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New5 hours ago

1506 - 8 Tippett Road

Clanton Park, Toronto

$599,000

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

Elegantly Designed Condo In A Prime Location Steps To The Subway Station. Minutes To The Hwy 401/404, Allen Rd, Yorkdale Mall, York University, Humber River Hospital, Costco, Grocery Stores, Restaurants, & Parks Inc. New Central Park! Unit Features Floor-to-ceiling Windows, Tasteful Modern Finishes. Extras: Den Can Be Used As A 3rd Bedroom!

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BrokerHub Inc.
(647) 254-1864
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size800-899 sq. ft.
Maintenance Fees$719
LockerOwned
BalconyEnclosed
ExposureSouth
Parking TypeUnderground
Parking Spaces1
Parking FeaturesNone
Property Tax$3,589
mls© NumberC13858404
Listed ByHC REALTY GROUP INC.
CAC Included
Building Insurance 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%
$3,066
Property tax
$299
Heat allowance
$150
Condo fees, half counted
$360
Housing costs
$3,875 / mo

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

Down payment20% · $119,800
25-yr amortization

Income needed

$119,000

gross annual household income

Payment at 4%
$2,521 / mo
Cash down
$119,800

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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