1599 Lassiter Terrace 503, Beacon Hill North - South and Area

$250,000
1599 Lassiter Terrace 503

$250,000

New
15d
Condo Apartment1 Storey/Apt

1599 Lassiter Terrace 503, Beacon Hill North - South and Area

Total Monthly Obligation $2,255

Beds
2
Baths
1
Park
1
Sqft
800-899
DOM
15d
Score
24
Yield
10.7%
Cash on Cash
2.6%
Cap Rate
5.1%
5Y IRR
17.6%
10Y IRR
16.3%
Property Type-Condo Apartment
MLS® Number-X13881316
Beds-2
Bathrooms-1
Size-800-899 sqft
Listed on site-Oct 8, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Taxes-$2,562.91 (2026)
Maintenance-$833/mo
Locker-Exclusive
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-REMAX BOARDWALK REALTY
Cooling-Central Air
Laundry-No
Fireplace-Living Room, Electric
Pool-None
Exterior-Brick
Possession-TBD
Neighbourhood-2105 - Beaconwood
Title-Residential Condo & Other

No agent assigned

Discover easy, low-maintenance living in the heart of Beaconwood! This bright, spacious 2-bedroom condo offers a smart layout ideal for first-time buyers, downsizers, or anyone seeking convenience. The crisp white kitchen has ample cabinetry with room for a breakfast nook, while the dining area overlooks a sunken living room, which is perfect for everyday living and entertaining. Patio doors open to a private balcony for morning coffee or evening relaxation. A separate bedroom wing adds privacy, with two well-sized bedrooms sharing a 4-piece bath, plus a large in-unit storage closet. Amenities include an outdoor pool, party room, guest suites, and bike storage, along with one parking space and a storage locker. The building is well maintained and within walking distance of parks, shopping, transit, and schools, making this a wonderful opportunity in one of Beaconwood's most established communities!

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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$200,000
Land Transfer Taxes$2,225
Legal Fees (Est.)
$
Total cash required for closing$53,725

Total Monthly Obligation

$2,255/mo
Mortgage $1,008
Monthly Loss $1,990
Principal$265
Interest$743
Property Tax$214
Condo Fees$833
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.7%24
Cash-on-Cash
-5.5%2
5-Year IRR
12.1%50
10-Year IRR
12.8%
Returns Index
25.8/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
24/ 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
$26,796/yr
NOI
$9,157/yr
Net Cash Flow
-$245/mo
Cash Margin
-11.0%1
Cash Flow Index
0.6/ 100
Risk Profile
Weight: 20%
DSCR
0.7612
LTV Ratio
80.0%18
Vacancy Buffer
4.2 mo73
Risk Index
34.4/ 100

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

Comparables

Properties near 1599 Lassiter Terrace 503

Time

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