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Listed 8 days ago

1118 - 525 Adelaide Street W

Waterfront Communities C1, Toronto

$649,000

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

Bright and spacious 1+Den condo featuring 2 full washrooms, 1 parking space, and a locker inthe heart of sought-after King West. Enjoy breathtaking, unobstructed views of the Torontoskyline from this well-designed unit. Perfectly situated just minutes from the EntertainmentDistrict, Fashion District, and Toronto's Financial District, this location offers exceptionalconvenience and vibrant city living. Step outside to an incredible selection of trendyrestaurants, cafés, bars, boutique shopping, and exciting nightlife. Residents enjoy premiumamenities, including a 24-hour concierge, fully equipped fitness centre, yoga studio, indoorpool, sauna, party room, theatre, guest suites, and more. Located in a well-established,professionally managed building with the added benefit of low maintenance fees, this is anoutstanding opportunity for homeowners and investors alike

Extras

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Got questions?

Contact Milad directly.

agent
Milad Momtaz Azad
(647) 510-8858
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size600-699 sq. ft.
Maintenance Fees$495
LockerOwned
BalconyOpen
ExposureSouth
Parking TypeUnderground
Parking Spaces1
Parking FeaturesNone
Property Tax$2,979
mls© NumberC13611102
Listed ByBAY STREET GROUP INC.
Heat Included
Common Elements Included
Building Insurance Included
Parking Included
CAC 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%
$3,322
Property tax
$248
Heat allowance
$150
Condo fees, half counted
$247
Housing costs
$3,967 / mo

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

Down payment20% · $129,800
25-yr amortization

Income needed

$122,000

gross annual household income

Payment at 4%
$2,731 / mo
Cash down
$129,800

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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