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New7 hours ago

608 - 126 Simcoe Street

Waterfront Communities C1, Toronto

$356,000

Condo Apartment |
0 | 1 | 0 | 0
About this home

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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agent
Macallum Tepsich
(647) 326-2579
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size0-499 sq. ft.
Maintenance Fees$384
LockerNone
BalconyNone
ExposureNorth
Parking TypeUnderground
Parking Spaces0
Parking FeaturesNone
Property Tax$2,141
mls© NumberC14159820
Listed ByRE/MAX REALTRON REALTY INC.
Water Included
Heat Included
Common Elements Included
Building Insurance Included
CAC Included

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

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Could you afford this home?

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.

Down payment20% · $71,200
25-yr amortization

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 check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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