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600 - 38 Elm Street
Bay Street Corridor, Toronto
$550,000
Welcome to Minto Plaza, where sophisticated design meets an exceptional downtown location. This beautifully renovated 781 sq. ft. executive one-bedroom suite offers a thoughtfully designed layout with approximately $150,000 in quality upgrades.The spacious king-size bedroom features a walk-in closet and beautifully appointed ensuite finished in terrazzo tile, with a wall-to-wall rain shower and recessed lighting. The custom kitchen showcases integrated cabinetry, a quartz waterfall backsplash and Bosch appliances, while wide-plank Scandinavian-style hardwood flooring and built-in storage add warmth, style and functionality throughout. A generous living and dining area and large windows complete this impressive downtown residence.Located on a quiet, tree-lined street full of restaurants and patios in the heart of Toronto, Minto Plaza is just steps from the subway, Eaton Centre, restaurants, shops, hospitals, universities and the Financial District.Residents enjoy an impressive selection of amenities including 24-hour concierge, indoor lap pool, gym, sauna, party room, billiards room and garden terrace. Locker included.Additional Features & Inclusions: Bosch refrigerator, integrated dishwasher, stove and ceramic cooktop; stacked washer and dryer, lighting with dimmers, custom built-in storage throughout. Renovation completed by licensed luxury contractor Condovate Interiors.Nothing to do but Move in and Enjoy!
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| Type | Condo Apartment |
| Style | Apartment |
| Approx. Age | New |
| Size | 700-799 sq. ft. |
| Maintenance Fees | $910 |
| Locker | Exclusive |
| Balcony | None |
| Exposure | North West |
| Parking Type | None |
| Parking Spaces | 0 |
| Parking Features | None |
| Property Tax | $3,060 |
| mls© Number | C13789624 |
| Listed By | RE/MAX REALTY ENTERPRISES INC. |
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%
- $2,815
- Property tax
- $255
- Heat allowance
- $150
- Condo fees, half counted
- $455
- Housing costs
- $3,675 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$113,000
gross annual household income
- Payment at 4%
- $2,314 / mo
- Cash down
- $110,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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