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1 / 39
New2 hours ago

506 - 3 Marine Parade Drive

Mimico, Toronto

$599,000

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

Welcome to one of the largest suites in "Hearthstone by the Bay". Retirement living with a country club atmosphere. Space for all the furniture from your home. Open Concept Principle Rooms perfect for entertaining. Sun filled Breakfast room. Two Spacious bedrooms, primary with tandem sunroom or convenient office, second has a walkout to a balcony. Stroll to Humber Bay Park, Waterfront trails or a variety of services and restaurants. The mandatory club fee of $1990.85 + HST includes a variety of services and amenities, including a credit of $298.40 towards the onsite restaurant - You really must try their Tomato Basil soup! - four hours of housekeeping per month, 24 hour nurse on duty, a vibrant social committee and monthly agenda, fitness classes and shuttle bus service. Should you need additional services and health care are available a la carte. A second occupant is charged at $274.34 + HST per month. Exceptional front desk concierge always willing to help. Fantastic resort style amenities: Games Room with pool table, Library, Dining Room, Pub, Outdoor terraces, Fitness Centre and Hydra Pool, Movie Theatre & Hair Salon. A condo to own with parking and locker and a community to belong to. "Other" are two open air balconies.

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BrokerHub Inc.
(647) 254-1864
TypeCondo Apartment
StyleApartment
Approx. Age16-30
Size1200-1399 sq. ft.
Maintenance Fees$1,279
LockerOwned
BalconyOpen
ExposureNorth West
Parking TypeUnderground
Parking Spaces1
Parking FeaturesNone
Property Tax$4,642
mls© NumberW14104082
Listed ByROYAL LEPAGE TERREQUITY REALTY
Heat Included
Water Included
CAC Included
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 actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$3,066
Property tax
$387
Heat allowance
$150
Condo fees, half counted
$640
Housing costs
$4,242 / mo

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

Down payment20% · $119,800
25-yr amortization

Income needed

$131,000

gross annual household income

Payment at 4%
$2,521 / mo
Cash down
$119,800

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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