| Heat Included | |
| Common Elements Included | |
| Building Insurance Included |
New1 hour ago
2304 - 238 Simcoe Street
Kensington-Chinatown, Toronto
$780,000
Condo Apartment |
2 | 2 | 0 | 1
About this home
Approx 849Sf (As Per Builder) 2 Bedroom 2 Bathroom Corner Unit In Artists' Alley By Lanterra. Located Just 1 Street Over From Ocad & AGO, The Unit Is Perfect For Young Professionals, Investors And Families Alike. Experience Countless Restaurants, Shops, Parks, Entertainment, And More Within A Few Minutes Walk From The Building, Or Head To St Patrick Station Just North East Of The Building To Access The Ttc And The Rest Of Toronto! Photos taken prior to tenant move-in" in the client remarks section.
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What the bank counts
This home's estimated carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $3,992
- Property tax (estimated)
- $0
- Heat allowance
- $150
- Condo fees, half counted
- $383
- Housing costs
- $4,526 / mo
Lenders cap these at 39% of gross income — that sets the number.
Down payment20% · $156,000
25-yr amortization
Income needed
$139,000
gross annual household income
- Payment at 4%
- $3,282 / mo
- Cash down
- $156,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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