1-Bedroom Condo with Tenant in Place. Turnkey Investment in Toronto's Entertainment District. Take advantage of a rare opportunity to acquire a fully tenanted, income-generating 1-bedroom condo in one of Toronto's most in-demand downtown locations. This unit comes with an excellent long-term tenant in place and a $2350 rental income. This high floor unit features a 546 sq. ft. functional floor plan with in-suite laundry, floor-to-ceiling windows, a west view and good size balcony. The kitchen features granite countertops and stainless steel appliances. This modern building with top-tier amenities include a 24-hour concierge, gym, and all-season indoor pool with low condo fees! Conveniently located near TTC stations and streetcar access, with dining, shopping, and entertainment nearby. 1 locker included. This is perfect for investors wanting a turnkey rental.
Source: CREA
Brokerage: KELLER WILLIAMS REFERRED URBAN REALTY
MLS: C12283668
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Your affordability score is 3
Based on your annual income, you can afford a home around $658,670.05 with similar expenses like taxes, condo fees and utilities.
*Please note this is an estimate and is for educational purposes only. A variety of factors may affect your real world rates, the mortgage amount you qualify for and your monthly payments. Never rely on information or assumptions provided by the calculator to make financial decisions. It is always important to speak with an accredited mortgage professional for advice before making any decisions.
Mortgage Payment
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Increase your down payment to will lead to a positive cash flow. Having a positive cash flow means your property is paying you each month, making it a more stable and reliable investment, even if unexpected expenses pop up.
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Investing in real estate is a big decision and our calculator is here to help you get a quick, initial feel for potential scenarios. Think of it as a helpful exploratory tool to identify potential properties and spark your ideas, rather than a definitive guide. Please remember, the results are for informational purposes only and shouldn't be the sole basis for your investment decisions. Before making any financial commitments, we strongly recommend chatting with a Condo Culture investment advisor to get personalized guidance.
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