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Price Change$349,900

305 - 88 Charles Street E

Church-Yonge Corridor, Toronto

$299,000

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

Great opportunity for first-time buyers or investors!Ideal for students attending U of T or TMU - own while you study, with the flexibility to keep as an investment or sell after graduation. Unique studio in the historic Waldorf Astoria featuring a smart, functional layout, full kitchen, ensuite laundry, and quiet garden view. Well-proportioned space rarely found in many newer condos. Steps to subway, hospitals, Yorkville, Church-Wellesley Village and Yonge & Bloor PATH (99 Walk Score). Low maintenance fees include all utilities. Monthly parking options are available nearby for those who require it. An excellent alternative to renting in a highly sought-after location.

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nest zoom realty
(416) 276-9973
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size0-499 sq. ft.
Maintenance Fees$602
LockerNone
BalconyNone
ExposureNorth
Parking TypeUnderground
Parking Spaces0
Parking FeaturesNone
Property Tax$1,825
mls© NumberC13108968
Listed BySUTTON GROUP-ADMIRAL REALTY INC.
Heat Included
Hydro Included
Water Included
CAC Included
Common Elements Included
Building Insurance Included

Listing History

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

Schools

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What the bank counts

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

Mortgage, tested at 6%
$1,530
Property tax
$152
Heat allowance
$150
Condo fees, half counted
$301
Housing costs
$2,134 / mo

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

Down payment20% · $59,800
25-yr amortization

Income needed

$66,000

gross annual household income

Payment at 4%
$1,258 / mo
Cash down
$59,800

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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