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Investment signal

$609,000

511 - 2791 EGLINTON AVENUE E

Beds

Baths

Sqft

—

Year

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Location

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About this home

Welcome to this modern Mattamy-built condo townhouse in one of Toronto's most exciting and fast-growing master-planned communities. This home features MPAC-verified square footage and accurate maintenance fee details, giving buyers confidence in the information provided. This bright, spacious one-level layout offers 2 large bedrooms, 2 full bathrooms, and a versatile den/nook with no stairs to climb. The airy interiors feature 9-foot ceilings, expansive windows, and an open-concept design perfect for modern living. The primary bedroom includes an additional nook ideal for a home office, nursery, or even a third sleeping space. Step out onto the open balcony perfect retreat to relax after a busy day. Bike storage, plenty of visitor parking, and access to a discounted Rogers internet package. This community is perfectly positioned just steps from the upcoming brand-new subway line and close to the Eglinton GO Station, making commuting across Toronto effortless. Surrounded by shops, restaurants, parks, and daily conveniences, this home offers the best of urban living with future growth potential. With a low maintenance fee, verified square footage, and modern finishes, this is the ideal starter home for first-time buyers or a smart investment opportunity in one of East Toronto's most promising neighborhoods. (id:65958)

Subtype: Single Family
Structure: Row / Townhouse
Community: Eglinton East
Common interest: Condo/Strata
Bedrooms: 2 above grade
Parking: 1 total
Condo/HOA fee: $413 monthly
On market: Apr 7, 2026
Status changed: Apr 17, 2026
Annual tax: $2,439
Photos: 21
MLS#: E12967466
Area: TORONTO_(EGLINTON_EAST)

Features and systems

Parking

GarageUnderground

Basement

None

Appliances

WasherRefrigeratorDishwasherStoveDryerOven - Built-InHood FanWindow CoveringsWater Heater - TanklessWater Heater

Heating

Forced airNatural gas

Cooling

Central air conditioning

Exterior

BrickBrick Facing

Foundation

ConcreteBrick

Lot

SlopingBalcony

Community

School BusPets Allowed With Restrictions

Security

Smoke Detectors

Fee includes

Common Area MaintenanceParking

Negative cash flow ~$1,212/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)2026 default 5.49% — adjust to your rate holdAmortization (years)

Cash on cash

-11.94%

Cap rate

3.50%

GRM

16.6

Break-even rent

$4,326

Financing

Down payment$121,800

Loan amount$487,200

Mortgage$2,989/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$279

Insurance$80

Maintenance$508

CapEx reserve$254

Vacancy loss$153

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Lifestyle nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Toronto (Eglinton East). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $2,989/mo at 5.49% with 20% down, 25-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 17, 2026.