| None |
New2 hours ago
411 - 20 Thomas Riley Road
Islington-City Centre West, Toronto
$399,000
Condo Apartment |
2 | 1 | 1 | 0
About this home
Bright & Stylish Open-Concept 2-Bedroom at The Kip District! Laminate Floors Throughout, Modern Kitchen, Walkout to Balcony with Panoramic SW Views. 1 Underground Parking Space, 24-Hour Concierge. Top Amenities Include: Gym, Party Room, Theatre Room, Media Lounge, Pet Wash Station, BBQ Area & Guest Suites. Steps to Kipling Subway, Transit at Door, Minutes to Hwy 427, Schools, Restaurants & Sherway Gardens.
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Listing History
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $2,042
- Property tax
- $192
- Heat allowance
- $150
- Condo fees, half counted
- $297
- Housing costs
- $2,682 / mo
Lenders cap these at 39% of gross income — that sets the number.
Down payment20% · $79,800
25-yr amortization
Income needed
$83,000
gross annual household income
- Payment at 4%
- $1,679 / mo
- Cash down
- $79,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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