385 Paseo Private UNIT 7, South of Baseline to Knoxdale

$440,000
385 Paseo Private UNIT 7

$440,000

New
39d
Condo Apartment1 Storey/Apt

385 Paseo Private UNIT 7, South of Baseline to Knoxdale

Total Monthly Obligation $2,543

Beds
2
Baths
2
Park
1
Sqft
1000-1199
DOM
39d
Score
22
Yield
6.4%
Cash on Cash
-0.5%
Cap Rate
4.5%
5Y IRR
15.2%
10Y IRR
14.3%
Property Type-Condo Apartment
MLS® Number-X13779550
Beds-2
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Sep 14, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Taxes-$3,574.57 (2026)
Maintenance-$270/mo
Locker-None
Parking-1 - None
Basement-None
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE TEAM REALTY
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick, Stone
Possession-TBA
Neighbourhood-7607 - Centrepointe
Title-Residential Condo & Other

No agent assigned

Park views, stunning sunsets and beautifully appointed interiors come together in this exceptional third-floor condo in the heart of Centrepointe. Backing directly onto Centrepointe Park this beautifully maintained home offers gorgeous views of mature trees and green space with breathtaking sunsets from your private balcony. The spacious open-concept living and dining area features hardwood flooring throughout, pot lights and custom draperies. The bedrooms feature custom blinds and blackout roller shades for added comfort and privacy. The well-appointed eat-in kitchen showcases timeless shaker cabinetry, granite countertops, a generous island with double sink, deep pantry cabinet and broom closet with plenty of workspace and storage. The primary bedroom features a double closet with upgraded closet doors while the second bedroom provides flexibility for guests or a home office. The beautifully finished main bathroom features granite countertops, ample cabinetry and a relaxing whirlpool tub. A convenient powder room adds extra functionality while two linen closets provide additional storage. In-unit laundry adds everyday practicality. Additional highlights include an owned on-demand hot water system and abundant natural light. Convenient front and rear stairwell access makes getting to and from the unit easy. Step outside and enjoy direct access to Centrepointe Park and its walking and biking paths. When you're ready for a night out or an easy dinner close to home, the Royal Oak is right across the street. Ideally located close to Baseline Station, Algonquin College, College Square, shopping, restaurants, the library, Meridian Theatres and Highway 417. Whether you are a first-time buyer, professional, downsizer or investor this is an opportunity to enjoy a beautifully finished home in a peaceful park-side setting with exceptional views and low condo fees. Conveniently located parking spot #81.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$352,000
Land Transfer Taxes$5,275
Legal Fees (Est.)
$
Total cash required for closing$94,775

Total Monthly Obligation

$2,543/mo
Mortgage $1,775
Monthly Loss $2,076
Principal$467
Interest$1,308
Property Tax$298
Condo Fees$270
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.6%23
Cash-on-Cash
-5.7%2
5-Year IRR
11.3%45
10-Year IRR
11.7%
Returns Index
23.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
22/ 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
$27,960/yr
NOI
$15,949/yr
Net Cash Flow
-$446/mo
Cash Margin
-19.1%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.7512
LTV Ratio
80.0%18
Vacancy Buffer
3.8 mo65
Risk Index
31.6/ 100

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

Comparables

Properties near 385 Paseo Private UNIT 7

Time

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