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608 - 126 Simcoe Street
Waterfront Communities C1, Toronto
$356,000
Enjoy the convenience of downtown condo living at Boutique 2, ideally situated in Toronto's Financial and Cultural District. This functional bachelor suite features a well-designed layout, brand-new luxury vinyl plank flooring, and fresh paint throughout. The building offers an impressive array of amenities, including a 24-hour concierge, a well-equipped fitness centre, a game room, a party room, guest suites, a theatre room, a plunge pool, and a rooftop patio with a BBQ area. Located adjacent to the prestigious Shangri-La Hotel, with easy access to Roy Thomson Hall, University Avenue, major hospitals, subway stations, U of T, premier shopping, and first-class dining. An excellent investment opportunity or the perfect place to enjoy the vibrant downtown lifestyle!
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $1,822
- Property tax
- $178
- Heat allowance
- $150
- Condo fees, half counted
- $192
- Housing costs
- $2,343 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$72,000
gross annual household income
- Payment at 4%
- $1,498 / mo
- Cash down
- $71,200
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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