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Bay Street Corridor, Toronto
$849,000
Over 1,000 sq ft of living space and a private terrace of more than 300 sq ft, a short walk from Yonge and Bloor. This spacious townhouse sits in a small 1987 Tridel complex on a beautiful, quiet street, yet you're still in the centre of it all. In a neighbourhood where almost everything for sale is a high rise, a home like this rarely comes up.Inside, 10 ft ceilings with crown mouldings and large east and west windows fill the home with light. Bamboo flooring runs through the open living and dining area, where a wood-burning fireplace, currently fitted with an electric insert, sets the tone on winter nights. The kitchen has real counter space for serious cooking and room for friends to gather while dinner comes together. A separate office is ideal for working from home or hosting overnight guests.From spring through fall, the private terrace becomes a second living room: morning coffee, long dinners outside, a garden of your own planters. The main bath has a soaking tub and separate shower, and there is a two-piece powder room for guests. A new Mitsubishi heat pump keeps the home comfortable and efficient all year, and private underground parking means no shovelling snow come winter. The owner has cared for this home for years, and it shows.Walk to Yorkville, Wellesley and Bloor-Yonge stations, the ROM, Queen's Park and U of T. Your own front door, without giving up the downtown address.
No extras listed.
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $4,346
- Property tax
- $450
- Heat allowance
- $150
- Condo fees, half counted
- $503
- Housing costs
- $5,449 / mo
Lenders cap these at 39% of gross income โ that sets the number.
Income needed
$168,000
gross annual household income
- Payment at 4%
- $3,573 / mo
- Cash down
- $169,800
Assumes no other monthly debts ยท 25-yr amortization
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