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New3 hours ago

611 - 38 Elm Street

Bay Street Corridor, Toronto

$672,000

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

Welcome to Minto Plaza, a premier downtown Toronto residence just steps from Yonge Street. This bright and spacious 2-bedroom, 2-bathroom suite offers approximately 1,008 sq. ft. of thoughtfully designed living space with a highly desirable split-bedroom layout. Fully renovated and move-in ready, the unit features custom kitchen with quartz countertops, Vinyl flooring, fresh paint, Stainless steel appliances, generous principal rooms, and excellent storage. The large primary bedroom includes a walk-in closet and 4-piece ensuite. Enjoy preferred south west exposure , plus one parking space and one locker. All-inclusive maintenance fees cover utilities. Building amenities include a 24-hour concierge, indoor pool, sauna, gym, study and piano lounges, and rooftop terrace. Steps to Dundas subway station, Eaton Centre, TMU, hospitals, U of T, the Financial District, shopping, dining, and entertainment. No pets permitted. Some images are virtually staged.

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agent
Macallum Tepsich
(647) 326-2579
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size1000-1199 sq. ft.
Maintenance Fees$1,276
LockerOwned
BalconyOpen
ExposureSouth West
Parking TypeUnderground
Parking Spaces1
Parking FeaturesNone
Property Tax$4,027
mls© NumberC14029726
Listed ByFIRST CLASS REALTY INC.
Heat Included
Water Included
CAC Included
Building Insurance Included
Parking Included
Hydro Included
Common Elements Included

Listing History

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

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Could you afford this home?

What the bank counts

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

Mortgage, tested at 6%
$3,440
Property tax
$336
Heat allowance
$150
Condo fees, half counted
$638
Housing costs
$4,563 / mo

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

Down payment20% · $134,400
25-yr amortization

Income needed

$140,000

gross annual household income

Payment at 4%
$2,828 / mo
Cash down
$134,400

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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