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605 - 716 The West Mall Road
Eringate-Centennial-West Deane, Toronto
$510,000
Turn key 1+Den Etobicoke condo, perfect for first time buyers & investors. The versatile den can easily be used as a functional second bedroom or a spacious office. This unit features a bright, open concept layout with large principal rooms perfect for entertaining. The generous size master bedroom features durable laminate flooring, while the kitchen boasts elegant quartz countertops, a glass tile backsplash, ceramic floor, and stainless steel appliances. Situated in a fantastic location, you are just minutes away from highway 427, the airport, local parks, schools, shopping and public transit. This move in ready home is perfect for first time buyers, professionals or investors!
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $2,610
- Property tax
- $116
- Heat allowance
- $150
- Condo fees, half counted
- $527
- Housing costs
- $3,403 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$105,000
gross annual household income
- Payment at 4%
- $2,146 / mo
- Cash down
- $102,000
Assumes no other monthly debts · 25-yr amortization
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