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New2 hours ago

407 - 81 Wellesley Street E

Church-Yonge Corridor, Toronto

$439,900

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

BRIGHT JR BEDRM W/ BALCONY in Vibrant Church-Wellesley Village! Open balcony w/ gas BBQ Hookup. Contemporary Kitchen With High-end Panelled B/I Appliances, Quartz Countertop With Backsplash, Floor to Ceiling Windows And A Luxuriously Finished Bathroom W/ Fully Tiled Floor. Minutes Walk To U of T, TMU (Ryerson), TTC Wellesley, And Diverse Choices of Restaurants, Shops, Hospital, Eaton Centre and Much More. Approx. 570 Sq.Ft. Interior + 68 Sq.Ft. Balcony.

Extras

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agent
Jonathan Lee
(647) 983-0770
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size500-599 sq. ft.
Maintenance Fees$454
LockerNone
BalconyOpen
ExposureNorth
Parking TypeUnderground
Parking Spaces0
Parking FeaturesNone
Property Tax$2,801
mls© NumberC13752184
Listed ByBAY STREET GROUP INC.
Building Insurance Included
Common Elements Included
CAC Included
Heat Included

Listing History

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

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What the bank counts

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

Mortgage, tested at 6%
$2,252
Property tax
$233
Heat allowance
$150
Condo fees, half counted
$227
Housing costs
$2,862 / mo

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

Down payment20% · $87,980
25-yr amortization

Income needed

$88,000

gross annual household income

Payment at 4%
$1,851 / mo
Cash down
$87,980

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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