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525 - 1700 Eglinton Avenue E
Victoria Village, Toronto
$450,000
Approx. 960 sq. ft. of comfortable living space in a wonderful, established neighbourhood! This bright and spacious suite features two generous bedrooms with large closets, including a primary bedroom with a walk-in closet and 4-piece ensuite. Enjoy a separate eat-in breakfast nook and peaceful north-facing views overlooking a quiet residential neighbourhood. Unbeatable Location! Steps to the Eglinton LRT, with TTC service to Woodbine and Eglinton Stations at your doorstep. Only 5 minutes to the DVP and approximately 15 minutes to downtown Toronto. Close to parks, schools, the local library, and everyday amenities
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $2,303
- Property tax
- $203
- Heat allowance
- $150
- Condo fees, half counted
- $642
- Housing costs
- $3,298 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$101,000
gross annual household income
- Payment at 4%
- $1,894 / mo
- Cash down
- $90,000
Assumes no other monthly debts · 25-yr amortization
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