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New11 hours ago

3113 - 38 Elm Street

Bay Street Corridor, Toronto

$539,000

Condo Apartment |
1 | 2 | 2 | 1
About this home

RARE CONDO WITH 2 PARKINGS. Absolutely gorgeous unit with CN Tower & city views. Prime location of downtown. It comes with 1 bedroom with 5-pc Ensuite bathroom, big walk-in closet and 2 bathrooms in total. 1 exclusive locker as well. The most desired layout in the entire building. Gym, patio-access, kids play area, 24 hrs concierge.

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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeCondo Apartment
StyleApartment
Approx. Age31-50
Size700-799 sq. ft.
Maintenance Fees$1,047
LockerExclusive
BalconyNone
ExposureSouth West
Parking TypeUnderground
Parking Spaces2
Parking FeaturesUnderground
Property Tax$3,077
mls© NumberC13775346
Listed ByHOMELIFE SILVERCITY REALTY INC.
Heat Included
Hydro Included
Water Included
CAC Included
Common Elements Included
Building Insurance Included
Parking 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%
$2,759
Property tax
$256
Heat allowance
$150
Condo fees, half counted
$523
Housing costs
$3,689 / mo

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

Down payment20% · $107,800
25-yr amortization

Income needed

$113,000

gross annual household income

Payment at 4%
$2,268 / mo
Cash down
$107,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

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