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New5 hours ago

LPH1840 - 121 Lower Sherbourne Street

Waterfront Communities C8, Toronto

$540,000

Condo Apartment |
1 + 1 | 2 | 0 | 0
About this home

Location, Location, Location! Located at the heart of Toronto's Entertainment and Art District. Steps away from two renowned performing arts theatres, the Young People's Theatre and the Canadian Opera Company Theatre. Within walking distance to the St. Lawrence Market, Distillery District, Corktown, George Brown St. James Campus, Waterfront Trails, Restaurants, Bars, Cafes, Toronto Public Library, Grocery Stores, Public Transit, Banks and Everyday Amenities. And just minutes away from the Financial District, Union Station, Sugar Beach, and Canary District. Very Accessible via Public Transit (TTC, Subway) and by Highway (Gardiner Expressway and DVP). This Building boosts an impressive list of amenities such as 24 Hour Concierge, Gym, Exercise Room, Party Room, Rooftop Terrace, Outdoor Infinity Pool, Ample Visitor Parking just to name a few. It is the place to be for the full Downtown living experience!

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agent
Angela Montano
(647) 283-2643
TypeCondo Apartment
StyleApartment
Approx. Age0-5
Size500-599 sq. ft.
Maintenance Fees$477
LockerNone
BalconyOpen
ExposureEast
Parking TypeUnderground
Parking Spaces0
Parking FeaturesNone
Property Tax$2,617
mls© NumberC13720870
Listed ByFIRST CLASS REALTY INC.
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%
$2,764
Property tax
$218
Heat allowance
$150
Condo fees, half counted
$239
Housing costs
$3,371 / mo

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

Down payment20% · $108,000
25-yr amortization

Income needed

$104,000

gross annual household income

Payment at 4%
$2,272 / mo
Cash down
$108,000

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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