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Islington-City Centre West, Toronto
$890,000
Welcome home to 400 The East Mall! This sun-filled, modern 2-bedroom condo townhouse, built in 2021, first occupancy December 2023offers over 1,000 sq. ft. of stylish living across two levels. The main floor features 9-ft ceilings, laminate flooring throughout, an open living and kitchen area with stainless steel appliances, a kitchen island with storage and room for stools, and a powder room. Step out to your private balcony for some fresh air. Upstairs, two spacious bedrooms and two 4-pc baths, including a primary ensuite. Comes with 1 parking space and 1 locker. Transit at your doorstep, 7 minutes to Kipling Station and Pearson Airport, with easy access to Hwy 427 and TTC to downtown. Enjoy building amenities including an indoor/outdoor gym, party room, outdoor BBQ and patios, and bike and visitor parking. Perfect for first-time buyers, growing families, or investors. Don't miss it!
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $4,555
- Property tax
- $365
- Heat allowance
- $150
- Condo fees, half counted
- $292
- Housing costs
- $5,362 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$165,000
gross annual household income
- Payment at 4%
- $3,745 / mo
- Cash down
- $178,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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