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New5 days ago

3806 - 318 Richmond Street W

Waterfront Communities C1, Toronto

$1,150,000

Condo Apartment |
3 | 2 | 1 | 1
About this home

Spacious and Stunning 3 Bed, 2 Bath W/ Premium Finishes And Modern Design. Highly Desirable W Exposure W/ Sunrise and sunset View. Bright And Airy Throughout. Beautiful Contrasting Laminate. Gorgeous upgraded Kitchen W/ Ample Cabinetry, Backsplash, Integrated Fridge & Dw. Bright Wr W/ B/I Cabinetry, beautiful and spacious kitchen island with additional storage. Master bedroom with his and hers large ensuite vanity; both bathrooms have upgraded vanity's. Master W/ W/O To Balcony And Large Closet, and additional walk out balcony from living room. In-Demand Location, Richmond St W. Close To Transit, Nightlife, Restaurants, Shops, Movie Theater. OWNER OCCUPIED for 8 years, and last year Tenant Occupied. This is a must see home for an executive, or a growing family looking for space with the ease of downtown living. Owners spent additional money on upgrades for themselves. Home is beautifully maintained and move-In Ready! Parking and Locker included. Triple AAA tenants willing to stay for those looking to buy for investment at $5125/ month + Utilities

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agent
Angela Montano
(647) 283-2643
TypeCondo Apartment
StyleApartment
Approx. Age6-10
Size1200-1399 sq. ft.
Maintenance Fees$12,907
LockerOwned
BalconyOpen
ExposureSouth West
Parking TypeUnderground
Parking Spaces1
Parking FeaturesUnderground
Property Tax$6,613
mls© NumberC13675062
Listed ByCENTURY 21 LEADING EDGE REALTY INC.
Heat Included
Water Included
Parking Included
Building Insurance Included
Common Elements Included

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

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Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$5,886
Property tax
$551
Heat allowance
$150
Condo fees, half counted
$6,453
Housing costs
$13,041 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $230,000
25-yr amortization

Income needed

$401,000

gross annual household income

Payment at 4%
$4,839 / mo
Cash down
$230,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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