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New3 hours ago

613 - 8 Gladstone Avenue

Little Portugal, Toronto

$460,000

Condo Apartment |
1 | 1 | 0 | 0
About this home

Ten-foot exposed concrete ceilings in a one-bedroom. It's the first thing you notice at unit 613, and it changes everything about how this suite feels.Wood floors run throughout, the kitchen has quartz counters and under-cabinet lighting, and a south-facing wall of glass fills the space with light all day before opening onto your balcony. The layout works hard, too: room for a proper couch and TV setup, space for a kitchen island with seating, a bedroom with a large closet, a bathroom with a frameless glass rainshower, and ensuite laundry. It's been extremely well maintained and beautifully put together, so all that's left to do is move in. 8G is a boutique building with just 89 suites, and that's one of the things the owners love most about living here: it's small, and it's quiet. Two grocery stores sit right at your door, which makes the weekly shop about as easy as it gets. But ask the owners their favourite part and they'll tell you it's the location. Step outside and you're on West Queen West, with pizza at Badiali, drinks at Bar Poet, and dinner or live music at The Drake. Keep walking east and Ossington's restaurants, bars and shops are waiting, with Trinity Bellwoods just beyond for lazy weekend afternoons. Heading to a game or a summer concert? BMO Field and RBC Amphitheatre (formerly Budweiser Stage) are a short trip south, past Liberty Village. And the 501 streetcar stops right outside. For those who want something stylish, manageable and move-in ready in one of Toronto's most fun neighbourhoods, this is a pretty compelling place to start.

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agent
Macallum Tepsich
(647) 326-2579
TypeCondo Apartment
StyleApartment
Approx. Age11-15
Size500-599 sq. ft.
Maintenance Fees$422
LockerNone
BalconyOpen
ExposureSouth
Parking TypeUnderground
Parking Spaces0
Parking FeaturesNone
Property Tax$2,394
mls© NumberC13868460
Listed ByBOSLEY REAL ESTATE LTD.
Heat Included
Common Elements Included
Building Insurance Included
Water Included
CAC Included

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

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What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$2,354
Property tax
$200
Heat allowance
$150
Condo fees, half counted
$211
Housing costs
$2,915 / mo

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

Down payment20% · $92,000
25-yr amortization

Income needed

$90,000

gross annual household income

Payment at 4%
$1,936 / mo
Cash down
$92,000

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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