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Listed 2 months ago

LPH04 (1804) - 55 Speers Road

1002 - CO Central, Oakville

$769,000

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

Eighteen floors up at Rain Condos, the lake is the first thing you see each morning. Suite 1804 (LPH04) is a lower penthouse corner suite with Lake Ontario views from every side and the Toronto skyline across the water. Morning light pours through floor to ceiling windows that wrap the corner and fills the open living and dining area. Take your coffee out to the large balcony and watch the water change colour. The suite offers 1,179 square feet of bright, open space facing southeast, with two bedrooms and two full bathrooms. The full sized kitchen comes with every appliance, so dinner for friends is easy. The primary bedroom fits a king bed with room to spare and has two closets. Sink into the full tub in the five piece bath, or step into the separate shower. The second bedroom, with its large window and large closet, works as a guest room, an office or both. Ensuite laundry, carpet free floors and all window coverings are included. Everything is done. Just move in. A 24 hour concierge greets you downstairs. Swim in the indoor pool in January, unwind in the hot tub and sauna, work out in the fitness centre, and host summer evenings on the rooftop terrace with BBQs. Guest suites, a party room and visitor parking make out of town company easy. Two side by side parking spots sit close to the building entrance, plus a locker. Kerr Village cafes and restaurants are steps away. Oakville GO is a short walk, and downtown Oakville, the waterfront and the QEW are minutes away. Suites with two parking spots rarely come to market. Book a showing and see the view for yourself.

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agent
Milad Momtaz Azad
(647) 510-8858
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size1000-1199 sq. ft.
Maintenance Fees$1,045
LockerExclusive
BalconyOpen
ExposureSouth East
Parking TypeUnderground
Parking Spaces2
Parking FeaturesUnderground
Property Tax$4,190
mls© NumberW13593356
Listed ByRIGHT AT HOME REALTY
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%
$3,936
Property tax
$349
Heat allowance
$150
Condo fees, half counted
$523
Housing costs
$4,958 / mo

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

Down payment20% · $153,800
25-yr amortization

Income needed

$153,000

gross annual household income

Payment at 4%
$3,236 / mo
Cash down
$153,800

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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