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510 - 438 King Street W
Waterfront Communities C1, Toronto
$549,000
Wake up to beautiful west views over historic King St W, its heritage brick buildings, and views of the new iconic King Toronto. This bright one-bedroom at The Hudson offers 586 sq. ft. plus a glass-railed balcony, 9-ft ceilings and floor-to-ceiling windows. The updated kitchen has quartz counters, stainless appliances, and a breakfast bar open to the living room. A sliding leads to the bedroom with spacious walk-in closet. Luxurious 4-piece bath with soaker tub, and a separate laundry room with built-in storage. Excellent building amenities including: concierge, gym, party room, games room, and a landscaped courtyard with BBQs. Easy access to King and Spadina streetcars. Just steps to the Entertainment District, The Well, TIFF Lightbox, Queen West, Chinatown, Kensington Market, the waterfront, restaurants, shops, parks, and so much more!
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $2,810
- Property tax
- $244
- Heat allowance
- $150
- Condo fees, half counted
- $289
- Housing costs
- $3,493 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$107,000
gross annual household income
- Payment at 4%
- $2,310 / mo
- Cash down
- $109,800
Assumes no other monthly debts · 25-yr amortization
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