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New3 days ago

107 - 20 ST GEORGE Street

, Kitchener

$199,900

Condo Apartment |
1 | 1 | 0 | 1
About this home

Sandhills Retirement Community opened in 2001, a not-for-profit corporation providing quality housing for active seniors 50+ years of age. Smoke free, caring community of like minded residents. The facility encompasses a 58 bright, lovely and spacious apartment- style suites with large windows in located in downtown Kitchener. Appliances included are washer/dryer, fridge, full size smooth top range/stove & built-in dish-washer. Suites have individually controlled heating with efficient electric hot water/forced air systems and each is cooled with its own rooftop air conditioner. This main floor Eby model 703 sq.ft. 1 bedroom apartment unit with 4pc bathroom and terrace balcony. North West view, garage parking space available for $100/month, locker included. Large master bedroom (large enough for a king sized bed). Kitchen has full size stove and dishwasher. Well managed and quiet building. Very efficient & economical living. Monthly payment $631.16 includes property taxes. Electrical utility is extra but very affordable due to the quality of the building construction. No worries about the appliances and HVAC equipment repairs or replacement costs as they are included. Pet friendly with restrictions. VICTORIA PARK area with its heritage buildings. Close to numerous churches, shopping, entertainment, performing arts centre, library & LRT transit. Life Lease - no Land Transfer Tax nor legal closing costs. Note that unit must be owner occupied (no rental units in building). Traditional mortgage financing is not available.

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agent
Milad Momtaz Azad
(647) 510-8858
TypeCondo Apartment
StyleApartment
Approx. Age16-30
Size700-799 sq. ft.
Maintenance Fees$492
LockerExclusive
BalconyTerrace
ExposureNorth West
Parking TypeUnderground
Parking Spaces0
Parking FeaturesReserved/Assigned
Property Tax$1,675
mls© NumberX13800584
Listed ByHomeLife Power Realty Inc
Water Included
CAC Included
Common Elements Included
Building Insurance 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%
$1,023
Property tax
$140
Heat allowance
$150
Condo fees, half counted
$246
Housing costs
$1,559 / mo

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

Down payment20% · $39,980
25-yr amortization

Income needed

$48,000

gross annual household income

Payment at 4%
$841 / mo
Cash down
$39,980

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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