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705 - 30 Nelson Street
Waterfront Communities C1, Toronto
$569,998
Your own private terrace in the heart of downtown! Welcome to Suite 705 at Studio 2 Condos, a rare 717 sq ft 1 bedroom + oversized den with 2 bathrooms and bright south exposure. Floor-to-ceiling windows fill the open-concept living and dining space with natural light, and wood floors run throughout. The modern kitchen features built-in appliances and a clean, integrated design. The bedroom has a 4 pc ensuite and walk in closet. The oversized den is no afterthought: it has its own floor-to-ceiling window, a Juliette balcony and a walk-out to a spacious private terrace, making it perfect for a home office, guest space or reading lounge. A 2-piece powder room means guests never need to use your 4-piece bath, and ensuite laundry adds everyday convenience. Studio 2 offers resort-style amenities, including 24-hour concierge and security, a fully equipped gym and yoga room, sauna, and a rooftop terrace with an outdoor hot tub and BBQs. There's also a lounge, dining room with kitchen, media/party room, billiards room, guest suites, parcel lockers and bike storage. You're steps to Osgoode and St. Andrew stations, the Financial and Entertainment Districts, Queen West, King West, the Shangri-La, TIFF Bell Lightbox and the theatre district. The Eaton Centre, U of T, OCAD University and the University Avenue hospitals are all within easy reach. A standout suite for first-time buyers, downtown professionals, work-from-home buyers and investors.
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $2,918
- Property tax
- $280
- Heat allowance
- $150
- Condo fees, half counted
- $336
- Housing costs
- $3,683 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$113,000
gross annual household income
- Payment at 4%
- $2,399 / mo
- Cash down
- $114,000
Assumes no other monthly debts · 25-yr amortization
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