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423 - 816 Lansdowne Avenue
Dovercourt-Wallace Emerson-Junction, Toronto
$635,000
**LOCATION, LOCATION, LOCATION!** Welcome to Upside Down Condos at Lansdowne & Dupont! An excellent opportunity to own a spacious 860 sq. ft. 2-bedroom, 2-bathroom suite in Toronto's vibrant Wallace Emerson neighbourhood. Featuring a functional layout with generous living space, this suite offers comfortable urban living and a private balcony (9'6" x 4'6"). Bedrooms flooring were updated in 2024 from carpet to laminate. Includes one underground parking space and one locker for added convenience and storage. Enjoy the building's amenities, including Party Room/Meeting Room, Gym/Exercise Room, Yoga Studio, Indoor Half-Court Basketball Area, Billiards, Games, Recreation Room, Sauna and visitor parking. Conveniently located within walking distance to Lansdowne Subway Station, TTC, grocery stores, cafés, restaurants and everyday amenities. Easy access to Bloor Street, Geary Avenue, the Junction and downtown Toronto. An excellent opportunity for first-time buyers, couples, small 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%
- $3,250
- Property tax
- $236
- Heat allowance
- $150
- Condo fees, half counted
- $397
- Housing costs
- $4,033 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$124,000
gross annual household income
- Payment at 4%
- $2,672 / mo
- Cash down
- $127,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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