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Listed 13 days ago

1201 - 22 Olive Avenue

Willowdale East, Toronto

$469,000

Condo Apartment |
1 + 1 | 1 | 1 | 1
About this home

Well-located at Yonge & Finch, this bright 1+1 bedroom suite offers a functional layout of approximately 665 sq ft. The open-concept living and dining area is filled with natural light and connects to a practical kitchen with breakfast bar and good storage. The separate den, complete with French doors and a closet, works well as a home office or can accommodate a second bedroom. Maintenance fees all include all utilities (heat, hydro, and water). Includes one underground parking space and a locker. Well-managed building with amenities such as a fitness room, party/meeting space, billiards room, visitor parking, and 24-hour gatehouse security. Steps to the subway, GO, shops, restaurants, and daily essentials.

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agent
Macallum Tepsich
(647) 326-2579
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size600-699 sq. ft.
Maintenance Fees$633
LockerOwned
BalconyOpen
ExposureWest
Parking TypeUnderground
Parking Spaces1
Parking FeaturesUnderground
Property Tax$2,287
mls© NumberC13811952
Listed ByRE/MAX PREMIER INC.
Heat Included
Hydro Included
Water Included
CAC Included
Common Elements Included
Building Insurance Included
Parking Included

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

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What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$2,401
Property tax
$191
Heat allowance
$150
Condo fees, half counted
$317
Housing costs
$3,058 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $93,800
25-yr amortization

Income needed

$94,000

gross annual household income

Payment at 4%
$1,974 / mo
Cash down
$93,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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