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New15 hours ago

506 - 895 Kennedy Road

Ionview, Toronto

$375,000

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

Welcome to this spacious and well-maintained 2-bedroom, 2-washroom condo in the heart of Scarborough, offering approximately 838 sq. ft. of bright, thoughtfully designed living space. The functional layout features generous living and dining areas, perfect for everyday living and entertaining, with plenty of natural light throughout. Enjoy a walkout balcony accessible through double balcony doors, ensuite laundry, and one garage parking space. The maintenance fee offers exceptional value and includes Internet, Cable TV, and a landline, providing added convenience and savings. Ideally situated near Kennedy Road and Lawrence Avenue, this home is surrounded by everything you need, including TTC public transit, shopping, restaurants, grocery stores, schools, parks, and easy access to major highways. Located in an established and highly accessible Scarborough neighbourhood, this condo offers an excellent combination of space, comfort, convenience, and value. A fantastic opportunity for first-time homebuyers, downsizers, or investors looking for a beautiful 2-bedroom suite in a convenient GTA location. Please note: Photos have been virtually staged for illustrative purposes to showcase the potential use and functionality of the space. Furniture and décor shown may not be included with the property. New elevator installation project will be finished on November 6, 2026.

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BrokerHub Inc.
(647) 254-1864
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size800-899 sq. ft.
Maintenance Fees$707
LockerExclusive
BalconyOpen
ExposureNorth East
Parking TypeSurface
Parking Spaces1
Parking FeaturesNone
Property Tax$1,207
mls© NumberE13781072
Listed ByRIGHT AT HOME REALTY INVESTMENTS GROUP
Water Included
Cable TV Included
Common Elements Included
Building Insurance Included
Parking Included
Heat Included

Listing History

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  • 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%
$1,919
Property tax
$101
Heat allowance
$150
Condo fees, half counted
$354
Housing costs
$2,523 / mo

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

Down payment20% · $75,000
25-yr amortization

Income needed

$78,000

gross annual household income

Payment at 4%
$1,578 / mo
Cash down
$75,000

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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