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New4 hours ago

302 - 390 Cherry Street

Waterfront Communities C8, Toronto

$498,000

Condo Apartment |
1 + 1 | 1 | 1 | 1
About this home

Live in the heart of Toronto's iconic Historic Distillery District at The Gooderham. This bright, open-concept 1+1 bedroom suite features floor-to-ceiling windows, engineered hardwood flooring throughout, and a fantastic Distillery District view. The functional layout offers seamless living and entertaining, a versatile den ideal for a home office, and convenient in-suite laundry. Parking and locker included. Step outside to charming cobblestone streets lined with cafés, boutiques, galleries, theatres, restaurants and year-round cultural events. Walk to St. Lawrence Market, waterfront trails and Cherry Beach, with transit, bike lanes, and quick access to the DVP and Gardiner Expressway. Residents enjoy an excellent selection of amenities, including concierge, exercise room, media room, outdoor pool, party and recreation spaces, and sauna. Experience vibrant downtown living in one of Toronto's most distinctive neighbourhoods. Investor-friendly opportunity, currently tenanted at $2,370/month, with the tenant willing to stay if preferred.

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BrokerHub Inc.
(647) 254-1864
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size500-599 sq. ft.
Maintenance Fees$698
LockerOwned
BalconyNone
ExposureWest
Parking TypeUnderground
Parking Spaces1
Parking FeaturesNone
Property Tax$2,655
mls© NumberC14181090
Listed ByREALTY WEALTH GROUP INC.
Common Elements Included
CAC Included
Heat Included
Parking Included
Water Included

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

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What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$2,549
Property tax
$221
Heat allowance
$150
Condo fees, half counted
$349
Housing costs
$3,269 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $99,600
25-yr amortization

Income needed

$101,000

gross annual household income

Payment at 4%
$2,096 / mo
Cash down
$99,600

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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