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New5 days ago

2313 - 761 bay Street

Bay Street Corridor, Toronto

$588,800

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

Bright and spacious 1-bedroom condo at College Park 2, located in the highly sought-after Bay Street Corridor. This unit features an additional 70 sq. ft. balcony, 9 ft ceilings, and floor-to-ceiling windows providing abundant natural light. Perfectly situated steps from the University of Toronto, Toronto Metropolitan University (formerly Ryerson), major hospitals, Eaton Centre, Financial District, Maple Leaf Gardens, Loblaws, Sobeys, Metro, and Winners. Enjoy direct access to the subway and convenient access to public transit, shopping, restaurants, and entertainment. The building offers exceptional amenities including 24-hour concierge service, indoor swimming pool, sauna, fully equipped gym, party room, game room, business centre, and guest suites. The unit includes one parking space and one locker, has been freshly painted and professionally cleaned, and is move-in ready. A fantastic opportunity to enjoy comfort, convenience, and an unbeatable downtown location.

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agent
Milad Momtaz Azad
(647) 510-8858
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size600-699 sq. ft.
Maintenance Fees$597
LockerOwned
BalconyOpen
ExposureNorth
Parking TypeUnderground
Parking Spaces1
Parking FeaturesNone
Property Tax$3,683
mls© NumberC13622982
Listed ByAIMHOME REALTY INC.
Heat Included
Water Included
Building Insurance Included
Parking Included
CAC 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%
$3,014
Property tax
$307
Heat allowance
$150
Condo fees, half counted
$298
Housing costs
$3,769 / mo

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

Down payment20% · $117,760
25-yr amortization

Income needed

$116,000

gross annual household income

Payment at 4%
$2,478 / mo
Cash down
$117,760

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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