| Common Elements Included | |
| Building Insurance Included |
New3 hours ago
2501 - 159 Wellesley Street E
Cabbagetown-South St. James Town, Toronto
$518,000
Condo Apartment |
1 + 1 | 1 | 0 | 0
About this home
Gorgeous 1 Bedroom + Den Suite In The Heart Of Downtown Toronto. High Ceilings, Modern Kitchen With Newly Stainless Steel Appliances. Open Concept Layout Perfect For Both Entertaining & Everyday Living. Open Balcony With Beautiful Views. Mins walk to TTC Subway, Yorkville, U of T, TMU, Eaton Centre & Restaurants. 24 Hour Concierge, Bicycle Room, Indoor Fitness Studio w/ Yoga Room & Sauna. Ideal For First Time Buyers, Investors, Singles, Couples.
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $2,651
- Property tax
- $255
- Heat allowance
- $150
- Condo fees, half counted
- $265
- Housing costs
- $3,322 / mo
Lenders cap these at 39% of gross income — that sets the number.
Down payment20% · $103,600
25-yr amortization
Income needed
$102,000
gross annual household income
- Payment at 4%
- $2,180 / mo
- Cash down
- $103,600
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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