| Common Elements Included |
New2 hours ago
3810 - 50 Wellesley Street E
Church-Yonge Corridor, Toronto
$645,000
Condo Apartment |
2 | 2 | 0 | 0
About this home
Very Bright Sun-Filled Corner Unit With Large Balcony. 2 Bedroom 2Bathroom. 9 Feet Ceiling. Floor To Ceiling Window. Laminate Flooring Throughout, Stainless Steel Appliances. One Minute Walk To Wellesley Subway Station And Park. Walking Distance To U Of T, Ryerson University, Shops, Restaurants, Hospitals, 99/100 Transit Score,99/100 Walk Score. 24 Hours Concierge, Outdoor Pool.
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $3,301
- Property tax
- $326
- Heat allowance
- $150
- Condo fees, half counted
- $246
- Housing costs
- $4,023 / mo
Lenders cap these at 39% of gross income — that sets the number.
Down payment20% · $129,000
25-yr amortization
Income needed
$124,000
gross annual household income
- Payment at 4%
- $2,714 / mo
- Cash down
- $129,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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