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Listed 8 days ago

1609 - 8020 Derry Road

1028 - CO Coates, Milton

$599,998

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

Brand new, never lived-in 2-bedroom, 2-bathroom condo in desirable location of Milton featuring a bright open-concept layout with laminate flooring and large windows, a modern kitchen with stainless steel appliances, a spacious primary bedroom with walk-in closet and private ensuite, a well-sized second bedroom, in-suite laundry, and a private balcony; enjoy premium amenities including a gym, party room, kids' playroom, pool, and outdoor BBQ area, all conveniently located near Highway 401, transit, shopping, parks, and schools, plus 1 parking space and 1 locker included.

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BrokerHub Inc.
(647) 254-1864
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size700-799 sq. ft.
Maintenance Fees$573
LockerOwned
BalconyOpen
ExposureSouth East
Parking TypeUnderground
Parking Spaces1
Parking FeaturesNone
Property Tax---
mls© NumberW13878326
Listed ByHOMELIFE/MIRACLE REALTY LTD
Common Elements Included
Building Insurance Included
Parking Included

Listing History

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

Schools

Could you afford this home?

What the bank counts

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

Mortgage, tested at 6%
$3,071
Property tax (estimated)
$0
Heat allowance
$150
Condo fees, half counted
$286
Housing costs
$3,507 / mo

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

Down payment20% · $120,000
25-yr amortization

Income needed

$108,000

gross annual household income

Payment at 4%
$2,525 / mo
Cash down
$120,000

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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