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New2 hours ago

2208 - 501 Yonge Street

Church-Yonge Corridor, Toronto

$508,000

Condo Apartment |

1 + 1 | 1 | 0 | 1

About this home

Client RemarksWonderful Location at Yonge & Wellesley!Two-Year-New 1 Bed + Den at Teahouse Condos. Den Can Be Used as 2nd Bedroom or Home Office. 9' Ceilings & Laminate Flooring Throughout. Spacious Bedroom with Floor-to-Ceiling Windows. Modern Kitchen with Granite Countertop, Backsplash & S/S Appliances. Marble Vanity in Bath. Unobstructed East Sunrise View.Steps to U of T, TMU, Subway, Shops, Restaurants, Hospitals.Five-Star Amenities: 24/7 Concierge, Gym, Rooftop Pool & Patio, Hot/Cold Plunge Pools, Party Room with Wet Bar, Lounges, Billiards, Boardroom, Theatre & More!

Extras

No extras listed.

Type	Condo Apartment
Style	Apartment
Approx. Age	0-5
Size	0-499 sq. ft.
Maintenance Fees	$402
Locker	Owned
Balcony	Open
Exposure	East
Parking Type	Underground
Parking Spaces	0
Parking Features	None
Property Tax	$2,758
mls© Number	C13629136
Listed By	HOMELIFE LANDMARK REALTY INC.

Heat Included
Water Included
CAC Included
Common Elements Included
Building Insurance Included

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%: $2,600
Property tax: $230
Heat allowance: $150
Condo fees, half counted: $201
Housing costs: $3,181 / mo

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

Down payment20% · $101,600

Interest rate (%)

25-yr amortization

Income needed

$98,000

gross annual household income

Payment at 4%: $2,138 / mo
Cash down: $101,600

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

Listing History

No recent sale history for this listing.

No recent lease history for this listing.

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