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New2 hours ago

1303 - 24 Wellesley Street W

Bay Street Corridor, Toronto

$529,000

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

Welcome to this updated spacious 1 bedroom plus den condo offering approximately 792 sq. ft. of stylish, comfortable living space. Den can be used as a small bedroom. Wide-plank hardwood floors flow throughout, complementing the kitchen with stainless steel appliances, including fridge, stove, dishwasher and range hood, overlooking the expansive combined living and dining area. A rare and highly desirable layout features two bathrooms, while the generous primary bedroom boasts a large walk-in closet and a spectacular ensuite with separate bathtub and shower. Ensuite laundry, owned parking and locker add convenience and functionality. Even better, maintenance fees include all utilities, and cable and internet! Enjoy an impressive array of amenities, including newly renovated corridors, 24-hour concierge, a gym with breathtaking views of the downtown core, yoga room, party room, outdoor terrace with spa, and abundant visitor parking. Ideally located just minutes from the University of Toronto, Wellesley St. subway station, the Hospital District and the downtown business corridor-this is an exceptional opportunity to enjoy space, style and convenience in one of Toronto's most connected locations in the Bay St Corridor.

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agent
Angela Montano
(647) 283-2643
TypeCondo Apartment
StyleApartment
Approx. Age31-50
Size700-799 sq. ft.
Maintenance Fees$1,024
LockerOwned
BalconyNone
ExposureSouth
Parking TypeUnderground
Parking Spaces1
Parking FeaturesPrivate
Property Tax$3,238
mls© NumberC13708210
Listed ByFOREST HILL REAL ESTATE INC.
Heat Included
Hydro Included
Water Included
Cable TV Included
CAC Included
Common Elements Included
Building Insurance Included
Parking 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%
$2,708
Property tax
$270
Heat allowance
$150
Condo fees, half counted
$512
Housing costs
$3,639 / mo

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

Down payment20% · $105,800
25-yr amortization

Income needed

$112,000

gross annual household income

Payment at 4%
$2,226 / mo
Cash down
$105,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

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