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New1 day ago

501 - 7 Bishop Avenue

Newtonbrook East, Toronto

$629,000

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

Welcome to this newly renovated condo offering the perfect blend of comfort, style, and convenience in the heart of North York! This bright and airy condo features 2+1 bedrooms and 2 bathrooms with spacious living and dining areas, ideal for both relaxing and entertaining. Large windows and pot lights fill the space with plenty of light, creating a warm and inviting atmosphere throughout. Enjoy the convenience of ensuite laundry and 24-hour concierge. Included in this move-in ready condo are 2 storage lockers, and 2 parking spots in the condominium's underground parking garage. Additional amenities this condominium has to offer include a fitness center, sauna, squash/racquet court, indoor pool, visitor paring, and much more. Direct underground access to Finch Subway Station nd conveniently located near Yonge Street shopping, dining, public transportation, and parks - this condo is deal for commuters and those seeking vibrant city living with neighborhood charm. Don't miss this opportunity to own a move-in ready condo in a highly desirable location!

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agent
Angela Montano
(647) 283-2643
TypeCondo Apartment
Style1 Storey/Apt
Approx. AgeNot available
Size1200-1399 sq. ft.
Maintenance Fees$1,196
LockerOwned
BalconyTerrace
ExposureSouth West
Parking TypeUnderground
Parking Spaces1
Parking FeaturesNone
Property Tax$2,843
mls© NumberC13686398
Listed ByKELLER WILLIAMS REFERRED URBAN REALTY
Heat Included
Hydro Included
Water Included
CAC Included
Common Elements Included
Building Insurance Included

Listing History

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

Schools

Could you afford this home?

What the bank counts

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

Mortgage, tested at 6%
$3,220
Property tax
$237
Heat allowance
$150
Condo fees, half counted
$598
Housing costs
$4,204 / mo

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

Down payment20% · $125,800
25-yr amortization

Income needed

$129,000

gross annual household income

Payment at 4%
$2,647 / mo
Cash down
$125,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

Values and trends

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