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New1 hour ago

707 - 298 Jarvis Street

Church-Yonge Corridor, Toronto

$579,000

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

Unlock the income potential of this bright, spacious, and highly functional 2-bedroom + 2-den suite (dens can easily be used as additional bedrooms). Currently leased to AAA tenants, this is an exceptional investment opportunity or an ideal home for large families, students, or buyers seeking strong rental income potential. The thoughtfully designed layout features laminate flooring throughout, a functional kitchen with a stylish backsplash, and 2 full bathrooms. Primary bedroom offers a large window, a 4-piece ensuite, and his-and-hers closets, 2nd bedroom and both dens feature floor-to-ceiling windows that flood the space with natural light. Enjoy an outstanding selection of building amenities, including an indoor pool, fitness centre, sauna, steam room, and squash court. Located in the heart of downtown Toronto, you're just steps from Toronto Metropolitan University, York University's downtown campus, CF Toronto Eaton Centre, Yonge-Dundas Square, TTC transit, restaurants, shopping, and entertainment. Directly across from historic Allan Gardens, the suite also enjoys beautiful downtown skyline views. Includes one parking space and one locker. All utilities are included in the maintenance fees.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size1000-1199 sq. ft.
Maintenance Fees$1,668
LockerOwned
BalconyNone
ExposureSouth West
Parking TypeUnderground
Parking Spaces1
Parking FeaturesNone
Property Tax$3,415
mls© NumberC13642956
Listed ByHOMELIFE BROADWAY REALTY INC.
Heat Included
Water Included
Building Insurance Included
CAC Included
Parking Included
Hydro 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%
$2,964
Property tax
$285
Heat allowance
$150
Condo fees, half counted
$834
Housing costs
$4,232 / mo

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

Down payment20% · $115,800
25-yr amortization

Income needed

$130,000

gross annual household income

Payment at 4%
$2,437 / mo
Cash down
$115,800

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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