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New2 hours ago

2304 - 55 Centre Avenue

Bay Street Corridor, Toronto

$369,000

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

**An Affordable Opportunity In The Heart Of Downtown Toronto!** Welcome to 55 Centre Ave #2304, where downtown ownership is within reach. Located in the sought-after Bay Street Corridor, this approximately 589 sq. ft. suite offers a functional layout with hardwood floors, bright bedrooms with a large bay window, good size living area, a separate dining area, galley kitchen, 4-piece bath and in-suite laundry. Currently configured with two compact bedrooms, the flexible layout offers options to suit your needs, whether you're looking for a downtown home, a work-from-home setup or an investment opportunity. Prefer a more open feel? Remove the existing partition wall to create a more spacious one-bedroom layout. An unbeatable central location just steps to St. Patrick subway station, U of T, Toronto Metropolitan University, the Financial District, major hospitals, Chinatown, Eaton Centre, restaurants and everyday conveniences. Enjoy the best of downtown living with the freedom to make the space your own. A great opportunity for first-time buyers and investors alike!

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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
Size500-599 sq. ft.
Maintenance Fees$676
LockerNone
BalconyNone
ExposureWest
Parking TypeUnderground
Parking Spaces0
Parking FeaturesNone
Property Tax$2,010
mls© NumberC13849934
Listed ByKELLER WILLIAMS PORTFOLIO REALTY
Heat Included
Water Included
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%
$1,889
Property tax
$168
Heat allowance
$150
Condo fees, half counted
$338
Housing costs
$2,544 / mo

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

Down payment20% · $73,800
25-yr amortization

Income needed

$78,000

gross annual household income

Payment at 4%
$1,553 / mo
Cash down
$73,800

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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