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Trinity-Bellwoods, Toronto
$1,349,000
Love life in Little Italy ...Toronto city living as good as it gets! South off vibrant College Street and steps to it all. Duplex (per MPAC) with two lovely bi-level apartments, high ceilings in main living areas, Victorian charm intact, modern amenities, each has own ensuite laundry. *** Apt#1 - Main + Bsmt. is a 2 Bedroom + unit, rented for $3069/mo + hydro ($3128 as of Jan.1), featuring eat-in kitchen w/dishwasher in island, reno'd bath, hardwood, funky metal spiral staircase, huge Rec Room in lower level or use as Main BR, 2 walk-outs (kitchen + basement) to private city perennial garden and garage access *** Apt#2 - Upper unit 2nd + 3rd floors is a 2 Bedroom $2,750/mo + hydro ($2802 as of Dec.1), Primary Bdrm on 3rd floor with skylight, Modern kitchen and bath, hardwood, bright and airy *** Both Tenants are month to month but would absolutely love to stay, or perfect for Owner looking for extra rental income. Conscientious Owners are offering a well kept property, with recent sewer upgrades, Aetna warranty in effect. Just steps to Trinity-Bellwoods Park, loads of life on College and Ossington, groceries nearby, easy access to TTC on College and Dundas, U of T / TMU. hospitals, downtown. Walk Score 93 = a Walkers Paradise, so daily errands do not require a car, one minute walk to Dundas West 505 streetcar. Showings require minimum 24 hour prior notice for Tenants.
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $6,905
- Property tax
- $726
- Heat allowance
- $150
- Housing costs
- $7,781 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$239,000
gross annual household income
- Payment at 4%
- $5,677 / mo
- Cash down
- $269,800
Assumes no other monthly debts · 25-yr amortization
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