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New2 hours ago

2004 - 220 Burnhamthorpe Road W

City Centre, Mississauga

$499,900

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

Don't miss out on this great opportunity in the heart of downtown Mississauga. This bright 1-bedroom plus den corner unitcondo offers a spacious open-concept layout with 9-ft ceilings, a private balcony, and lake views. Freshly painted and move-inready, the unit features updated vinyl flooring throughout, ensuite laundry, new roll-down blinds in the bedroom, updated LEDlight fixtures, and plenty of storage in both the front and bedroom closets. The den adds valuable flexibility and works well as ahome office, dining area, or additional living space. Parking and a locker are both included, and a major bonus is that heat,hydro, water, and gas are all included in the condo fees. The building offers an impressive range of amenities, including a24-hour concierge, indoor pool, hot tub, sauna, fitness centre, guest suites, party and meeting rooms, theatre room, games room,terrace garden, putting green, children's play area, outdoor BBQs, and a car wash station. The location is hard to beat, withSquare One, Celebration Square, Hazel McCallion Central Library, restaurants, cafes, grocery stores, MiWay transit, CooksvilleGO Station, Trillium Mississauga Hospital, major highways, and the future Hazel McCallion LRT all close by. A greatopportunity to own a well-kept, move-in-ready condo with excellent amenities, parking, storage, and everything downtownMississauga has to offer just outside your door.

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BrokerHub Inc.
(647) 254-1864
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size700-799 sq. ft.
Maintenance Fees$650
LockerOwned
BalconyOpen
ExposureSouth East
Parking TypeUnderground
Parking Spaces1
Parking FeaturesUnderground
Property Tax$3,394
mls© NumberW13844514
Listed ByRE/MAX PROFESSIONALS INC.
Heat Included
Common Elements Included
Hydro Included
Building Insurance Included
Water Included
CAC Included
Parking Included

Listing History

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  • 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%
$2,559
Property tax
$283
Heat allowance
$150
Condo fees, half counted
$325
Housing costs
$3,316 / mo

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

Down payment20% · $99,980
25-yr amortization

Income needed

$102,000

gross annual household income

Payment at 4%
$2,104 / mo
Cash down
$99,980

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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