| Common Elements Included | |
| Building Insurance Included | |
| Heat Included | |
| Water Included | |
| Parking Included |
New5 hours ago
405 - 500 Avenue Road
Casa Loma, Toronto
$929,000
Condo Apartment |
2 | 2 | 1 | 1
About this home
500 Avenue Road condominiums. A blank slate of 1372 sq ft. for you to make yours! Large open living / dining room, 2 full bathrooms, 1 parking spot and locker! Fabulous building with exceptional concierge services, valet parking, visitor parking, exercise room, and party room. Suite being sold in as is condition and Buyer to renovate at their expense. NOTE: When renovating a heat pump with CAC must be installed.
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $4,755
- Property tax
- $464
- Heat allowance
- $150
- Condo fees, half counted
- $884
- Housing costs
- $6,253 / mo
Lenders cap these at 39% of gross income — that sets the number.
Down payment20% · $185,800
25-yr amortization
Income needed
$192,000
gross annual household income
- Payment at 4%
- $3,909 / mo
- Cash down
- $185,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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