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504 - 1615 Bloor Street E
Applewood, Mississauga
$449,900
Location, Location! East Mississauga, Close to Etobicoke Border, 20 Minutes to Downtown Toronto. Walking Distance To Shopping, Schools & Parks. Bus On The Doorstep & One Bus To Subway. Spacious 2 Bedroom Condo In Applewood Neighbourhood. **Low Maintenance Fee** Freshly Painted. Updated Lobby, Elevators & Hallways
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Listing History
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $2,303
- Property tax
- $178
- Heat allowance
- $150
- Condo fees, half counted
- $355
- Housing costs
- $2,985 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$92,000
gross annual household income
- Payment at 4%
- $1,893 / mo
- Cash down
- $89,980
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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