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Listed 3 months ago

507 - 225 Alvin Road

3102 - Manor Park, Manor Park - Cardinal Glen and Area

$409,000

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

Open house on Sunday July 19, 2-4PM. Bright unit in a building with an array of amenities. Upgraded lobby with duel elevators await, with a gym, sauna, guest lounge, and outdoor barbecues. The Manor Park neighborhood is known for being safe, child friendly, quiet yet close to major streets, parks, trails, and downtown Ottawa. Hardwood throughout, this unit, with tiled entry and tiled kitchen with breakfast bar and stainless steel appliances. Large primary bedroom with ensuite bathroom, and French doors to the secondary room which can be substituted as a den. 48 hours irrevocable on all offers.

Extras

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Got questions?

Contact Milad directly.

agent
Milad Momtaz Azad
(647) 510-8858
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size800-899 sq. ft.
Maintenance Fees$657
LockerExclusive
BalconyNone
ExposureEast
Parking TypeUnderground
Parking Spaces1
Parking FeaturesUnderground
Property Tax$2,847
mls© NumberX13530358
Listed ByROYAL LEPAGE PERFORMANCE REALTY
Water Included
Building Insurance Included
Common Elements Included
Parking Included

Listing History

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

Could you afford this home?

What the bank counts

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

Mortgage, tested at 6%
$2,093
Property tax
$237
Heat allowance
$150
Condo fees, half counted
$329
Housing costs
$2,809 / mo

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

Down payment20% · $81,800
25-yr amortization

Income needed

$86,000

gross annual household income

Payment at 4%
$1,721 / mo
Cash down
$81,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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