| Heat Included | |
| Water Included | |
| CAC Included | |
| Common Elements Included | |
| Building Insurance Included |
New4 hours ago
2208 - 501 Yonge Street
Church-Yonge Corridor, Toronto
$499,000
Condo Apartment |
1 + 1 | 1 | 0 | 1
About this home
Wonderful Location at Yonge & Wellesley!Two-Year-New 1 Bed + Den at Teahouse Condos. Den Can Be Used as 2nd Bedroom or Home Office. 9' Ceilings & Laminate Flooring Throughout. Spacious Bedroom with Floor-to-Ceiling Windows. Modern Kitchen with Granite Countertop, Backsplash & S/S Appliances. Marble Vanity in Bath. Unobstructed East Sunrise View.Steps to U of T, TMU, Subway, Shops, Restaurants, Hospitals.Five-Star Amenities: 24/7 Concierge, Gym, Rooftop Pool & Patio, Hot/Cold Plunge Pools, Party Room with Wet Bar, Lounges, Billiards, Boardroom, Theatre & More!
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $2,554
- Property tax
- $230
- Heat allowance
- $150
- Condo fees, half counted
- $208
- Housing costs
- $3,142 / mo
Lenders cap these at 39% of gross income — that sets the number.
Down payment20% · $99,800
25-yr amortization
Income needed
$97,000
gross annual household income
- Payment at 4%
- $2,100 / mo
- Cash down
- $99,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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