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3405 - 20 Lombard Street
Church-Yonge Corridor, Toronto
$699,000
South-West Lakeview Corner Unit, 2+1 and 2 Full bathroom, One parking and One locker, Suite 895 SQ FT, South-West Facing Wrap-Around Balcony 506 SQ FT With 2 Walk-Outs. Lake & City Views. A Spacious Den That Can Easily Serve As A 3rd Bedroom. Soar With Floor-To-Ceiling Windows Throughout & 9Ft Smooth Ceilings. The Custom Kitchen & Integrated Appliances Add A Touch Of Pure Luxury, Complemented By An Airy, Light-Filled Living & Dining Space. Includes 1 Parking & 1 Locker. Steps To Groceries, Subway, PATH, Banks, Eaton Centre, TMU, Financial & Entertainment Districts. Enjoy World-Class Amenities In Toronto's Premier Downtown Core!
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $3,578
- Property tax
- $449
- Heat allowance
- $150
- Condo fees, half counted
- $475
- Housing costs
- $4,652 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$143,000
gross annual household income
- Payment at 4%
- $2,942 / mo
- Cash down
- $139,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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