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Listed 2 months ago

505 - 20 Cherrytree Drive

Fletcher's Creek South, Brampton

$465,000

Condo Apartment |
3 + 1 | 2 | 1 | 1
About this home

Welcome To The Sought-After Crown West Building! This Spacious 3 Bedroom Plus Solarium Condo Offers A Bright And Functional Open Concept Layout With Laminate Floors Throughout The Living, Dining And Solarium Areas. The Sun-Filled Solarium Overlooks The Park And Tennis Courts, Creating The Perfect Space To Relax Or Work From Home. Bright And Airy Kitchen Features A Breakfast Area With Walk-Out To A Large Balcony. Primary Bedroom Includes A Walk-In Closet And 4 Piece Ensuite Bathroom With Separate Tub And Shower. Additional Bedrooms Are Generously Sized. Ensuite Laundry With Extra Storage Area Adds Everyday Convenience. Gated Building With 24 Hour Security And Exceptional Resort-Style Amenities Including Outdoor Pool With Sitting Area, Walking Trail, BBQ Area, Gym, Library, Jacuzzi, Sauna, Squash Courts, Tennis Courts And Party Room. Conveniently Located Close To Shopping, Restaurants, Schools, Public Transit, New Hurontario LRT, Highways 410 & 407 And Places Of Worship.

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agent
Milad Momtaz Azad
(647) 510-8858
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size1400-1599 sq. ft.
Maintenance Fees$1,425
LockerOwned
BalconyOpen
ExposureEast
Parking TypeUnderground
Parking Spaces1
Parking FeaturesUnderground
Property Tax$3,284
mls© NumberW13419806
Listed ByRE/MAX REALTY SPECIALISTS INC.
Hydro Included
Heat Included
Water Included
Building Insurance Included
Parking Included
CAC 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%
$2,380
Property tax
$274
Heat allowance
$150
Condo fees, half counted
$712
Housing costs
$3,516 / mo

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

Down payment20% · $93,000
25-yr amortization

Income needed

$108,000

gross annual household income

Payment at 4%
$1,957 / mo
Cash down
$93,000

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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