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New3 hours ago

3208 - 85 Queens Wharf Road

Waterfront Communities C1, Toronto

$370,000

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

Opportunity is knocking! Are you tired of paying for someone else's mortgage? This is your opportunity to build your new/existing real estate portfolio. Here we have a 438 sqft Studio Unit in the Spectra Condo By Concord Adex. Located in the heart of Downtown Toronto! Close To TTC, Steps From Major Banks (TD), Restaurants, Grocery (Loblaws, Starbucks) retail Stores, Library, Parks, the lake, & much more! This unit is functional and versatile with the space organizer. Enjoy the great views from the Juliet balcony including the CN Tower, green space, city skylines. The Building is equipped with multi Floors Of amazing Amenities. to name a few: indoor Pool, Hot Tub, Gym, Indoor Basketball Court, massage room, movie room. Rooftop Bbq, 24/7 Concierge & Security With Ample Visitor Parking. Do not Miss Out On This Great Unit, what are you waiting for? Do not wait to buy real estate, buy real estate and wait!

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nest zoom realty
(416) 276-9973
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size0-499 sq. ft.
Maintenance Fees$379
LockerNone
BalconyJuliette
ExposureNorth
Parking TypeNone
Parking Spaces0
Parking FeaturesNone
Property Tax$2,026
mls© NumberC13861220
Listed ByREMAX YOUR COMMUNITY REALTY
Water Included
CAC Included
Heat Included
Building Insurance 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%
$1,894
Property tax
$169
Heat allowance
$150
Condo fees, half counted
$189
Housing costs
$2,402 / mo

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

Down payment20% · $74,000
25-yr amortization

Income needed

$74,000

gross annual household income

Payment at 4%
$1,557 / mo
Cash down
$74,000

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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