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






















PH3 - 73 Richmond Street W
Bay Street Corridor, Toronto
$1,595,000
Coveted Renovated Penthouse In The Heart Of The Financial District. Rarely Offered Opportunity To Own A Piece Of Toronto's Historic Graphic Arts Building - A Classic 5-Storey Landmark Property Built In 1913 By Famed Architect Francis S. Baker. This Boutique Building Boasts A Distinctive Limestone Facade And Refined Interiors With Just 64 Suites, Offering The Rare Few An Exceptional Blend Of Distinguished Architecture With The Convenience Of The Financial Core, And The Ultra-Rare Perks Of Downtown Toronto. Penthouse 3 Features A Main Floor Primary Suite With Walk-In Closet, Open Concept Living And Dining Area With Soaring 13.5'Ceilings, Sun-Drenched Interiors, 2nd Floor Loft Bedroom/Office Offering Flexible Live-WorkZoning Ideal For The Upscale Professional, And Enviable Large Private Outdoor Terrace With Panoramic City Views That Include City Hall And Nathan Phillips Square. This Exclusive Property Offers Unmatched Walkability And Transit Access Surrounded By World-ClassRestaurants And Upscale Shops Of The Eaton Centre, And Steps From The Entertainment District, PATH System And Osgoode Station - A Level Of Prestige, Elegance, And Convenience That Sees No Rival In The City Of Toronto.
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $8,164
- Property tax
- $456
- Heat allowance
- $150
- Condo fees, half counted
- $1,152
- Housing costs
- $9,921 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$305,000
gross annual household income
- Payment at 4%
- $6,712 / mo
- Cash down
- $319,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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