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Price Change$499,000

416 - 3401 Ridgeway Drive

Erin Mills, Mississauga

$479,000

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

This Modern 1 Bedroom Unit Features: Full-Sized Kitchen with Quartz Countertops, Stainless Steel Appliances; Open-Concept Living Area with Lots of Light; 4-Piece Bathroom and Full-Sized Washer/Dryer. Very Well-Managed 4-Storey Building.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeCondo Apartment
StyleApartment
Approx. Age0-5
Size0-499 sq. ft.
Maintenance Fees$441
LockerNone
BalconyOpen
ExposureSouth
Parking TypeUnderground
Parking Spaces1
Parking FeaturesNone
Property Tax$3,174
mls© NumberW13243740
Listed ByCENTURY 21 PARKLAND LTD.
Water Included
Common Elements Included
Building Insurance Included

Listing History

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

Schools

Could you afford this home?

What the bank counts

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

Mortgage, tested at 6%
$2,452
Property tax
$265
Heat allowance
$150
Condo fees, half counted
$221
Housing costs
$3,087 / mo

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

Down payment20% · $95,800
25-yr amortization

Income needed

$95,000

gross annual household income

Payment at 4%
$2,016 / mo
Cash down
$95,800

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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