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New7 hours ago

731 - 251 Jarvis Street

Moss Park, Toronto

$389,000

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

Amazing investment opportunity. This condo is a registered Airbnb unit earning thousands of dollars per month, with perfect 5 star reviews. Ask sellers for past earnings. Comes completely furnished and already booked for Sept (~$5891.00) and Oct. A lot of repeat guests. Centrally located and walking distance to everything. Street car at door step. Starbucks and TD bank on ground floor. West exposure means lots of sun in the afternoon. 38 sq ft balcony. Hit the ground running and earn thousands per month by working only several hours per month.

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Got questions?

Contact Sell with Strategy.

Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size0-499 sq. ft.
Maintenance Fees$437
LockerNone
BalconyOpen
ExposureWest
Parking TypeUnderground
Parking Spaces0
Parking FeaturesNone
Property Tax$1,926
mls© NumberC13655670
Listed BySUTTON GROUP REALTY SYSTEMS INC.
Common Elements Included
Building Insurance Included

Listing History

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

Schools

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$1,991
Property tax
$160
Heat allowance
$150
Condo fees, half counted
$219
Housing costs
$2,520 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $77,800
25-yr amortization

Income needed

$78,000

gross annual household income

Payment at 4%
$1,637 / mo
Cash down
$77,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

Values and trends

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