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New4 days ago

1003 - 438 Richmond Street W

Waterfront Communities C1, Toronto

$675,000

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

Your perfect space in the perfect location has arrived. Large 800+sf newly renovated suite in well renowned art deco style building "The Morgan". More like a solid NYC luxury apartment than your typical cookie cutter glass and concrete condo in Toronto. This building was built to last, is well maintained and comes complete with 24 hour concierge, in house gym, party room, meeting room, library, and *free* underground visitor parking. Location location location: The Morgan offers the ultimate in convenience with shops, restaurants and the best entertainment in the city. You also get your own underground parking space and storage locker included in this price!

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size800-899 sq. ft.
Maintenance Fees$777
LockerOwned
BalconyOpen
ExposureNorth
Parking TypeUnderground
Parking Spaces1
Parking FeaturesNone
Property Tax$3,675
mls© NumberC13719820
Listed ByREAL ESTATE HOMEWARD
Heat Included
Water Included
CAC Included
Common Elements Included
Building Insurance Included
Parking Included

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

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Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$3,455
Property tax
$306
Heat allowance
$150
Condo fees, half counted
$388
Housing costs
$4,300 / mo

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

Down payment20% · $135,000
25-yr amortization

Income needed

$132,000

gross annual household income

Payment at 4%
$2,841 / mo
Cash down
$135,000

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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