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New4 hours ago

504 - 117 Gerrard Street E

Church-Yonge Corridor, Toronto

$350,000

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

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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agent
Angela Montano
(647) 283-2643
TypeCondo Apartment
StyleBachelor/Studio
Approx. AgeNot available
Size500-599 sq. ft.
Maintenance Fees$700
LockerNone
BalconyNone
ExposureEast
Parking TypeUnderground
Parking Spaces0
Parking FeaturesNone
Property Tax$1,848
mls© NumberC13735648
Listed ByREMAX YOUR COMMUNITY REALTY
None

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.

Down payment20% · $70,000
25-yr amortization

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 check

Investment Analysis

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

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