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New2 hours ago

1710 - 501 Yonge Street

Church-Yonge Corridor, Toronto

$550,000

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

Welcome To Teahouse Condos In The Heart Of Downtown Toronto! Bright & Functional 1+Den Suite, Approx. 536 Sq.Ft., Featuring Desirable South Exposure With Open City & Lake Views. Floor-To-Ceiling Windows Bring In Abundant Natural Light, While The Large Balcony Extends The Living Space Outdoors. Modern Open-Concept Kitchen With Built-In Appliances, Laminate Flooring Throughout, And A Separate Den Ideal For A Home Office Or Study. Steps To Wellesley & College Subway Stations, U Of T, TMU, Major Hospitals, Yorkville, Shopping, Restaurants, Groceries & Everyday Conveniences. Excellent Building Amenities Include 24/7 Concierge, Gym, Pool, Sauna, Media/Theatre Room, Party & Meeting Rooms And More. An Excellent Opportunity For End Users, Professionals, Parents Or Investors Seeking A Prime Downtown Toronto Location!

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agent
Angela Montano
(647) 283-2643
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size500-599 sq. ft.
Maintenance Fees$441
LockerNone
BalconyOpen
ExposureSouth
Parking TypeNone
Parking Spaces0
Parking FeaturesNone
Property Tax$2,885
mls© NumberC13704338
Listed ByNU STREAM REALTY (TORONTO) INC.
Building Insurance Included
Common Elements 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%
$2,815
Property tax
$240
Heat allowance
$150
Condo fees, half counted
$220
Housing costs
$3,426 / mo

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

Down payment20% · $110,000
25-yr amortization

Income needed

$105,000

gross annual household income

Payment at 4%
$2,314 / mo
Cash down
$110,000

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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