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New5 hours ago

1602 - 55 Eglinton Avenue W

Hurontario, Mississauga

$499,000

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

Welcome to This bright and spacious 823 sq. ft. condo on the 16th floor offers beautiful views, 2 bedrooms, 2 bathrooms, an open-concept layout, and plenty of natural light. Featuring a modern kitchen, spacious primary bedroom with ensuite, 1 parking space, and 1 locker. Enjoy premium building amenities and an unbeatable location close to Square One, shopping, restaurants, transit, parks, major highways, and the future Hurontario LRT.

Extras

No extras listed.

TypeCondo Apartment
Style1 Storey/Apt
Approx. Age6-10
Size800-899 sq. ft.
Maintenance Fees$624
LockerOwned
BalconyOpen
ExposureSouth East
Parking TypeUnderground
Parking Spaces1
Parking FeaturesMutual
Property Tax$3,380
mls© NumberW13630160
Listed BySAM MCDADI REAL ESTATE INC.
Common Elements Included
Parking Included
Building Insurance Included
Heat Included
Water Included
CAC Included

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%
$2,554
Property tax
$282
Heat allowance
$150
Condo fees, half counted
$312
Housing costs
$3,298 / mo

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

Down payment20% · $99,800
25-yr amortization

Income needed

$101,000

gross annual household income

Payment at 4%
$2,100 / mo
Cash down
$99,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

Listing History

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  • No recent lease history for this listing.

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