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| Water Included | |
| CAC Included | |
| Common Elements Included | |
| Building Insurance Included |










703 - 5740 Yonge Street
Newtonbrook West, Toronto
$399,800
Bright and efficient one-bedroom at The Palm Residences - 549 sq ft of well-planned space plus an oversized 59 sq ft balcony, one of the largest outdoor spaces you'll find in a suite this size. Open-concept living and dining with a walkout to the balcony, a separate bedroom with double closet, four-piece bath, and a full kitchen with stainless appliances and ensuite laundry. No wasted hallway space - every square foot works. Unbeatable location at Yonge & Finch: steps to Finch Subway Station and the GO/YRT/VIVA terminal, one bus to York University, minutes to Hwy 401 and 404, with groceries, restaurants, and cafés at your door. Building amenities include an indoor pool, sauna/steam room, fully equipped gym, party and games rooms, media room, business centre, rooftop terrace with BBQs, visitor parking, and 24-hour concierge.
No extras listed.
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $2,046
- Property tax
- $163
- Heat allowance
- $150
- Condo fees, half counted
- $265
- Housing costs
- $2,625 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$81,000
gross annual household income
- Payment at 4%
- $1,682 / mo
- Cash down
- $79,960
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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