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| Parking Included |















1602 - 18 Spring Garden Avenue
Willowdale East, Toronto
$649,900
Bright Corner Unit 2 Bedroom + 2 Washroom At Prime Yonge & Sheppard. Excellent & Practical Layout With Separate Corner Sunfilled Kitchen. WalkOut From Living Room & Kitchen To Large Balcony. Primary Bedroom Can Easily Fit A King-Sized Bed & With A Walk-In Closet. Freshly Painted And Upgraded Granite Countertop in Kitchen And Washrooms. Underground Parking &Locker. Maintenance Fee Includes All Utilities. 24 Hr Concierge, Gym, Indoor Pool, Sauna,Bowling, Billiards, Library, Theatre, Party/Meeting Room & Guest Suite. Steps To Subway,Sheppard Centre Mall, No Frills, Longos, Food Basics, Cineplex, Mel Lastman's Square, EmpressWalk Mall, North York Civic Centre, Library, Restaurants, Hwy 401, Etc.
No extras listed.
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $3,326
- Property tax
- $293
- Heat allowance
- $150
- Condo fees, half counted
- $456
- Housing costs
- $4,226 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$130,000
gross annual household income
- Payment at 4%
- $2,735 / mo
- Cash down
- $129,980
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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