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Listed 20 days ago

1 - 140 Rideau Terrace

3302 - Lindenlea, New Edinburgh - Lindenlea

$1,050,000

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

The tree-lined street of Rideau Terrace has an enticing charm that makes you look twice. If you are drawn to the unique combination of historic charm, distinctive architecture and a prime location in a lively urban neighbourhood, you may wish to consider 1-140 Rideau Terrace. This unit offers three bedrooms plus a spacious den, a combined living and dining room, a spacious kitchen with a breakfast area, and a highly desirable 1,000 sq ft (approx) terrace. The current owners upgraded the patio by investing $170,000 to ensure the exterior space remains enjoyable for years to come. The terrace upgrades include removing the previous patio stones, installing a new membrane, installing new patio stones, improving drainage, and replacing a 60-foot-by-8-foot high privacy wall. The owners had planned to make interior upgrades; however, due to changes in their personal plans, they decided that new owners may wish to put their own take on the property or may prefer to keep things as they are.

Extras

No extras listed.

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Got questions?

Contact Milad directly.

agent
Milad Momtaz Azad
(647) 510-8858
TypeCondo Apartment
Style1 Storey/Apt
Approx. Age31-50
Size1800-1999 sq. ft.
Maintenance Fees$1,065
LockerOwned
BalconyTerrace
ExposureSouth
Parking TypeOther
Parking Spaces1
Parking FeaturesNone
Property Tax$7,657
mls© NumberX13729530
Listed ByCALDWELL & ASSOCIATES REALTY LIMITED
Building Insurance Included
Common Elements 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%
$5,374
Property tax
$638
Heat allowance
$150
Condo fees, half counted
$533
Housing costs
$6,695 / mo

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

Down payment20% · $210,000
25-yr amortization

Income needed

$206,000

gross annual household income

Payment at 4%
$4,419 / mo
Cash down
$210,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

Values and trends

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