| Heat Included | |
| Building Insurance Included | |
| Parking Included | |
| CAC Included |
New3 hours ago
1017 - 85 Wood Street
Church-Yonge Corridor, Toronto
$609,000
Condo Apartment |
2 | 1 | 1 | 0
About this home
Bright, spacious and convenient living in the heart of Toronto's downtown core. Gorgeous 2 bedroom, sun-filled, south facing unit with extra large balcony and one parking included! Laminate throughout, large bedrooms with double mirrored closets, ensuite laundry, stainless steel appliances all within an open and airy space. This unit provides the perfect space, exposure and location for the very best of city living! Steps to Yonge/College Subway Station, University of Toronto and Toronto Metropolitan University, major hospitals, shopping, grocery stores, restaurants and more!
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $3,117
- Property tax
- $307
- Heat allowance
- $150
- Condo fees, half counted
- $245
- Housing costs
- $3,819 / mo
Lenders cap these at 39% of gross income — that sets the number.
Down payment20% · $121,800
25-yr amortization
Income needed
$117,000
gross annual household income
- Payment at 4%
- $2,563 / mo
- Cash down
- $121,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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