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New2 hours ago

317 - 383 Sorauren Avenue

Roncesvalles, Toronto

$889,000

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

When it comes to community, Roncesvalles is the definition of neighbourhood cohesion. Roncy remains one of the strongest markets in all of Toronto. There's good reason for that: Roncy has the ultimate blend of family, community, arts, style, and culinary taste. It's no wonder homes are always in demand! This wonderful 1+den presents more like a 2-bedroom at 860 square feet! Great style, function, usability, and an incredibly inviting space. A centre island for entertaining and dining, and a spacious balcony to enjoy sunrises. The primary has a three-piece ensuite. Guests can enjoy the 4-piece bath as well. One of the earliest hard loft conversions was Robert Watson Lofts. It became a central presence for the neighbourhood. When one builds 383 Sorauren next door, you know you need to do an excellent job, blending style and aesthetics in a boutique form. That's exactly what happened with 383 Sorauren. It's an excellent building that brings community together with fantastic amenities. Masterfully designed by Peter Clewes of architectsAlliance. As Torontonians, we all call for more thoughtful designs like this Gairloch Developments beauty. Sorauren Park offers a farmer's market, pumpkin parade, skating, dog park, and community events. Stroll a little further west, and you have High Park for a bit of Shakespeare in the Park and year-round enjoyment. There's easy access to the highway, as well as the UP Express and the TTC.

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agent
Jonathan Lee
(647) 983-0770
TypeCondo Apartment
StyleApartment
Approx. Age6-10
Size800-899 sq. ft.
Maintenance Fees$738
LockerOwned
BalconyOpen
ExposureSouth East
Parking TypeUnderground
Parking Spaces1
Parking FeaturesNone
Property Tax$3,695
mls© NumberW13812692
Listed ByCHESTNUT PARK REAL ESTATE LIMITED
Common Elements Included
Water Included
CAC 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%
$4,550
Property tax
$308
Heat allowance
$150
Condo fees, half counted
$369
Housing costs
$5,377 / mo

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

Down payment20% · $177,800
25-yr amortization

Income needed

$165,000

gross annual household income

Payment at 4%
$3,741 / mo
Cash down
$177,800

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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