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New4 hours ago

816 - 39 Parliament Street

Waterfront Communities C8, Toronto

$889,000

Condo Apartment |
2 | 2 | 1 | 1
About this home

ACTUALLY, ROMANTIC. Streets of gingerbread-coloured cobblestone and heritage buildings of rich red brick sets the scene for this spacious, conventional apartment found at the foot of Toronto's most distinctive neighbourhood: The Distillery District.Autumn hues and the warm stone backdrop of historical architecture offer a timeless atmosphere year round. 39 Parliament isn't another flashy, glassy highrise chasing the next trend.This split-layout suite is more like a reserved intellectual: confident in who it is and built to last. Think classic novel or tailored jacket.Roomy bedrooms and a large, renovated kitchen with full-sized appliances offer comfort and practicality, while the complete ensuite laundry room with plenty of storage adds a level of functionality. This suite is thoughtfully designed for the messiness of real life -kids, pets, home offices, hobbies & more. It embraces modern living while preserving its mature charm. Not to mention, city and CN Tower views.With European flair, the Distillery District (turns into the world-famous, magical Winter Village) would be your everyday life. Shops, Cafés, Restaurants, Galleries, Patios and Pop-up Markets all within reach. Venture beyond the village to St Lawrence Market for your weekend haul, or wander through Corktown Common with your favourite friend (let's be honest, it's your dog).Downtown and Union station are only a 25-minute walk away, or catch the streetcar 3 minutes from your door. Pedestrian-only appeal, you get Eataly, Balzac's, Brick Street Bakery and more, just steps away. And with the Ontario Line on the horizon, the neighbourhood's exceptional connectivity is only getting better.

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agent
Macallum Tepsich
(647) 326-2579
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size1000-1199 sq. ft.
Maintenance Fees$803
LockerOwned
BalconyOpen
ExposureSouth
Parking TypeUnderground
Parking Spaces1
Parking FeaturesUnderground
Property Tax$3,379
mls© NumberC13875564
Listed BySAGE REAL ESTATE LIMITED
Heat Included
Water Included
CAC Included
Common Elements Included
Building Insurance Included
Parking Included

Listing History

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  • No recent lease history for this listing.

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What the bank counts

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

Mortgage, tested at 6%
$4,550
Property tax
$282
Heat allowance
$150
Condo fees, half counted
$402
Housing costs
$5,383 / mo

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

Down payment20% · $177,800
25-yr amortization

Income needed

$166,000

gross annual household income

Payment at 4%
$3,741 / mo
Cash down
$177,800

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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