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2608 - 25 Richmond Street E
Church-Yonge Corridor, Toronto
$588,000
Enjoy An Unbeatable Downtown Living in This Rarely Found Yonge+Rich Condo! Offers 1b+den with Two Full Bathrooms! South Facing Balcony with Beautiful Lake View. Spacious Den with Large Windows and Sliding Door Can Be Used as Second Bedroom. Upgraded Laminate Flooring Throughout the Unit. Oversized 152 sqft. Balcony Offers Exceptional Outdoor Living Experience. Convenient Location Just Steps Away From TTC Subway, PATH, University of Toronto, Eaton Shopping Centre, and Financial Districts.
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $3,010
- Property tax
- $288
- Heat allowance
- $150
- Condo fees, half counted
- $301
- Housing costs
- $3,748 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$115,000
gross annual household income
- Payment at 4%
- $2,474 / mo
- Cash down
- $117,600
Assumes no other monthly debts · 25-yr amortization
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