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502 - 50 Elm Drive E
Mississauga Valleys, Mississauga
$610,000
Spacious Corner Unit at The Aspenview in Mississauga! This bright and inviting 3-bedroom, 2-bathroom suite offers an open-concept layout with an abundance of natural light and generous living space. The modern kitchen features stainless-steel appliances and opens to a private balcony with fantastic city views. The thoughtfully designed split-bedroom layout provides excellent privacy, with spacious bedrooms and well-appointed bathrooms. Additional highlights include ample storage and convenient in-suite laundry. Residents enjoy an impressive selection of building amenities, including a gym, billiards room, library, party room, tennis courts, visitor parking, and more. The unit also includes two underground parking spaces and a locker. Ideally located close to shopping, schools, trails, public transit, and major highways, this exceptional home combines comfort, convenience, and lifestyle amenities in one desirable location.
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $3,122
- Property tax
- $241
- Heat allowance
- $150
- Condo fees, half counted
- $588
- Housing costs
- $4,102 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$126,000
gross annual household income
- Payment at 4%
- $2,567 / mo
- Cash down
- $122,000
Assumes no other monthly debts · 25-yr amortization
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