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Listed 1 month ago

426 - 8 Trent Avenue

East End-Danforth, Toronto

$579,000

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

Location Location Location Incredible opportunity in the East End Danforth community, perfect for first time buyers or investors. This spacious and well designed 2 bedroom suite offers a bright, open concept layout with southwest facing views. Enjoy this bright and spacious 2 bedroom plus den suite, a short walk from Main Subway Station. The eat-in kitchen features stainless steel appliances and a large balcony comes as part of your personal living space. A 4 piece ensuite bathroom is combined with the primary bedroom, plus there is also a second bathroom for guests. This sale includes on parking spot and one storage locker. Steps to shops and restaurants along the Danforth, plus minutes to streetcars, the subway and the Go train station. It is the perfect place to call home or a smart addition to your investment portfolio. Enjoy low maintenance fees that include heat and water, offering added value and stress free ownership. Residents have access to fantastic building amenities including a modern lounge, fully equipped fitness centre, rooftop terrace facing the Toronto Skyline with BBQs and gardens, party and meeting rooms with a full kitchen, and plenty of visitor parking. With just steps to Main Subway Station, the Danforth GO Train, or a quick streetcar ride downtown, making commuting effortless. Surrounded by grocery stores, cafés, restaurants, shopping along the Danforth, and nearby parks and recreation, everything you need is right at your doorstep. Whether you are looking to get into the market or expand your portfolio, this is a standout opportunity in a thriving neighborhood.

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agent
Milad Momtaz Azad
(647) 510-8858
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size800-899 sq. ft.
Maintenance Fees$575
LockerOwned
BalconyOpen
ExposureNorth West
Parking TypeUnderground
Parking Spaces1
Parking FeaturesNone
Property Tax$3,808
mls© NumberE13506256
Listed ByRE/MAX WEST REALTY INC.
Common Elements Included
Building Insurance Included
Water 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%
$2,964
Property tax
$317
Heat allowance
$150
Condo fees, half counted
$288
Housing costs
$3,718 / mo

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

Down payment20% · $115,800
25-yr amortization

Income needed

$114,000

gross annual household income

Payment at 4%
$2,437 / mo
Cash down
$115,800

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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