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New3 hours ago

PH-F - 7 Broadway Avenue

Mount Pleasant West, Toronto

$489,000

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

Location, location, location - steps to vibrant Yonge St. shops, restaurants, supermarket, Canada Sq, Mall, Eglington subway station and now open crosstown LRT. This PH unit is on the 11th floor of the Tower portion of the building with an unobstructed east view. There are only 6 units per Tower floor in this boutique bldg., 9ft ceiling, floor to ceiling windows, stainless steel appliances. Ensuite laundry, central vacuum system. Enclosed sunroom is insulated for year round use, accessed from the LR and bedroom. The kitchen features Corian counters, double sink, pass-thru, eating counter. Converted electric marble fireplace and iron hearth. The flue has been sealed, by condo corp.. Hardwood and marble floors, carpet free. 24 hr concierge, whirlpool, sauna, gym, games room. 1 exclusive use locker. Parking is rental with direct access to the building. As per seller-reserve fund now over $2M and the condo fees should start to come down now that the reserve is at a healthy level, subject to Board decisions.

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agent
Jonathan Lee
(647) 983-0770
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size600-699 sq. ft.
Maintenance Fees$1,000
LockerExclusive
BalconyEnclosed
ExposureEast
Parking TypeUnderground
Parking Spaces1
Parking FeaturesUnderground
Property Tax$1,757
mls© NumberC14127996
Listed ByHOMELIFE NEW WORLD REALTY INC.
Common Elements 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%
$2,503
Property tax
$146
Heat allowance
$150
Condo fees, half counted
$500
Housing costs
$3,299 / mo

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

Down payment20% · $97,800
25-yr amortization

Income needed

$102,000

gross annual household income

Payment at 4%
$2,058 / mo
Cash down
$97,800

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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