3 Marine Parade Drive 506, Toronto W06

$599,000
3 Marine Parade Drive 506

$599,000

New
2d
Condo ApartmentApartment

3 Marine Parade Drive 506, Toronto W06

Total Monthly Obligation $4,282

HausQ Valuation Report
Beds
2
Baths
2
Park
1
Sqft
1200-1399
DOM
2d
Score
20
Yield
8.0%
Cash on Cash
-1.2%
Cap Rate
4.3%
5Y IRR
14.6%
10Y IRR
13.9%
Property Type-Condo Apartment
MLS® Number-W14104082
Beds-2
Bathrooms-2
Size-1200-1399 sqft
Listed on site-Oct 21, 2026
Style-Apartment
Building Type-Condo Apartment
Age-16-30
Taxes-$4,642.23 (2026)
Maintenance-$1,279.27/mo
Locker-Owned
Parking-1 - Underground
Basement-Other
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE TERREQUITY REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick, Concrete
Possession-Immediate TBA
Neighbourhood-Mimico
Title-Residential Condo & Other

No agent assigned

Welcome to one of the largest suites in "Hearthstone by the Bay". Retirement living with a country club atmosphere. Space for all the furniture from your home. Open Concept Principle Rooms perfect for entertaining. Sun filled Breakfast room. Two Spacious bedrooms, primary with tandem sunroom or convenient office, second has a walkout to a balcony. Stroll to Humber Bay Park, Waterfront trails or a variety of services and restaurants. The mandatory club fee of $1990.85 + HST includes a variety of services and amenities, including a credit of $298.40 towards the onsite restaurant - You really must try their Tomato Basil soup! - four hours of housekeeping per month, 24 hour nurse on duty, a vibrant social committee and monthly agenda, fitness classes and shuttle bus service. Should you need additional services and health care are available a la carte. A second occupant is charged at $274.34 + HST per month. Exceptional front desk concierge always willing to help. Fantastic resort style amenities: Games Room with pool table, Library, Dining Room, Pub, Outdoor terraces, Fitness Centre and Hydra Pool, Movie Theatre & Hair Salon. A condo to own with parking and locker and a community to belong to. "Other" are two open air balconies.

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

Closing Costs

Mortgage Amount
$479,200
Land Transfer Taxes$8,455
Legal Fees (Est.)
$
Total cash required for closing$129,755

Total Monthly Obligation

$4,282/mo
Mortgage $2,416
Monthly Loss $3,647
Principal$636
Interest$1,780
Property Tax$387
Condo Fees$1,279
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.5%22
Cash-on-Cash
-6.4%2
5-Year IRR
11.0%42
10-Year IRR
11.7%
Returns Index
22.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
20/ 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
$47,940/yr
NOI
$20,753/yr
Net Cash Flow
-$687/mo
Cash Margin
-17.2%0
Cash Flow Index
0.2/ 100
Risk Profile
Weight: 20%
DSCR
0.7211
LTV Ratio
80.0%18
Vacancy Buffer
2.2 mo35
Risk Index
21.3/ 100

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

Comparables

Properties near 3 Marine Parade Drive 506

Time

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