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New2 hours ago

409 - 889 Bay Street

Bay Street Corridor, Toronto

$535,000

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

Bright, west-facing 1-bedroom condo with parking and locker in an unbeatable downtown location. Large windows fill the unit with natural light, while the spacious balcony is perfect for enjoying the afternoon and evening sun. The kitchen is finished with a higher-end stainless steel KitchenAid appliance package and breakfast bar. In the bedroom you'll find a large walk-through closet leading to the semi-ensuite bathroom. A generously sized laundry closet offers loads of additional storage (almost like a second locker). Upgraded blinds are found in both the living room and bedroom. Parking and locker are included. For your convenience the building features a professional 24-hour concierge service, gym, party room, visitor parking and modern FOB activated elevators. Maintenance fees are inclusive of all utilities! Walk to Wellesley and College subway stations, U of T, TMU, hospitals, shops, restaurants and everything else downtown has to offer. Some furniture can be included in the sale.

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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
Size600-699 sq. ft.
Maintenance Fees$761
LockerEnsuite+Owned
BalconyOpen
ExposureWest
Parking TypeUnderground
Parking Spaces1
Parking FeaturesNone
Property Tax$3,023
mls© NumberC13745586
Listed ByEXP REALTY
Heat Included
Hydro Included
Water Included
CAC Included
Building Insurance Included
Parking Included
Common Elements 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%
$2,738
Property tax
$252
Heat allowance
$150
Condo fees, half counted
$381
Housing costs
$3,521 / mo

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

Down payment20% · $107,000
25-yr amortization

Income needed

$108,000

gross annual household income

Payment at 4%
$2,251 / mo
Cash down
$107,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

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