2650 Southvale Crescent 508, Elmvale Acres and Area

$290,000
2650 Southvale Crescent 508

$290,000

New
29d
Condo ApartmentApartment

2650 Southvale Crescent 508, Elmvale Acres and Area

Total Monthly Obligation $2,513

HausQ Valuation Report
Beds
2
Baths
2
Park
1
Sqft
1200-1399
DOM
29d
Score
34
Yield
12.2%
Cash on Cash
10.7%
Cap Rate
6.9%
5Y IRR
24.2%
10Y IRR
21.8%
Property Type-Condo Apartment
MLS® Number-X13824854
Beds-2
Bathrooms-2
Size-1200-1399 sqft
Listed on site-Sep 24, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$2,728 (2026)
Maintenance-$916/mo
Locker-Common
Parking-1 - Underground
Basement-None
Heating-Baseboard (Gas)
Brokerage-EXP REALTY
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick
Possession-TBA
Neighbourhood-3705 - Sheffield Glen/Industrial Park
Title-Residential Condo & Other

No agent assigned

Welcome to Unit 508 at 2650 Southvale Crescent, a two-level condo offering the layout and separation of a home with the convenience of condo living.The main level features a bright open layout with a functional kitchen, dedicated dining area and spacious living room. Step outside to the private balcony, a comfortable spot to enjoy natural light and evening sunsets.Upstairs, two generously sized bedrooms are set apart from the main living areas. This thoughtful layout provides added privacy and a clear separation between living and sleeping spaces.Residents have access to a range of amenities including an outdoor pool, exercise centre, sauna and party room. The location also offers convenient access to shopping, public transit, parks and major routes.A practical option for first-time buyers, downsizers or investors seeking a versatile condo layout in a convenient community.

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Closing Costs

Mortgage Amount
$232,000
Land Transfer Taxes$2,825
Legal Fees (Est.)
$
Total cash required for closing$62,325

Total Monthly Obligation

$2,513/mo
Mortgage $1,170
Monthly Loss $2,205
Principal$308
Interest$862
Property Tax$227
Condo Fees$916
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
5.4%43
Cash-on-Cash
2.6%14
5-Year IRR
18.5%87
10-Year IRR
17.9%
Returns Index
49.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
34/ 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
$35,328/yr
NOI
$15,675/yr
Net Cash Flow
$136/mo
Cash Margin
4.6%11
Cash Flow Index
11.2/ 100
Risk Profile
Weight: 20%
DSCR
1.1237
LTV Ratio
80.0%18
Vacancy Buffer
3.8 mo65
Risk Index
40.0/ 100

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

Comparables

Properties near 2650 Southvale Crescent 508

Time

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