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New2 hours ago

PH31 - 250 Wellington Street W

Waterfront Communities C1, Toronto

$349,000

Condo Apartment |
1 | 1 | 0 | 0
About this home

Welcome to The Luxury Icon - an exceptional opportunity to own a penthouse suite in the heart of Toronto's Financial and Entertainment Districts.This bright and stylish 516 sq. ft. junior one-bedroom corner suite features high ceilings, hardwood flooring throughout and a smart, functional layout that makes excellent use of the space. Perfect for a first-time buyer, investor, executive rental or short-term rental opportunity, this suite offers incredible flexibility in one of downtown Toronto's most sought-after locations. Step outside your door and walk to virtually everything-world-class restaurants, nightlife, entertainment, shopping, the Financial District, transit and more. A truly AAA location for both lifestyle and investment. The Luxury Icon is a well-managed building with an impressive range of amenities, including 24-hour concierge, fitness room, lap resistance pool, party room, work-spaces and a rooftop patio with BBQ terrace. Whether you are looking to get into the downtown market, build an investment portfolio or, take advantage of the demand for executive and short-term accommodations, this is an opportunity worth exploring. A fantastic downtown offering with high ceilings, an unbeatable location and exceptional lifestyle and investment potential.

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agent
Angela Montano
(647) 283-2643
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size500-599 sq. ft.
Maintenance Fees$576
LockerNone
BalconyNone
ExposureNorth
Parking TypeUnderground
Parking Spaces0
Parking FeaturesNone
Property Tax$2,210
mls© NumberC13690816
Listed ByREAL ESTATE HOMEWARD
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%
$1,786
Property tax
$184
Heat allowance
$150
Condo fees, half counted
$288
Housing costs
$2,408 / mo

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

Down payment20% · $69,800
25-yr amortization

Income needed

$74,000

gross annual household income

Payment at 4%
$1,469 / mo
Cash down
$69,800

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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