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710 - 68 Merton Street
Mount Pleasant West, Toronto
$499,000
Bright one bedroom plus den suite at Life Condos, steps to Davisville subway and the shops and restaurants of Yonge Street. West-facing open-concept living and dining with walk-out to a private balcony, kitchen with granite counters and breakfast bar, and a primary bedroom with floor-to-ceiling windows. The den works well as a home office. Ensuite laundry, owned parking and owned locker. Building amenities include 24-hour concierge, gym, party room, guest suites and visitor parking.
No extras listed.
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Listing History
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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%
- $2,554
- Property tax
- $247
- Heat allowance
- $150
- Condo fees, half counted
- $330
- Housing costs
- $3,281 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$101,000
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
Estimated rent, cap rate and monthly cash flow for this property
Values and trends
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