%
Property Type-Condo Apartment
MLS® Number-W14102040
Bed+Den-2+1
Bathrooms-1
Size-700-799 sqft
Listed on site-Oct 21, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$2,148.47 (2026)
Maintenance-$871.78/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-RE/MAX REAL ESTATE CENTRE INC.
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Concrete, Other
Possession-Flexible
Neighbourhood-Mimico
Title-Residential Condo & Other

No agent assigned

Welcome to The Legend at Mystic Pointe! This 10-storey mid-rise condo stands out for its generous floor plans and excellent transportation access, situated in Toronto's vibrant Mimico neighbourhood. This beautiful unit features an expansive 1+1 bedroom, 1-bathroom design with 780 square feet of living space. Bright, open-concept living/dining area with a walk-out to your own private balcony with views of the park and lake. Nicely renovated kitchen (2021), featuring stainless steel appliances, quartz counters, undermount sink, tile backsplash, and a convenient breakfast bar overlooking the living/dining area. Updated 4-piece bathroom (2026), offering a fresh and modern aesthetic. The primary bedroom has a large window, his & her closets, and direct access to the bathroom. Spacious den with French doors off the kitchen, ideal for a home office or second (guest) bedroom. Surrounded by green spaces, this unit is perfect for nature and outdoor enthusiasts alike. Walk across the street to the community park with a running track, soccer field, splash pad, and playground. Just a short stroll into the expansive waterfront network of Humber Bay Shores Park to enjoy lakeside biking and walking trails. Effortless commuting whether you drive or take transit. Local bus routes stop just steps away, walk to the Mimico GO Station for an easy ride directly to Union Station. Quick access to the Gardiner, Highway 427, easy commuting into Toronto, or going West to Mississauga, Oakville & Burlington. Residents enjoy 24-hour gated security entrance, exercise room, underground parking, and visitor parking. Everything you need for everyday living is within minutes of your front door, including fantastic dining options, cozy espresso bars, local cafes, and multiple grocery stores. A short drive away from major retail corridors and premium shopping centres. This unit is a must see!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$419,920
Land Transfer Taxes$6,973
Legal Fees (Est.)
$
Total cash required for closing$113,453

Total Monthly Obligation

$3,368/mo
Mortgage $2,117
Monthly Loss $2,811
Principal$557
Interest$1,560
Property Tax$179
Condo Fees$872
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.6%16
Cash-on-Cash
-10.3%1
5-Year IRR
7.8%22
10-Year IRR
9.1%
Returns Index
12.3/ 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
$32,040/yr
NOI
$13,826/yr
Net Cash Flow
-$965/mo
Cash Margin
-36.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.546
LTV Ratio
80.0%18
Vacancy Buffer
2.9 mo47
Risk Index
23.7/ 100

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

Comparables

Properties near 190 Manitoba Street 706

Time

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Data last updated within the past 24 hours.