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E21 - 284 Mill Road
Markland Wood, Toronto
$480,000
Enjoy resort-style living at The Masters, a desirable condominium community backing onto Markland Wood Golf & Country Club. This spacious suite stands out for its spectacular golf course views from the living and dining areas and private terrace-all at an exceptionally attractive price. The generous layout features an eat-in kitchen, a spacious primary bedroom with a three-piece ensuite, and a second bedroom ideal for guests or a home office. In-suite laundry, a large in unit storage room and an underground parking space- add everyday convenience that can't be beat. Set on 11 acres of landscaped grounds, amenities include indoor and outdoor pools, tennis and pickleball courts, a fitness centre, and a beautifully renovated clubhouse. The community is pet-friendly and permits barbecues. Modern renovations are underway throughout The Masters, with Building 284's lobby and hallways already completed. Comfortable as it is, with room to make it your own, this suite offers outstanding value and a lifestyle to match.
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $2,457
- Property tax
- $234
- Heat allowance
- $150
- Condo fees, half counted
- $638
- Housing costs
- $3,479 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$107,000
gross annual household income
- Payment at 4%
- $2,020 / mo
- Cash down
- $96,000
Assumes no other monthly debts · 25-yr amortization
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