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New3 hours ago

2207 - 81 Wellesley Street E

Church-Yonge Corridor, Toronto

$505,000

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

Luxury Bright & Newer One Bedroom Condo Located In The Heart Of Church & Wellesley Village With A Unobstructed East Views Throughout! Custom kitchen With Upgrades. High End Appliances And Upgraded Bathroom. Floor To Ceiling Windows In Living Room, 9' High Smooth Ceilings. Very Bright & Spacious Open Concept design. Gas Line Included On The Private Balcony. Surrounded By Convenience! Walk Score of 99 & 2-Minute Walk To Subway & Steps To Restaurants, Hospital, Entertainment, Shopping, etc. U of T And Ryerson University Nearby. Great Opportunity For The First Buyer And Investor. Excellent location to invest in!

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agent
Jonathan Lee
(647) 983-0770
TypeCondo Apartment
StyleApartment
Approx. Age0-5
Size500-599 sq. ft.
Maintenance Fees$435
LockerNone
BalconyOpen
ExposureEast
Parking TypeUnderground
Parking Spaces0
Parking FeaturesNone
Property Tax$2,843
mls© NumberC13791880
Listed ByBAY STREET GROUP INC.
CAC Included
Common Elements Included
Building Insurance 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%
$2,585
Property tax
$237
Heat allowance
$150
Condo fees, half counted
$218
Housing costs
$3,189 / mo

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

Down payment20% · $101,000
25-yr amortization

Income needed

$98,000

gross annual household income

Payment at 4%
$2,125 / mo
Cash down
$101,000

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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