| Heat Included | |
| Common Elements Included |
New2 hours ago
4203 - 11 Wellesley Street W
Bay Street Corridor, Toronto
$569,000
Condo Apartment |
1 + 1 | 1 | 0 | 0
About this home
Minimum 5% deposit w/offers as per seller
Extras
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Listing History
Schools
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $2,912
- Property tax
- $266
- Heat allowance
- $150
- Condo fees, half counted
- $249
- Housing costs
- $3,578 / mo
Lenders cap these at 39% of gross income — that sets the number.
Down payment20% · $113,800
25-yr amortization
Income needed
$110,000
gross annual household income
- Payment at 4%
- $2,394 / mo
- Cash down
- $113,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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