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Listed 1 month ago

1208 - 3050 Ellesmere Road

Morningside, Toronto

$319,000

Condo Apartment |
2 | 2 | 1 | 0
About this home

Welcome to this spacious 2-bedroom, 2-bathroom condo offering incredible potential to make it your own. With a few minor updates and renovations, this well-designed unit can truly be transformed into a stunning home. The bright and functional layout is complemented by beautiful northwest views overlooking the Ellesmere Ravine, creating a peaceful backdrop to everyday living.The unit includes convenient underground parking, and the maintenance fees cover all utilities for added value and peace of mind.Residents enjoy exceptional building amenities, including 24-hour concierge service, an indoor swimming pool, tennis court, fitness centre, and sauna.Ideally located just steps from Centennial College, the University of Toronto Scarborough campus, and St. John Catholic School. Public transit is right at your doorstep, with nearby parks, shopping centres, and quick access to Highway 401, making commuting and daily errands effortless

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BrokerHub Inc.
(647) 254-1864
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size800-899 sq. ft.
Maintenance Fees$915
LockerNone
BalconyNone
ExposureNorth West
Parking TypeUnderground
Parking Spaces1
Parking FeaturesUnderground
Property Tax$1,267
mls© NumberE13771228
Listed ByRE/MAX HALLMARK REALTY LTD.
Heat Included
Water Included
Hydro Included
Building Insurance Included
Parking Included
Common Elements Included
CAC 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%
$1,633
Property tax
$106
Heat allowance
$150
Condo fees, half counted
$458
Housing costs
$2,346 / mo

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

Down payment20% · $63,800
25-yr amortization

Income needed

$72,000

gross annual household income

Payment at 4%
$1,342 / mo
Cash down
$63,800

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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