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712 - 3555 Derry Road E
Malton, Mississauga
$380,000
Beautifully Renovated 2-Bedroom Condo Offering Nearly 1,000 Sq Ft Of Bright, Functional Living Space In A Well-Managed Malton Community! Freshly Painted And Move-In Ready, This Spacious Unit Features Large Principal Rooms, Quality Laminate Flooring Throughout, An Upgraded Modern Kitchen, And The Rare Bonus Of 2 Private Balconies. Low Condo Fees Cover Most Utilities, Making Ownership Affordable And Stress-Free. Why Rent When You Can Own And Build Equity Instead? Perfect For First-Time Buyers, Downsizers, Or Investors. Conveniently Located Steps To Public Transit, Schools, Medical Offices, Shopping, And Everyday Amenities, With Easy Access To Highways 427, 401 & 407, GO Station, And Toronto Pearson Airport. Excellent Value In A Prime Location
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| Type | Condo Apartment |
| Style | 1 Storey/Apt |
| Approx. Age | 31-50 |
| Size | 900-999 sq. ft. |
| Maintenance Fees | $731 |
| Locker | Owned |
| Balcony | Open |
| Exposure | North West |
| Parking Type | None |
| Parking Spaces | 1 |
| Parking Features | Reserved/Assigned |
| Property Tax | $1,520 |
| mls© Number | W13210706 |
| Listed By | RE/MAX PREMIER INC. |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $1,945
- Property tax
- $127
- Heat allowance
- $150
- Condo fees, half counted
- $365
- Housing costs
- $2,587 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$80,000
gross annual household income
- Payment at 4%
- $1,599 / mo
- Cash down
- $76,000
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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