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1 / 0
New2 hours ago

600 - 38 Elm Street

Bay Street Corridor, Toronto

$550,000

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

Welcome to Minto Plaza, where sophisticated design meets an exceptional downtown location. This beautifully renovated 781 sq. ft. executive one-bedroom suite offers a thoughtfully designed layout with approximately $150,000 in quality upgrades.The spacious king-size bedroom features a walk-in closet and beautifully appointed ensuite finished in terrazzo tile, with a wall-to-wall rain shower and recessed lighting. The custom kitchen showcases integrated cabinetry, a quartz waterfall backsplash and Bosch appliances, while wide-plank Scandinavian-style hardwood flooring and built-in storage add warmth, style and functionality throughout. A generous living and dining area and large windows complete this impressive downtown residence.Located on a quiet, tree-lined street full of restaurants and patios in the heart of Toronto, Minto Plaza is just steps from the subway, Eaton Centre, restaurants, shops, hospitals, universities and the Financial District.Residents enjoy an impressive selection of amenities including 24-hour concierge, indoor lap pool, gym, sauna, party room, billiards room and garden terrace. Locker included.Additional Features & Inclusions: Bosch refrigerator, integrated dishwasher, stove and ceramic cooktop; stacked washer and dryer, lighting with dimmers, custom built-in storage throughout. Renovation completed by licensed luxury contractor Condovate Interiors.Nothing to do but Move in and Enjoy!

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agent
Jonathan Lee
(647) 983-0770
TypeCondo Apartment
StyleApartment
Approx. AgeNew
Size700-799 sq. ft.
Maintenance Fees$910
LockerExclusive
BalconyNone
ExposureNorth West
Parking TypeNone
Parking Spaces0
Parking FeaturesNone
Property Tax$3,060
mls© NumberC13789624
Listed ByRE/MAX REALTY ENTERPRISES INC.
CAC Included
Common Elements Included
Heat Included
Hydro Included
Building Insurance Included
Water 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%
$2,815
Property tax
$255
Heat allowance
$150
Condo fees, half counted
$455
Housing costs
$3,675 / mo

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

Down payment20% · $110,000
25-yr amortization

Income needed

$113,000

gross annual household income

Payment at 4%
$2,314 / mo
Cash down
$110,000

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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