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2603 - 8 CUMBERLAND Street
Annex, Toronto
$968,000
PRIME YORKVILLE OWNERSHIP AT BLOOR & YONGE! This efficient 2-bedroom, 2-bathroom corner suite delivers clean urban design and strong investment value in Toronto's most prestigious neighborhood. Exposure & Views: Desirable southwest orientation with wrap-around, floor-to-ceiling windows, showcasing panoramic city skylines and lasting daylight. - Layout: Highly functional split-bedroom plan for optimal privacy, separating the primary and second bedrooms. - Outdoor Space: Features an inviting private balcony acting as a serene open-air retreat. - Cost Efficiency: Maintenance fees include water and high-speed internet (residents pay only hydro), keeping carrying costs predictably low. - Location Perks: Steps from Yorkville's premier shopping district, dining, cafes, cultural galleries, and the Bloor-Yonge subway interchange. Easy access to the DVP and Gardiner. - Amenities: 24-hour concierge/security, fully-equipped fitness centre, private party venue, and a landscaped outdoor garden. A rare, high-performance asset in a turn-key location.
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $4,955
- Property tax
- $398
- Heat allowance
- $150
- Condo fees, half counted
- $311
- Housing costs
- $5,814 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$179,000
gross annual household income
- Payment at 4%
- $4,074 / mo
- Cash down
- $193,600
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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