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1514 - 5 Northtown Way
Willowdale East, Toronto
$469,900
Located in the highly desirable and connected Willowdale East community, this south-west-facing, Tridel-built condo unit offers 579 square feet of functional living space complete with a private balcony and 1 underground parking spot. This functional layout features upgraded smooth ceilings with elegant crown mouldings and durable, scratch-resistant tile flooring designed to look like hardwood. A spacious kitchen comes equipped with quartz countertops, ample cabinet storage, and full-size stainless steel appliances. The open-concept living and dining area is flooded with natural light from floor-to-ceiling windows and provides a walk-out to enjoy afternoon sun and evening sunsets on the balcony. The generous bedroom comfortably accommodates a king-size bed and offers a large closet and a 2nd linen closet. Right beside it is the in-suite stacked laundry and a 4-piece bathroom equipped with a tub. Residents enjoy exceptional building amenities, including a 24-hour concierge, an 11,000-square-foot rooftop garden with 2 tennis courts and BBQ areas, an indoor pool, a bowling alley, a golf simulator, a games room, a party room, a fully equipped fitness center, a sauna, guest suites, and visitor parking, all supported by low, all-inclusive maintenance fees. The building offers unbeatable daily convenience with direct access to a grocery store and proximity to restaurants, coffee shops, speciality markets, local parks, and the Finch Recreational Trail. Commuting is effortless with a short walk to both North York Centre and Finch subway stations, alongside quick access to Highway 401, Highway 404, Highway 400, and the DVP.
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $2,405
- Property tax
- $184
- Heat allowance
- $150
- Condo fees, half counted
- $239
- Housing costs
- $2,978 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$92,000
gross annual household income
- Payment at 4%
- $1,977 / mo
- Cash down
- $93,980
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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