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1405 - 70 Absolute Avenue
City Centre, Mississauga
$432,000
Located in the heart of downtown Mississauga, this bright and spacious 1-bedroom plus den unit will truly impress! Featuring 9-foot ceilings throughout, a renovated kitchen with granite counters, a breakfast bar, under mount black sink, & newer appliances. New laminate flooring, modern lighting, a large primary bedroom plus a versatile den that can double as a second bedroom or office with a built in wardrobe closet. Enjoy access to the 30,000 sq. ft. recreation building which includes a full gym, indoor/outdoor pools, spa, theater, basketball, and squash courts, with Square One and transit right at your doorstep. You will not be disappointed!
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $2,211
- Property tax
- $255
- Heat allowance
- $150
- Condo fees, half counted
- $371
- Housing costs
- $2,987 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$92,000
gross annual household income
- Payment at 4%
- $1,818 / mo
- Cash down
- $86,400
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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