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New57 minutes ago

5504 - 8 The Esplanade N/A

Waterfront Communities C8, Toronto

$1,002,320

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

Unit 5504 At The L Tower Is A Fantastic North West Corner Unit That Offers Fantastic 2 Bedroom And 2 Bath Setup With Breathtaking City And Water Views! Floor To Ceiling Window Throughout, Filling The Entire Unit With Light. Steps To St Lawrence Market, Union Station, Financial Centre, Entertainment, The Distillery, The Harbour Front, Scotiabank Arena, Roger Centre And The Airports. Living In The 6Ix Cannot Get Any More Convenient Than This Location. Building Amenities: Gym, Indoor Pool, Sauna, Theatre Room, Party/Meeting Room, Guest Suites Etc.***CN Tower is no longer visible, as it is blocked by CIBC North Tower; Photos are from Previous Listing Prior to Current Tenant, Actual Current Setup and Furniture at the Property Are Different from the photos***

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agent
Angela Montano
(647) 283-2643
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size1000-1199 sq. ft.
Maintenance Fees$1,219
LockerOwned
BalconyNone
ExposureNorth West
Parking TypeUnderground
Parking Spaces1
Parking FeaturesNone
Property Tax$6,115
mls© NumberC13716608
Listed BySOTHEBY'S INTERNATIONAL REALTY CANADA
Heat Included
CAC Included
Water Included

Listing History

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

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What the bank counts

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

Mortgage, tested at 6%
$5,130
Property tax
$510
Heat allowance
$150
Condo fees, half counted
$610
Housing costs
$6,399 / mo

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

Down payment20% · $200,464
25-yr amortization

Income needed

$197,000

gross annual household income

Payment at 4%
$4,218 / mo
Cash down
$200,464

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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