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New2 hours ago

2812 - 1 Elm Drive W

City Centre, Mississauga

$485,000

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

1 bed + 2 DENS, 2 Full Bathrooms. 2nd Den is big enough for a second bedroom (it has doors, natural light, storage and ventilation). Solarium/den in the master bedroom, with clear views of the lake and CN tower. Fully renovated, new appliances with 5 year warranty. Parking spot is right beside the entrance. Building offers amazing amenities such as gym, pool, sauna, steam room, hot tub, and convenience store. Extra wide parking spot perfect for larger vehicles.

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agent
Angela Montano
(647) 283-2643
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size700-799 sq. ft.
Maintenance Fees$549
LockerOwned
BalconyOpen
ExposureNorth East
Parking TypeUnderground
Parking Spaces1
Parking FeaturesNone
Property Tax$3,000
mls© NumberW13726850
Listed ByIRISE
Heat Included
Water Included
Parking Included

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%
$2,482
Property tax
$250
Heat allowance
$150
Condo fees, half counted
$275
Housing costs
$3,157 / mo

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

Down payment20% · $97,000
25-yr amortization

Income needed

$97,000

gross annual household income

Payment at 4%
$2,041 / mo
Cash down
$97,000

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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