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New4 hours ago

2101 - 3 Marine Parade Drive

Mimico, Toronto

$700,000

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

Experience the finest in luxury retirement living at Hearthstone by the Bay. This exceptional penthouse-level 2-bedroom, 2-bathroom suite offers beautiful lake views and an abundance of natural light through expansive windows, creating a bright, warm, and welcoming living space.Thoughtfully designed for comfort and ease, this spacious suite is complemented by an unparalleled lifestyle in one of Etobicoke's premier retirement communities. The mandatory Hearthstone Club Package provides residents with an exceptional collection of services and amenities, including a full-service restaurant with private dining room, licensed pub and lounge, movie theatre, hair salon, billiards area, outdoor terrace, fitness and wellness programs, scheduled shuttle service, and the reassurance of 24-hour on-site nursing support.Perfectly situated in a sought-after waterfront neighbourhood, you'll enjoy easy access to walking trails, parks, shopping, restaurants, transit, and major highways. Mandatory Club Fee of $1,990.85 + HST/month, which includes a wide variety of services and amenities. 4 Hours of Housekeeping, Meal Credit in the Restaurant ($298.40/month), Access to Nurse on Duty 24 Hours/Day, Fitness Classes, Full Range of Activities & Shuttle Bus Use! Extra Service Available As Well for Your Comfort and Care Years Ahead. An additional fee of $274.34 + HST/month applies for a second occupant.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeCondo Apartment
StyleApartment
Approx. Age6-10
Size1000-1199 sq. ft.
Maintenance Fees$1,075
LockerOwned
BalconyTerrace
ExposureSouth East
Parking TypeUnderground
Parking Spaces1
Parking FeaturesUnderground
Property Tax$3,529
mls© NumberW13634732
Listed ByRoyal Lepage Real Estate Associates, Larose Team
Building Insurance Included
Common Elements Included
CAC Included
Heat Included
Water Included

Listing History

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

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Could you afford this home?

What the bank counts

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

Mortgage, tested at 6%
$3,583
Property tax
$294
Heat allowance
$150
Condo fees, half counted
$538
Housing costs
$4,565 / mo

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

Down payment20% · $140,000
25-yr amortization

Income needed

$140,000

gross annual household income

Payment at 4%
$2,946 / mo
Cash down
$140,000

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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