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123 - 637 Lake Shore Boulevard W
Niagara, Toronto
$899,000
Bishop & Millers Art Deco Masterpiece, Tip Top Lofts! This Approx 800 Sq/ft 1 Bedroom+ Den Original "Hard Loft" features a large Private Terrace (approx) 225Sq/ft, Soaring Ceilings w/Pot lights, 2 Walkouts, low maintenance fee's, Southern Exposure, Nicely Renovated Spa Bath, Custom designed Distressed Warehouse style Barn door to Bedroom, Custom built in Bedroom dresser, Hickory hand scrapped flooring, Custom California shutters, underground parking, Ensuite storage, Building features Top shelf GYM, Party room, Sauna's, Whirlpool bath, roof top terrace w/communal BBQ's, Firepits, Sunbeds & Gazebo. Steps to Lake, Coronation park, Dog park, Marina's, Island Airport, Yacht clubs, TTC, LOBLAWS, LCBO, Waterfront trail & much more!
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $4,601
- Property tax
- $289
- Heat allowance
- $150
- Condo fees, half counted
- $336
- Housing costs
- $5,376 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$165,000
gross annual household income
- Payment at 4%
- $3,783 / mo
- Cash down
- $179,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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