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New2 hours ago

1607 - 56 Annie Craig Drive

Mimico, Toronto

$575,000

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

Experience urban luxury in this exquisite 600 sqft corner unit at Lago at the Waterfront. Revelin breathtaking, unobstructed west and south views from your expansive 245 sqft wrap-aroundbalcony.This sophisticated one-bedroom plus den residence showcases 9' floor-to-ceiling windows,offering an abundance of natural light. Step out to your private balcony from both the livingarea and primary bedroom, and enjoy sleek laminate flooring throughout. The residence includesone convenient parking spot and a spacious locker, combining for a total of 845 sqft of refinedliving space (600 sqft interior + 245 sqft balcony). Indulge in the elegance and convenience ofthis exceptional home.

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agent
Angela Montano
(647) 283-2643
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size600-699 sq. ft.
Maintenance Fees$473
LockerOwned
BalconyOpen
ExposureSouth West
Parking TypeUnderground
Parking Spaces1
Parking FeaturesUnderground
Property Tax$2,801
mls© NumberW13728972
Listed BySAVE MAX EMPIRE REALTY
Heat Included
Water Included
CAC Included
Common Elements Included
Building Insurance 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%
$2,943
Property tax
$233
Heat allowance
$150
Condo fees, half counted
$236
Housing costs
$3,563 / mo

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

Down payment20% · $115,000
25-yr amortization

Income needed

$110,000

gross annual household income

Payment at 4%
$2,420 / mo
Cash down
$115,000

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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