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New3 hours ago

317 - 319 Carlaw Avenue

South Riverdale, Toronto

$640,000

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

**Remarks for Clients** (about 1,320/2,000 characters)The grill is on. The string lights are up. Your friends are in no rush to leave. That's a normal summer night on the 340 sq ft private terrace at Suite 317, 319 Carlaw Ave. Most condos give you a balcony. This loft gives you a real outdoor room. It faces south and fits a dining table, a lounge set and a small garden. Water, gas and power are all there, so you can grill, garden and stay out long after dark. The building to the south is a heritage property, so your sun and open sky are about as safe as they get in this city. Inside, the loft feels open and easy, with concrete ceilings and hardwood floors. The living and dining area opens right onto the terrace, so in summer your home almost doubles in size. Laundry is in the suite. Parking and a locker are included, with room for the car, the bikes and the patio chairs come winter. Start your day with coffee in the sun. Walk to Queen Street East for brunch, bakeries and Leslieville's small shops. Run in Riverdale Park or catch the sunset over the skyline. Then come home and eat outside. Streetcars on Queen and Gerrard get you downtown without a car, and a new Ontario Line station is being built at Gerrard and Carlaw. This is a place for people who like to host and want character, not another cookie-cutter shoebox. String lights not included, so pack your own!

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nest zoom realty
(416) 276-9973
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size600-699 sq. ft.
Maintenance Fees$560
LockerOwned
BalconyTerrace
ExposureSouth
Parking TypeUnderground
Parking Spaces1
Parking FeaturesUnderground
Property Tax$3,146
mls© NumberE13820564
Listed ByKELLER WILLIAMS REFERRED URBAN REALTY
Heat Included
Water Included
Building Insurance Included
Common Elements Included

Listing History

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  • 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%
$3,276
Property tax
$262
Heat allowance
$150
Condo fees, half counted
$280
Housing costs
$3,968 / mo

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

Down payment20% · $128,000
25-yr amortization

Income needed

$122,000

gross annual household income

Payment at 4%
$2,693 / mo
Cash down
$128,000

Assumes no other monthly debts · 25-yr amortization

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Investment Analysis

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