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New3 days ago

313 - 40 BAIF Boulevard

North Richvale, Richmond Hill

$535,000

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

Spacious 2-bedroom, 1 and half bathroom suite in a prime Richmond Hill location. 1,185 sq. ft. with extra large balcony overlooking lush, mature tree surroundings.You have an en-suite laundry, a storage locker, and 2 parking spaces (side by side). Renovated kitchen, laminate flooring in the living room, dining room, and hall. Extras: Monthly fees include all utilities, cable TV, internet, plus use of Club 66 Health & Recreation Centre. Great location: steps to Hillcrest Mall, Yonge St. shops, and 1 bus direct to Finch subway. Just minutes to hospital, library, and elementary, middle, and high schools. This building has 24-hour security cameras and is non-smoking and non-vaping. Welcome home!

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BrokerHub Inc.
(647) 254-1864
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size1000-1199 sq. ft.
Maintenance Fees$1,146
LockerExclusive
BalconyOpen
ExposureNorth
Parking TypeUnderground
Parking Spaces2
Parking FeaturesUnderground
Property Tax$2,270
mls© NumberN14027834
Listed ByROYAL LEPAGE REAL ESTATE SERVICES LTD.
Heat Included
Hydro Included
Water Included
Cable TV Included
CAC Included
Common Elements Included
Building Insurance Included
Parking Included

Listing History

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

Schools

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What the bank counts

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

Mortgage, tested at 6%
$2,738
Property tax
$189
Heat allowance
$150
Condo fees, half counted
$573
Housing costs
$3,650 / mo

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

Down payment20% · $107,000
25-yr amortization

Income needed

$112,000

gross annual household income

Payment at 4%
$2,251 / mo
Cash down
$107,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

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