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New3 hours ago

3 - 3562 Colonial Drive

Erin Mills, Mississauga

$599,900

Condo Townhouse |
2 | 3 | 1 | 0
About this home

Beautiful & Spacious 2-Bedroom, 2.5-Bath Luxury Condo Townhouse in Erin Mills. Approx 999 Sq Ft. Thoughtfully Designed Open Concept Layout with Additional Basement Storage (Crawl space). Generously Sized Bedrooms, Primary Featuring a 4-Piece Ensuite and Closet. Modern Open Kitchen with Stainless Steel Appliances, Pantry, and Central Island. Convenient 2nd Level Laundry. Mins to Amenities, Including Ridgeway Plaza, Walmart, Costco, Major Retailers, Parks, and Community Centre.

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BrokerHub Inc.
(647) 254-1864
TypeCondo Townhouse
Style2-Storey
Approx. Age0-5
Size900-999 sq. ft.
Maintenance Fees$360
LockerNone
BalconyTerrace
ExposureWest
Parking TypeUnderground
Parking Spaces1
Parking FeaturesUnderground
Property Tax$3,846
mls© NumberW13859436
Listed ByROYAL LEPAGE CERTIFIED REALTY
Common Elements Included
Parking Included
Building Insurance 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%
$3,071
Property tax
$321
Heat allowance
$150
Condo fees, half counted
$180
Housing costs
$3,721 / mo

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

Down payment20% · $119,980
25-yr amortization

Income needed

$114,000

gross annual household income

Payment at 4%
$2,524 / mo
Cash down
$119,980

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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