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New2 hours ago

89 Mcgill Street

Church-Yonge Corridor, Toronto

$799,000

Condo Apartment |
3 | 2 | 1
About this home

Rarely offered 3-bedroom residence at Alter Condos by renowned builder Tridel, showcasing spectacular, unobstructed downtown skyline views and iconic CN Tower views from the comfort of your own home! In a city surrounded by high-rise towers, this exceptional suite offers a rare sense of openness, privacy and breathtaking views from every room. Floor-to-ceiling windows fill the space with natural light, while the primary bedroom's private balcony provides a stunning vantage point to enjoy the beautifully illuminated CN Tower at night. The thoughtfully designed open-concept layout features a modern kitchen flowing seamlessly into the bright living and dining areas, three versatile bedrooms and two full bathrooms, offering exceptional flexibility for urban living. An outstanding investment opportunity with $3,300 in current monthly rental income! The unit is occupied by established tenants who have resided in the property for 6 years. have taken great care of the home willing to stay or to remain, Currently on a month-to-month tenancy, same layout new lease can be up to $4000. providing an attractive opportunity for investors seeking immediate rental income. also it can be a great family home. Residents enjoy resort-inspired amenities including 24-hour concierge, rooftop outdoor pool and terrace with BBQs, fitness centre, yoga studio, whirlpool, sauna, steam rooms, theatre, party rooms and visitor parking. Ideally located in the heart of downtown Toronto, just steps from Toronto Metropolitan University, College Subway Station, shopping, restaurants, entertainment and everyday conveniences, with easy access to the University of Toronto, CF Toronto Eaton Centre and the Financial District. A rare combination of three-bedroom living, iconic skyline views, established rental income and exceptional downtown connectivity, making this a compelling opportunity for both investors and future end-users.

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agent
Ephy Bookbinder
(416) 838-4804
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size800-899 sq. ft.
Maintenance Fees$864
LockerNone
BalconyOpen
ExposureSouth East
Parking TypeUnderground
Parking Spaces1
Parking FeaturesNone
Property Tax$3,898
Lot Size x
mls© NumberC14138128
Listed ByRE/MAX REALTRON REALTY INC.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

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Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$4,090
Property tax
$325
Heat allowance
$150
Condo fees, half counted
$432
Housing costs
$4,997 / mo

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

Down payment20% · $159,800
25-yr amortization

Income needed

$154,000

gross annual household income

Payment at 4%
$3,362 / mo
Cash down
$159,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Values and trends

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