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1413 - 188 Cumberland Street
Annex, Toronto
$489,000
An Elevated Standard Of Luxury Rises Above All In The Heart Of Toronto's Coveted Yorkville Neighbourhood, At Cumberland St & Avenue Rd. Cumberland Tower Offers Residents A Lifestyle Of Seductive Glamour & World-Class Elegance Right At Your Door. This Luxurious 1-Bedroom Offers Expansive Wall To Wall & Floor To Ceiling Windows, Open-Concept Living Space With Lot Of Natural Lights And Sunshine, Custom-Designed Kitchen With Build-In Integrated Miele Appliances. Residents Can Enjoy Premium And Resort Like Amenities, Including An Outdoor Terrace, Huge Sundeck, Indoor Swimming Pool, Fully Equipped Gym, Party Room, Stylish Lounge , Meeting Room, And 24x7 Security ... The Wonderful City Life Is In Your Door Step. The Building Is Also Near to 3 Subways Station ( Bay/Museum/St.george), Making Transit Very Easy In Toronto. You Can Also Easily Walk to University of Toronto, Royal Museum And Renowned Shopping, Dinning And Cultural Places. Do Not Miss Out This Opportunity To Own A Life Here!
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $2,503
- Property tax
- $242
- Heat allowance
- $150
- Condo fees, half counted
- $320
- Housing costs
- $3,214 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$99,000
gross annual household income
- Payment at 4%
- $2,058 / mo
- Cash down
- $97,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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