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New2 days ago

405 - 18 Maitland Terrace

Church-Yonge Corridor, Toronto

$1,595,000

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

A rare and expansive 1,550 sq.ft. two-storey loft-style suite at Tea House Condos, offering three bedrooms, three bathrooms, and exceptional flow for both daily living and urban entertaining. The suite's parking spot is conveniently located on the same level as the unit, providing effortless daily access to the building and suite without needing an elevator Residents enjoy effortless access to world-class amenities curated by award-winning designer Studio Munge. Experience a resort-inspired lifestyle featuring an outdoor pool, four restorative indoor Onsen pools with varying water temperatures, a Zen rock lounge, fitness studio, yoga room, pet spa, private theatre rooms, and a beautifully appointed party room with formal dining, fireplace lounge, and seamless indoor/outdoor entertainment areas with BBQ terrace. Ideally situated in the heart of the city, the building is steps to major employment hubs, leading hospitals, universities, luxury shopping destinations, and cultural landmarks. Pictures are from previous listing.

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agent
Angela Montano
(647) 283-2643
TypeCondo Apartment
StyleLoft
Approx. Age0-5
Size1400-1599 sq. ft.
Maintenance Fees$1,385
LockerOwned
BalconyTerrace
ExposureWest
Parking TypeOther
Parking Spaces1
Parking FeaturesNone
Property Tax$7,873
mls© NumberC13681726
Listed ByCHESTNUT PARK REAL ESTATE LIMITED
Building Insurance Included
Common Elements Included

Listing History

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

Schools

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What the bank counts

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

Mortgage, tested at 6%
$8,164
Property tax
$656
Heat allowance
$150
Condo fees, half counted
$693
Housing costs
$9,663 / mo

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

Down payment20% · $319,000
25-yr amortization

Income needed

$297,000

gross annual household income

Payment at 4%
$6,712 / mo
Cash down
$319,000

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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