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New3 hours ago

1811 - 711 Bay Street

Bay Street Corridor, Toronto

$699,000

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

Welcome To 711 Bay Street, Nestled In The Vibrant And Highly Coveted Bay Street Corridor In Downtown Toronto. This Residence is conveniently located near the College Subway Station, the University Of Toronto, Toronto Metropolitan University, Major Hospitals, Eaton Centre, And A Wide Selection Of Restaurants and Shops. This Bright And Spacious Suite Features 2-Bedrooms, 2-Bathrooms, Plus a Den ideal for a home office. A Functional Open-Concept Layout, Offering Comfortable Living Space And Excellent Convenience. An Ideal Opportunity For Investors, Young Professionals, And Students Looking To Live In Downtown With Easy Access To Transit, Shopping, Universities, Hospitals, And Work. 1 Parking and 1 Locker.

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agent
Macallum Tepsich
(647) 326-2579
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size1000-1199 sq. ft.
Maintenance Fees$1,241
LockerOwned
BalconyNone
ExposureNorth South
Parking TypeUnderground
Parking Spaces1
Parking FeaturesUnderground
Property Tax$3,913
mls© NumberC14126626
Listed ByRE/MAX REALTRON REALTY INC.
Heat Included
Common Elements Included
Hydro Included
Building Insurance Included
Water Included
Parking Included
CAC 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%
$3,578
Property tax
$326
Heat allowance
$150
Condo fees, half counted
$620
Housing costs
$4,674 / mo

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

Down payment20% · $139,800
25-yr amortization

Income needed

$144,000

gross annual household income

Payment at 4%
$2,942 / mo
Cash down
$139,800

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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