| Heat Included | |
| Water Included | |
| Common Elements Included | |
| Building Insurance Included |
New3 hours ago
3101 - 761 Bay Street
Bay Street Corridor, Toronto
$545,000
Condo Apartment |
1 | 1 | 1 | 1
About this home
Nestled in the vibrant and highly coveted Bay Street Corridor of Toronto, this spacious 1 bedroom unit with a Functional Open Concept Layout W/615 Sf Living Space. Step outside onto your oversized 57 Sq Ft Open Balcony for some fresh air on the 31st Floor! Prime Location With A Walkscore of 95, Minutes From The Financial District, Eaton Centre, U of T, Ttc, Farm Boy Grocery, Banks & Much More. Great For Investors, Young Professionals And Students Looking To Be Close To The Core With Easy Accessibility To Transit, Shopping, Schools and Work. Amenities Include 24Hr Concierge, Fitness Room, Indoor Pool, Sauna, Outdoor Terrace, Party Room & More.Unit has been freshly painted. Some of the photos are virtually staged.
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $2,790
- Property tax
- $302
- Heat allowance
- $150
- Condo fees, half counted
- $298
- Housing costs
- $3,540 / mo
Lenders cap these at 39% of gross income — that sets the number.
Down payment20% · $109,000
25-yr amortization
Income needed
$109,000
gross annual household income
- Payment at 4%
- $2,293 / mo
- Cash down
- $109,000
Assumes no other monthly debts · 25-yr amortization
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