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Listed 2 months ago

503 - 500 Glencairn Avenue

Englemount-Lawrence, Toronto

$629,000

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

Fully updated, move-in ready 1000+ sq foot penthouse unit with no wasted space. Boutique building with fewer than 40 units for ultimate privacy and quietude. Full-sized, renovated kitchen with plenty of cabinet space, sleek quartz countertops, and double-undermount sinks. 10-foot ceilings and large windows in family room and bedrooms bring in an abundance of natural light throughout the day. Split bedroom and den (large enough to double as a 2nd full-sized bedroom) enables multiple uses. Primary bedroom easily accommodates a king bed+. Spacious dining room for entertaining family and friends. Bonus proximity right next door to stairwell leading to expansive rooftop patio - effectively your own enormous terrace, as it is rarely used by other residents - set up your own loungers and patio set and enjoy! In-suite, full-sized laundry with additional storage. 1 prime parking space and locker included. Steps to places of worship, Glencairn subway, shops, and so much more. Sabbath elevator available. Maintenance includes practically everything but hydro! Rooftop patio photo has been virtually staged.

Extras

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Got questions?

Contact Milad directly.

agent
Milad Momtaz Azad
(647) 510-8858
TypeCondo Apartment
Style1 Storey/Apt
Approx. AgeNot available
Size1000-1199 sq. ft.
Maintenance Fees$1,073
LockerOwned
BalconyJuliette
ExposureNorth
Parking TypeAttached
Parking Spaces1
Parking FeaturesUnderground
Property Tax$2,368
mls© NumberC13444198
Listed ByRE/MAX REALTRON REALTY INC.
Heat 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%
$3,220
Property tax
$197
Heat allowance
$150
Condo fees, half counted
$537
Housing costs
$4,104 / mo

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

Down payment20% · $125,800
25-yr amortization

Income needed

$126,000

gross annual household income

Payment at 4%
$2,647 / mo
Cash down
$125,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

Values and trends

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