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2811 - 5 Massey Square
Crescent Town, Toronto
$370,000
Bright, Spacious, And Functional 2-Bedroom Condo Offering Exceptional Value And Effortless City Living. Features A Light-Filled Layout With A Generous Living Area, Full-Size Dining Room, Large Windows, And A Private Balcony With Eastern Views Extending To The Beaches On Clear Days. Located In A Well-Managed Building With Top-Tier Amenities: Indoor Pool, Gym, Jogging Track, Basketball/Squash Courts, And More. All-Inclusive Maintenance Fees Cover All Utilities For Worry-Free Monthly Budgeting. Unbeatable Location Right Across From Victoria Park Subway Station - Just ~20 Mins To Downtown. Steps To Metro, Loblaws, LCBO, Schools, And Parks. Perfect For First-Time Buyers, Downsizers, Or Investors!
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $1,894
- Property tax
- $99
- Heat allowance
- $150
- Condo fees, half counted
- $420
- Housing costs
- $2,563 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$79,000
gross annual household income
- Payment at 4%
- $1,557 / mo
- Cash down
- $74,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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