299 Mill Road 1502, Toronto W08

$475,000
299 Mill Road 1502

$475,000

New
2d
Condo Apartment1 Storey/Apt

299 Mill Road 1502, Toronto W08

Total Monthly Obligation $2,313

Beds
2
Baths
2
Park
1
Sqft
1000-1199
DOM
2d
Score
37
Yield
7.1%
Cash on Cash
7.7%
Cap Rate
6.2%
5Y IRR
21.8%
10Y IRR
19.8%
Property Type-Condo Apartment
MLS® Number-W14103882
Beds-2
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Oct 21, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Taxes-$2,360 (2026)
Locker-None
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE WEST REALTY GROUP LTD.
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick
Possession-tba
Neighbourhood-Markland Wood
Title-Residential Condo & Other

No agent assigned

Perched high on the 15th floor, this spacious and bright 2 bedroom plus den, 2-bathroom suite is awaiting your personal touch. If you have been searching for a property where you can bring your own style to life without compromising on space, this is the one! Unlike today's cramped modern high-rises, this classic layout offers an expansive, open-concept living and dining area perfect for family gatherings. Step out onto your private balcony to enjoy your morning coffee against a backdrop of beautiful panoramic treetop views. While the unit requires updating and renovations, the bones and proportions are absolutely exceptional. The eat-in kitchen offers a generous footprint with plenty of room. Down the hall, the massive primary bedroom serves as a quiet retreat, complete with a large closet and its own private 3 piece ensuite bathroom. An additional spacious bedroom offers ultimate flexibility-perfect for a growing family, a dedicated home office. A generous den off the kitchen is perfect for more family living space. Living at Millgate Manor means enjoying an incredible community. Your maintenance fees cover all major utilities (heat, hydro, A/C, water, parking, rogers internet and cable TV), giving you effortless peace of mind. Step outside your door to experience resort-style building amenities, including indoor and outdoor swimming pools, tennis and squash courts, a fully equipped fitness centre, and beautifully manicured gardens. Unbeatable location! You are just minutes from fantastic schools, lush parks, Markland Wood Golf Club, and transit, with quick highway access to downtown Toronto or Mississauga. One parking spot and a sizeable in-suite locker are included. Bring your imagination, your Pinterest boards, and your vision to personalize this condo!

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

Closing Costs

Mortgage Amount
$380,000
Land Transfer Taxes$5,975
Legal Fees (Est.)
$
Total cash required for closing$102,475

Total Monthly Obligation

$2,313/mo
Mortgage $1,916
Monthly Loss $1,808
Principal$504
Interest$1,412
Property Tax$197
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
5.4%42
Cash-on-Cash
2.5%13
5-Year IRR
17.6%84
10-Year IRR
16.7%
Returns Index
47.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
37/ 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
$33,636/yr
NOI
$25,512/yr
Net Cash Flow
$210/mo
Cash Margin
7.5%18
Cash Flow Index
18.2/ 100
Risk Profile
Weight: 20%
DSCR
1.1136
LTV Ratio
80.0%18
Vacancy Buffer
4.1 mo70
Risk Index
41.6/ 100

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

Comparables

Properties near 299 Mill Road 1502

Time

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