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New3 hours ago

401 - 616 Avenue Road

Casa Loma, Toronto

$1,489,000

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

A Boutique Address. Room to Live Beautifully with an exceptional sense of light and space in an intimate 27 Unit building in prestigious Forest Hill. This light-filled two-bedroom, two-bathroom residence combines generous principal rooms, custom built-ins and a private balcony with the comfort and convenience of condominium living.The expansive living and dining areas provide plenty of room to entertain, gather with family and friends, or simply enjoy a little extra breathing room. Custom built-ins add character and functionality, while the well-proportioned layout creates a natural flow for everyday living. The large private kitchen has a rare window bringing an abundance of light into the space. Generous Terrace to enjoy an evening drink or morning coffee. Two spacious bedrooms offer flexibility for guests, a home office or a peaceful private retreat.Residents enjoy beautifully landscaped gardens including a backyard perfect for quiet reflection and entertaining guests, a fitness room, party room, visitor parking and on-site management. Two extra building fridge/freezers are great for those times when you are preparing for a large gathering. Enjoy the community atmosphere, with regular cocktail parties and building gatherings. This coveted address offers easy access to parks, transit and some of Midtown Toronto's most established neighbourhoods.Enjoy the rare combination of generous living space, boutique-building charm and a location that puts the best of Midtown within reach.

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BrokerHub Inc.
(647) 254-1864
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size1400-1599 sq. ft.
Maintenance Fees$1,642
LockerOwned
BalconyOpen
ExposureNorth East
Parking TypeUnderground
Parking Spaces2
Parking FeaturesNone
Property Tax$5,901
mls© NumberC14095272
Listed ByKELLER WILLIAMS ADVANTAGE REALTY
Common Elements Included
Building Insurance Included
Water Included
CAC 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%
$7,621
Property tax
$492
Heat allowance
$150
Condo fees, half counted
$821
Housing costs
$9,084 / mo

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

Down payment20% · $297,800
25-yr amortization

Income needed

$280,000

gross annual household income

Payment at 4%
$6,266 / mo
Cash down
$297,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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