| Common Elements Included | |
| Parking Included | |
| Building Insurance Included |
New2 hours ago
5611 - 197 Yonge Street
Church-Yonge Corridor, Toronto
$625,000
Condo Apartment |
1 + 1 | 1 | 1 | 1
About this home
Luxury Living At Massey Tower! Brand New - Never Lived In! Large One Bedroom + Den Model. Incredible Unobstructed View - Cn Tower, Lake, City - You Can See For Miles! Walk-Out To Large Private Balcony! Parking Spot Included! Prime Downtown Location Across From Eaton Centre, Close To Public Transit, City Hall, Financial District, Entertainment, Shopping, Ryerson University. Walker's Paradise!!
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Listing History
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $3,199
- Property tax
- $328
- Heat allowance
- $150
- Condo fees, half counted
- $511
- Housing costs
- $4,188 / mo
Lenders cap these at 39% of gross income — that sets the number.
Down payment20% · $125,000
25-yr amortization
Income needed
$129,000
gross annual household income
- Payment at 4%
- $2,630 / mo
- Cash down
- $125,000
Assumes no other monthly debts · 25-yr amortization
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