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Featured
Price Change$449,000

406 - 3050 Ellesmere Road

Morningside, Toronto

$399,000

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

Discover an exceptionally large and spacious 2-bedroom, 2-bathroom suite with a bright sunroom - a rare find offering an abundance of living space. Newly upgraded flooring gives the unit a fresh, modern feel, while the generous layout provides plenty of flexibility for comfortable living, working from home, or rental opportunities. One parking space and one locker are included, and hydro is included in the maintenance fees, providing added convenience and value. Ideally located just steps from University of Toronto (Scarborough), Centennial College, and the Pan Am Sports Centre, this property offers excellent potential for rental income and strong appeal to students, faculty, professionals and athletes. Conveniently situated near major highways, transit, shopping, and everyday amenities. A truly rare opportunity for bothinvestors and end-users! The maintenance fee include covers all utilities.

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BrokerHub Inc.
(647) 254-1864
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size1200-1399 sq. ft.
Maintenance Fees$1,382
LockerOwned
BalconyNone
ExposureSouth East
Parking TypeUnderground
Parking Spaces1
Parking FeaturesUnderground
Property Tax$1,711
mls© NumberE13810678
Listed ByROYAL LEPAGE SIGNATURE REALTY
Heat Included
Common Elements Included
Hydro Included
Building Insurance Included
Water Included
Parking Included
CAC Included

Listing History

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

Schools

Could you afford this home?

What the bank counts

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

Mortgage, tested at 6%
$2,042
Property tax
$143
Heat allowance
$150
Condo fees, half counted
$691
Housing costs
$3,026 / mo

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

Down payment20% · $79,800
25-yr amortization

Income needed

$93,000

gross annual household income

Payment at 4%
$1,679 / mo
Cash down
$79,800

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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