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Listed 24 days ago

12 - 2035 South Millway Drive

Erin Mills, Mississauga

$499,999

Condo Townhouse |
3 | 2 | 1 | 1
About this home

Bright, clean, and spacious unit featuring an open-concept living and dining area that overlooks a cozy garden. It's perfect for barbecues and entertaining. The main floor includes a powder room and a pantry off the kitchen. The family-sized kitchen offers plenty of storage space. This unit is unique, as it has three energy-efficient wall-mounted AC/Heat Pump units for both heating and air conditioning, which helps save on hydro costs; baseboard heaters are also kept as a backup. Located in a quiet complex, it is conveniently close to schools, parks, public transportation, and shopping.

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agent
Milad Momtaz Azad
(647) 510-8858
TypeCondo Townhouse
StyleStacked Townhouse
Approx. AgeNot available
Size600-699 sq. ft.
Maintenance Fees$517
LockerEnsuite
BalconyTerrace
ExposureWest
Parking TypeSurface
Parking Spaces1
Parking FeaturesSurface
Property Tax$2,785
mls© NumberW13554008
Listed ByROYAL LEPAGE REAL ESTATE SERVICES LTD.
Common Elements Included
Building Insurance Included
Parking Included
Water 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%
$2,559
Property tax
$232
Heat allowance
$150
Condo fees, half counted
$259
Housing costs
$3,200 / mo

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

Down payment20% · $100,000
25-yr amortization

Income needed

$98,000

gross annual household income

Payment at 4%
$2,104 / mo
Cash down
$100,000

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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