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New4 hours ago

706 - 251 Manitoba Street

Mimico, Toronto

$650,000

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

There's something special about waking up to sunshine and lake views. Welcome to Suite 706 at 251 Manitoba Street, a bright and spacious 2-bedroom condo with sunny southern exposure and a great layout that makes the most of its nearly 700 sq. ft. of living space. The main living area is comfortable and functional, with plenty of natural light and a walkout to your private balcony. Whether it's a quiet morning with coffee overlooking the lake or relaxing after a long day, this is a space you'll actually want to spend time in. Both bedrooms are well proportioned, and the unit comes complete with underground parking and a locker. The building offers fantastic amenities, including an outdoor pool, a fully equipped fitness centre, rooftop terrace with BBQ's, sauna and steam room, party room with catering kitchen, private dining room, games room, media room, shared workspace/business centre, guest suites and concierge. And then there's the location. Grand Avenue Park is just steps away, with Humber Bay Shores, waterfront trails, great restaurants, cafes and everyday conveniences all nearby. Mimico GO, the Gardiner and downtown Toronto are easily accessible, giving you the best of both worlds: a quieter neighbourhood without giving up the convenience of the city.

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agent
Jonathan Lee
(647) 983-0770
TypeCondo Apartment
StyleApartment
Approx. Age0-5
Size600-699 sq. ft.
Maintenance Fees$505
LockerOwned
BalconyOpen
ExposureSouth
Parking TypeUnderground
Parking Spaces1
Parking FeaturesNone
Property Tax$2,724
mls© NumberW14119432
Listed ByRE/MAX WEST REALTY INC.
CAC Included
Building Insurance Included
Parking Included
Common Elements 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%
$3,327
Property tax
$227
Heat allowance
$150
Condo fees, half counted
$253
Housing costs
$3,956 / mo

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

Down payment20% · $130,000
25-yr amortization

Income needed

$122,000

gross annual household income

Payment at 4%
$2,735 / mo
Cash down
$130,000

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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