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1205 - 50 Elm Drive E
Mississauga Valleys, Mississauga
$610,000
It is not easy to find a 3-bedroom condo this size with so much living space! Be the first to enjoy this completely renovated home ready for you to call your own! This bright, spacious and beautifully finished home features an open-concept layout with a modern kitchen, brand-new appliances and a stylish wet bar with a built-in beverage fridge perfect for a coffee station as well! Enjoy your coffee or sip some wine on the private balcony that offers fantastic views of the city skyline. The separate laundry room adds extra convenience and storage. Generous-sized bedrooms and new bathrooms! Ideally located in the heart of Mississauga, close to shopping, transit, schools and trails. The building offers an impressive selection of amenities, including a gym, billiards room, library, party room, tennis courts and ample visitor parking. Comes complete with two underground parking spaces and a locker for additional storage. Freshly renewed and move-in ready, just add your personal decor and make it home.
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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
- $232
- Heat allowance
- $150
- Condo fees, half counted
- $588
- Housing costs
- $4,092 / 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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