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Listed 12 days ago

503 - 260 Heath Street W

Forest Hill South, Toronto

$999,900

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

With just over 1,400 sq. ft. of generous living space in the heart of Forest Hill South, this is a property that could make sense for so many different stages of life. This 2 bedroom, 2 bathroom suite has the kind of proportions that are increasingly hard to find, with large principal rooms, plenty of storage, two lockers and space to truly spread out. The living and dining areas are made for both comfortable everyday living and hosting family and friends, while the kitchen offers room to sit down and enjoy your morning coffee. Wood flooring throughout and two updated bathrooms add to the appeal, while the private balcony gives you your own outdoor space. Village Terraces is an established, well managed condominium with 24 hour security, an outdoor pool, BBQ area and plenty of visitor parking. And when we say easy living, we mean it: ALL utilities are included in the maintenance fees, even cable and internet. And then there's the neighbourhood. Forest Hill Village is just around the corner, putting coffee shops, restaurants, groceries, boutiques and everyday essentials within an easy walk. When you want to trade the city for the trees, Cedarvale Ravine and its trails are close by. And when you need to get somewhere, St. Clair West subway station is literally steps from your front door. Space to live and a neighbourhood to love.

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agent
Macallum Tepsich
(647) 326-2579
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size1400-1599 sq. ft.
Maintenance Fees$1,998
LockerExclusive
BalconyOpen
ExposureSouth
Parking TypeUnderground
Parking Spaces1
Parking FeaturesUnderground
Property Tax$5,716
mls© NumberC13815574
Listed ByPROPERTY.CA INC.
Heat Included
Hydro Included
Water Included
Cable TV Included
CAC Included
Common Elements Included
Building Insurance Included
Parking 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%
$5,118
Property tax
$476
Heat allowance
$150
Condo fees, half counted
$999
Housing costs
$6,743 / mo

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

Down payment20% · $199,980
25-yr amortization

Income needed

$207,000

gross annual household income

Payment at 4%
$4,208 / mo
Cash down
$199,980

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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