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1505 - 16 Yonge Street
Waterfront Communities C1, Toronto
$649,900
Beautiful 2 bedroom + den, 2 bath residence on the 15th floor of Pinnacle Centre with north- facing views of the downtown Toronto skyline. The open-concept layout features a bright living/dining area, two bedrooms, a separate den ideal for a home office, and two full baths, plus in-suite laundry. Wake up to the Financial District towers framed in your window, walk to Union Station in 8 minutes, and reach the waterfront in a few minutes on foot. Finish the day at the Pinnacle Club - indoor pool, full gym, tennis, squash, theatre, party room, billiards and guest suites, all with 24-hour concierge. The PATH, Scotiabank Arena, St. Lawrence Market and the city's best restaurants are steps away, and the Gardiner is seconds from the building. This is downtown living done right.
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $3,326
- Property tax
- $285
- Heat allowance
- $150
- Condo fees, half counted
- $357
- Housing costs
- $4,118 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$127,000
gross annual household income
- Payment at 4%
- $2,735 / mo
- Cash down
- $129,980
Assumes no other monthly debts · 25-yr amortization
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