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New16 hours ago

2204 - 197 Yonge Street

Church-Yonge Corridor, Toronto

$489,000

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

Bright & Thoughtfully Designed Suite Featuring a Forever Unobstructed East View, Flooded with Natural Light Through Expansive Windows and 9' Ceilings. Functional Layout with Sleek Sliding Doors, Spacious Centre Island, and Excellent Storage Throughout. Includes a Rare & Valuable Parking Space in the Heart of Downtown Toronto.Located at Prestigious Massey Tower, Just Steps to Dundas Subway Station, Streetcars, Eaton Centre, TMU, U of T, Financial District, Eataly, T&T, H Mart, Longo's, Restaurants, Cafes & Entertainment. Enjoy Luxury Amenities Including 24-Hour Concierge, Fitness Centre, Yoga Studio, Steam Rooms, Party Lounge, Piano Bar-Inspired Social Space, and Stunning Outdoor Terrace with Water Feature.An Exceptional Opportunity for End-Users or Investors Seeking Luxury Downtown Living with Unmatched Convenience, Connectivity & Lifestyle.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeCondo Apartment
StyleApartment
Approx. Age0-5
Size500-599 sq. ft.
Maintenance Fees$907
LockerOwned
BalconyOpen
ExposureEast
Parking TypeNone
Parking Spaces1
Parking FeaturesUnderground
Property Tax$2,948
mls© NumberC13852608
Listed ByBAY STREET GROUP INC.
Heat Included
Common Elements Included
Building Insurance Included
CAC Included

Listing History

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

Schools

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What the bank counts

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

Mortgage, tested at 6%
$2,503
Property tax
$246
Heat allowance
$150
Condo fees, half counted
$453
Housing costs
$3,352 / mo

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

Down payment20% · $97,800
25-yr amortization

Income needed

$103,000

gross annual household income

Payment at 4%
$2,058 / mo
Cash down
$97,800

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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