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New5 hours ago

316 - 120 Varna Drive

Englemount-Lawrence, Toronto

$389,000

Condo Apartment |
1 | 1 | 0 | 1
About this home

Excellent layout featuring a separate, enclosed bedroom with a door and a rare, spacious south-facing terrace. Enjoy sunshine throughout the day, outdoor entertaining, or growing your own urban garden. A phenomenal location just steps from TTC, Yorkdale Mall, and major retailers, with convenient access to Highway 401. A compelling opportunity to secure a sought-after combination of functional indoor space, generous outdoor living, and exceptional convenience at today's prices. Tenanted until the end of December, with vacant possession available thereafter. ***The first four images are virtually staged.***

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agent
Macallum Tepsich
(647) 326-2579
TypeCondo Apartment
StyleApartment
Approx. Age0-5
Size0-499 sq. ft.
Maintenance Fees$398
LockerOwned
BalconyTerrace
ExposureSouth
Parking TypeUnderground
Parking Spaces0
Parking FeaturesUnderground
Property Tax$1,949
mls© NumberC14170246
Listed BySUTTON GROUP-ADMIRAL REALTY INC.
Heat Included
Water Included
CAC Included
Common Elements Included
Building Insurance Included

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

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Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$1,991
Property tax
$162
Heat allowance
$150
Condo fees, half counted
$199
Housing costs
$2,502 / mo

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

Down payment20% · $77,800
25-yr amortization

Income needed

$77,000

gross annual household income

Payment at 4%
$1,637 / mo
Cash down
$77,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

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