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New3 hours ago

519 - 388 Richmond Street W

Waterfront Communities C1, Toronto

$549,900

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

Come one, come all! This is a renovation project you cannot afford to pass up! Where turnover is rare and demand is constant, this is a compelling opportunity to own in the highly sought-after District Lofts. Put your touch on this unique, triple-exposure, two-storey residence, seldom found in the Toronto Fashion District. Spanning just over 1,000 square feet, this loft benefits from south, west and north exposures, bringing in a dynamic quality of light that evolves throughout the day. The two-level design creates a natural rhythm between, understanding how people actually live. The main level is open, social and designed for movement while the upper level creates a more distinct sense of privacy above. Positioned in the most valuable pocket of Downtown Toronto, you are steps to King West, Queen West, acclaimed dining, sports and entertainment. A life re-imagined awaits!

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agent
Macallum Tepsich
(647) 326-2579
TypeCondo Apartment
Style2-Storey
Approx. AgeNot available
Size1000-1199 sq. ft.
Maintenance Fees$1,007
LockerOwned
BalconyTerrace
ExposureNorth West
Parking TypeUnderground
Parking Spaces1
Parking FeaturesUnderground
Property Tax$4,162
mls© NumberC14082804
Listed ByNEST SEEKERS INTERNATIONAL REAL ESTATE
Heat Included
Water 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%
$2,815
Property tax
$347
Heat allowance
$150
Condo fees, half counted
$503
Housing costs
$3,815 / mo

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

Down payment20% · $109,980
25-yr amortization

Income needed

$117,000

gross annual household income

Payment at 4%
$2,314 / mo
Cash down
$109,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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