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New3 hours ago
PH01 - 25 Cordova Avenue
Islington-City Centre West, Toronto
$561,947
Condo Apartment |
2 + 1 | 1 | 0 | 0
About this home
Tridel's brand new Westerly Condos in the prime location of Islington-City Centre West. Walking distance to Islington subway station and Tom Riley park. Parking and locker available for purchase. Move-in ready.
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No extras listed.
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Listing History
Schools
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $2,876
- Property tax
- $468
- Heat allowance
- $150
- Condo fees, half counted
- $260
- Housing costs
- $3,754 / mo
Lenders cap these at 39% of gross income — that sets the number.
Down payment20% · $112,389
25-yr amortization
Income needed
$116,000
gross annual household income
- Payment at 4%
- $2,365 / mo
- Cash down
- $112,389
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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