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New2 hours ago

2508 - 501 Yonge Street

Church-Yonge Corridor, Toronto

$499,900

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

Client Remarks Wonderful Location at Yonge & Wellesley!Two-Year-New 1 Bed + Den at Teahouse Condos. Den Can Be Used as 2nd Bedroom or Home Office. 9' Ceilings & Laminate Flooring Throughout. Spacious Bedroom with Floor-to-Ceiling Windows. Modern Kitchen with Granite Countertop, Backsplash & S/S Appliances. Marble Vanity in Bath. Unobstructed East Sunrise View.Steps to U of T, TMU, Subway, Shops, Restaurants, Hospitals.Five-Star Amenities: 24/7 Concierge, Gym, Rooftop Pool & Patio, Hot/Cold Plunge Pools, Party Room with Wet Bar, Lounges, Billiards, Boardroom, Theatre & More!

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agent
Jonathan Lee
(647) 983-0770
TypeCondo Apartment
StyleApartment
Approx. Age0-5
Size0-499 sq. ft.
Maintenance Fees$392
LockerOwned
BalconyOpen
ExposureEast
Parking TypeUnderground
Parking Spaces0
Parking FeaturesNone
Property Tax$2,559
mls© NumberC13862274
Listed ByHOMELIFE NEW WORLD REALTY INC.
Heat Included
Water Included
CAC Included
Common Elements Included
Building Insurance Included

Listing History

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

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Could you afford this home?

What the bank counts

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

Mortgage, tested at 6%
$2,559
Property tax
$213
Heat allowance
$150
Condo fees, half counted
$196
Housing costs
$3,118 / mo

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

Down payment20% · $99,980
25-yr amortization

Income needed

$96,000

gross annual household income

Payment at 4%
$2,104 / mo
Cash down
$99,980

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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