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New1 hour ago

1703 - 801 Bay Street

Bay Street Corridor, Toronto

$598,000

Condo Apartment |
1 + 1 | 2 | 1 | 1
About this home

Suite 1703 at The Royalton is a 1+den with two full bathrooms, and the den is what makes the layout work. It's a separate room with doors, roughly 7 x 9 feet, and it fits a bed or a proper desk. Set it up as a home office, a guest room or a space for a roommate, and close the doors when you're done for the day. The primary has its own ensuite, and the second bathroom sits off the main living space for guests. The living and dining room opens onto a south-facing balcony, and the kitchen has granite counters and a breakfast bar for quick meals. It's a boutique building in the heart of Toronto at Bay and College, about 137 suites, with 24-hour concierge, a gym, a party room and a rooftop terrace. Walk to Toronto General, U of T or Queen's Park, or get on the subway at College station three minutes away.

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agent
Jonathan Lee
(647) 983-0770
TypeCondo Apartment
Style1 Storey/Apt
Approx. AgeNot available
Size700-799 sq. ft.
Maintenance Fees$1,020
LockerOwned
BalconyOpen
ExposureSouth
Parking TypeUnderground
Parking Spaces1
Parking FeaturesNone
Property Tax$3,401
mls© NumberC14124066
Listed ByRARE REAL ESTATE
Water Included
Heat Included
CAC Included
Parking Included
Building Insurance Included
Common Elements 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%
$3,061
Property tax
$283
Heat allowance
$150
Condo fees, half counted
$510
Housing costs
$4,004 / mo

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

Down payment20% · $119,600
25-yr amortization

Income needed

$123,000

gross annual household income

Payment at 4%
$2,516 / mo
Cash down
$119,600

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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