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504 - 117 Gerrard Street E
Church-Yonge Corridor, Toronto
$350,000
Exceptional Downtown Toronto Condo Offering Outstanding Value, Space, and Convenience! This Bright, East-Facing 597 Sq.Ft. Bachelor Suite Features a Functional, Versatile Layout With A Separate Dining Area And Sun-Filled Solarium. An Excellent Opportunity For First-Time Buyers, Students, Professionals, Parents Purchasing For A Student, Or Investors Seeking A Downtown Toronto Condo In A Highly Walkable Location. Maintenance Fees Include Utilities, High-Speed Internet and Cable, Offering Excellent Value And Predictable Monthly Expenses. The Suite Features A Renovated Bathroom And Plenty Of Potential To Personalize. Ideally Located Steps From Toronto Metropolitan University (TMU), With The University of Toronto, Eaton Centre, The Village, Grocery Stores, Restaurants, Shopping, Transit, and Everyday Amenities Close By. This Quiet Well-Maintained Building Offers 24-Hour Concierge, Visitor Parking, A Rooftop Terrace With BBQ And Hot Tub. Plus A Private Dog Park. An Incredible Opportunity To Own A Spacious Bachelor Condo In The Heart of Downtown Toronto!
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| Type | Condo Apartment |
| Style | Bachelor/Studio |
| Approx. Age | Not available |
| Size | 500-599 sq. ft. |
| Maintenance Fees | $700 |
| Locker | None |
| Balcony | None |
| Exposure | East |
| Parking Type | Underground |
| Parking Spaces | 0 |
| Parking Features | None |
| Property Tax | $1,848 |
| mls© Number | C13735648 |
| Listed By | REMAX YOUR COMMUNITY REALTY |
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%
- $1,791
- Property tax
- $154
- Heat allowance
- $150
- Condo fees, half counted
- $350
- Housing costs
- $2,446 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$75,000
gross annual household income
- Payment at 4%
- $1,473 / mo
- Cash down
- $70,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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