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New4 hours ago

2307 - 55 Centre Avenue

Bay Street Corridor, Toronto

$499,900

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

Prime Location in the Heart of the City! Spacious 1-bedroom condo featuring a bright, open-concept layout, walk-in storage closet, mirrored bedroom closet doors, and a 4-piece washroom. Most of the flooring, as well as the kitchen and washroom, have been upgraded within the last 5 years. Fan coil units have been replaced. Includes a common area, community room, outdoor community space, and an owned parking spot. Owner pays hydro (hydro is not included). Central air included. All rooms are irregularly shaped. Pets permitted. Close to all amenities and just minutes from U of T, Metropolitan University, and George Brown College. Steps to TTC subway, buses, and streetcars. Walking distance to City Hall, Eaton Centre, hospitals, parks, and the library, with easy access to Toronto's commercial and financial districts.

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BrokerHub Inc.
(647) 254-1864
TypeCondo Apartment
StyleMulti-Level
Approx. AgeNot available
Size500-599 sq. ft.
Maintenance Fees$996
LockerNone
BalconyNone
ExposureNorth East
Parking TypeUnderground
Parking Spaces1
Parking FeaturesNone
Property Tax$2,576
mls© NumberC13859328
Listed ByRoyal Heritage Realty Ltd.
Water Included
Common Elements Included
Building Insurance Included
Parking Included

Listing History

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  • 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%
$2,559
Property tax
$215
Heat allowance
$150
Condo fees, half counted
$498
Housing costs
$3,421 / mo

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

Down payment20% · $99,980
25-yr amortization

Income needed

$105,000

gross annual household income

Payment at 4%
$2,104 / mo
Cash down
$99,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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