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609 - 1001 Cedarglen Gate
Erindale, Mississauga
$554,900
Beautifully renovated 2 bedroom, 2 full bathroom plus a sunroom suite is for sale. All new stainless steel kitchen appliances. High quality laminate flooring throughout. The large master bedroom can comfortably fit a king size bed. 2nd room is converted to an office. condo fees include all utilities. This spacious, sun filled condo is located in a quiet, well-managed building close to the intersection of Dundas Street West and Mavis Road. Building amenities include an indoor pool, hot tub, sauna, gym and party room. The location is incredibly convenient, with Huron Park and Westdale Mall nearby and a bus stop right at your door. The suite is ready for you to move in and enjoy. Great value and opportunity!
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $2,840
- Property tax
- $221
- Heat allowance
- $150
- Condo fees, half counted
- $542
- Housing costs
- $3,753 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$115,000
gross annual household income
- Payment at 4%
- $2,335 / mo
- Cash down
- $110,980
Assumes no other monthly debts · 25-yr amortization
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