| Heat Included | |
| Common Elements Included | |
| Water Included | |
| CAC Included | |
| Building Insurance Included |
New3 days ago
706 - 383 Cumberland Street N
4001 - Lower Town/Byward Market, Lower Town - Sandy Hill
$239,900
Condo Apartment |
1 | 1 | 0 | 1
About this home
ATTENTION INVESTORS. This condo can produce a positive cash low. Similar condos rent for 1900$. Calculation based on minimum deposit 20%, 25 years amortization at 4.5%, condo fees 490$ and taxes 220$. Could be a very smart investment for parents who's children are attending university. This condo is on the east side of the building away from busy Cumberland street. On this side, you can sleep with your windows open. Only one owner, pride of ownership, very well maintained. Quick closing a possibility
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| Type | Condo Apartment |
| Style | 1 Storey/Apt |
| Approx. Age | 16-30 |
| Size | 500-599 sq. ft. |
| Maintenance Fees | $487 |
| Locker | Owned |
| Balcony | Open |
| Exposure | East |
| Parking Type | None |
| Parking Spaces | 0 |
| Parking Features | None |
| Property Tax | $2,595 |
| mls© Number | X13795004 |
| Listed By | ROYAL LEPAGE PERFORMANCE REALTY |
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%
- $1,228
- Property tax
- $216
- Heat allowance
- $150
- Condo fees, half counted
- $243
- Housing costs
- $1,838 / mo
Lenders cap these at 39% of gross income — that sets the number.
Down payment20% · $47,980
25-yr amortization
Income needed
$57,000
gross annual household income
- Payment at 4%
- $1,010 / mo
- Cash down
- $47,980
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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