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New2 hours ago

404 - 117 Gerrard Street E

Church-Yonge Corridor, Toronto

$325,000

Condo Apartment |
1 | 1 | 0 | 0
About this home

More space, more light and a layout with options! This bright and spacious downtown suite offers plenty of room to live, work and entertain, with separate living and dining areas, a dedicated office space, updated kitchen and an abundance of natural light throughout. The bedroom remains a generous, defined sleeping area, while the former dividing wall has been removed to create a larger, more open feel and maximize the usable space. Prefer a little more separation? A virtually staged photo shows how easily a stylish divider could be incorporated while keeping the room bright and spacious. The maintenance fee includes all of your utilities, cable and high speed internet! The building is loaded with amenities, including an incredible rooftop terrace with panoramic city views and hot tub, fully equipped gym, games room, party room, sauna, visitor parking and 24 hour concierge/security. Right in the heart of downtown, with a walk score of 98/100, you're surrounded by everything that makes city living convenient: Toronto Metropolitan University, the Eaton Centre, hospitals, restaurants, groceries, transit and the subway are all close by. An excellent option for first time buyers, professionals, students, investors or anyone looking for a spacious downtown home with a layout that can adapt to how you actually want to live. *Some photos virtually staged.

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agent
Macallum Tepsich
(647) 326-2579
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size500-599 sq. ft.
Maintenance Fees$700
LockerNone
BalconyNone
ExposureEast
Parking TypeUnderground
Parking Spaces0
Parking FeaturesNone
Property Tax$1,825
mls© NumberC14099186
Listed ByRE/MAX WEST REALTY INC.
Heat Included
Hydro Included
Water Included
Cable TV Included
CAC Included
Common Elements Included
Building Insurance Included

Listing History

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

Schools

Could you afford this home?

What the bank counts

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

Mortgage, tested at 6%
$1,663
Property tax
$152
Heat allowance
$150
Condo fees, half counted
$350
Housing costs
$2,316 / mo

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

Down payment20% · $65,000
25-yr amortization

Income needed

$71,000

gross annual household income

Payment at 4%
$1,368 / mo
Cash down
$65,000

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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