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Listed 2 months ago

501 - 37 Ellen Street

City Centre, Barrie

$795,000

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

Beautiful "Nautica" waterfront condominium on the shores of lake Simcoe. Offering for sale, 5th floor unit #501, South Tower on the south side of the building. This popular Key West Model with just under 1300 sq feet of total living space features two bedrooms, two bathrooms and a well designed kitchen with a sit-up bar and new appliances. The beautiful part of this unit is the large balcony and wall of floor to ceiling glass windows and patio doors, creating a bright and open feel while enjoying the lake views. This is an Estate Sale. *For Additional Property Details Click The Brochure Icon Below*

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agent
Angela Montano
(647) 283-2643
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size1200-1399 sq. ft.
Maintenance Fees$786
LockerCommon
BalconyOpen
ExposureSouth
Parking TypeUnderground
Parking Spaces1
Parking FeaturesUnderground
Property Tax$6,113
mls© NumberS13454516
Listed ByICI SOURCE REAL ASSET SERVICES INC.
Common Elements Included
Building Insurance Included
Heat Included
Water Included
Parking Included

Listing History

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

Could you afford this home?

What the bank counts

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

Mortgage, tested at 6%
$4,069
Property tax
$509
Heat allowance
$150
Condo fees, half counted
$393
Housing costs
$5,122 / mo

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

Down payment20% · $159,000
25-yr amortization

Income needed

$158,000

gross annual household income

Payment at 4%
$3,345 / mo
Cash down
$159,000

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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