| Common Elements Included |










1909 - 501 Yonge Street
Church-Yonge Corridor, Toronto
$798,000
Bright corner unit located in the Church St.Corridor Neighbourhood. Conveniently located in between Wellsley and College stations on the Yonge Line, both of which take less than 5 min to reach on foot. Easy access to bloor-ork ville shopping & Eaton center, bars and restaurants, U of T Hospital;
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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%
- $4,085
- Property tax
- $388
- Heat allowance
- $150
- Condo fees, half counted
- $360
- Housing costs
- $4,983 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$153,000
gross annual household income
- Payment at 4%
- $3,358 / mo
- Cash down
- $159,600
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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