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Price Change$609,000

502 - 7825 Bayview Avenue

Aileen-Willowbrook, Markham

$598,000

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

Excellent opportunity for investors or future owner-occupants seeking flexibility, immediate rental income and long-term value. Rare Opportunity To Own A Spacious close to 1200 Sqft. 2 Bedroom + Enclosed Glass Den, 2 Bath Suite With Parking & Locker In One Of Thornhill's Most Desirable Resort-Style Communities. Excellent Investment Opportunity With AAA Tenant Paying $3,300/Month, Or Ideal Future Home For End-Users. Lease term has already expired And Tenant Is Willing To Stay Or Relocate. Enjoy an 'All-In' maintenance package that covers everything: Heat, Hydro, Water, Central Air, Cable TV, AND High-Speed Wi-Fi-providing total monthly cost certainty. Enjoy Acres Of Beautifully Landscaped Grounds, Indoor Pool, Tennis Courts, Fitness Facilities, 24 hrs. Concierge And More. Prime Bayview Location Close To Shopping, Transit, Hwy 407, Hwy 7, Parks And Top-Rated Schools. Exceptional Space, Lifestyle And Value Rarely Found In Today's Condo Market. Seller is also the listing agent.

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agent
Milad Momtaz Azad
(647) 510-8858
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size1000-1199 sq. ft.
Maintenance Fees$1,052
LockerOwned
BalconyNone
ExposureNorth East
Parking TypeUnderground
Parking Spaces1
Parking FeaturesNone
Property Tax$2,621
mls© NumberN13498576
Listed ByCENTRAL HOME REALTY INC.
Water Included
Cable TV Included
Hydro Included
Heat Included
Parking Included
Common Elements Included

Listing History

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

Schools

Could you afford this home?

What the bank counts

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

Mortgage, tested at 6%
$3,061
Property tax
$218
Heat allowance
$150
Condo fees, half counted
$526
Housing costs
$3,955 / mo

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

Down payment20% · $119,600
25-yr amortization

Income needed

$122,000

gross annual household income

Payment at 4%
$2,516 / mo
Cash down
$119,600

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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