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New2 hours ago

509 - 297 College Street

Kensington-Chinatown, Toronto

$580,000

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

Freshly Painted Spacious One Bedroom Plus Den Condo Suite In The College Condominium at Spadina By Tribute Communities. Highly functional layout with 9Ft Ceiling. Galley Kitchen With Quartz Countertop, Kitchen cabinetry with taller uppers, Breakfast Bar, Upgraded Backsplash & Built-In Appliances. Functional Den That Can Be Used As 2nd Bedroom/Study/Office. Close To Uoft, Public Transit, Bank, Kensington Market, Shops, Restaurants & Many More. Direct access to T&T Supermarket which is on 2nd floor of building. Great Building Amenities: 24Hr Concierge, Gym, Roof Terrace with outdoor BBQ area, Media Room, Games Room & Guest Suite.

Extras

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Got questions?

Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeCondo Apartment
StyleApartment
Approx. Age6-10
Size500-599 sq. ft.
Maintenance Fees$504
LockerNone
BalconyOpen
ExposureSouth West
Parking TypeUnderground
Parking Spaces0
Parking FeaturesNone
Property Tax$2,862
mls© NumberC13650704
Listed ByKW Living Realty
Common Elements Included
Building Insurance 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%
$2,969
Property tax
$239
Heat allowance
$150
Condo fees, half counted
$252
Housing costs
$3,609 / mo

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

Down payment20% · $116,000
25-yr amortization

Income needed

$111,000

gross annual household income

Payment at 4%
$2,441 / mo
Cash down
$116,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

Values and trends

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