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New3 hours ago

505 - 8 Lisa Street

Queen Street Corridor, Brampton

$375,000

Condo Apartment |
2 + 1 | 2 | 1 | 1
About this home

Welcome to this beautiful, spacious 2+1 bedroom condo featuring two full washrooms.Beautifully kept, bright, and open-concept, this space is filled with natural light from large windows.You will enjoy the convenience of ensuite laundry. The well-managed building offers a full suite of resort-style amenities, including a party room.Ideally located near Major Highway 410, public transit, schools, places of worship, parks, and Brampton City Centre.An unbeatable location!

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BrokerHub Inc.
(647) 254-1864
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size1000-1199 sq. ft.
Maintenance Fees$1,247
LockerEnsuite
BalconyNone
ExposureWest
Parking TypeUnderground
Parking Spaces1
Parking FeaturesNone
Property Tax$2,537
mls© NumberW14136998
Listed ByHOMELIFE SILVERCITY REALTY INC.
Heat Included
Hydro Included
Water Included
Common Elements Included
Building Insurance Included

Listing History

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  • No recent lease history for this listing.

Schools

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What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$1,919
Property tax
$211
Heat allowance
$150
Condo fees, half counted
$624
Housing costs
$2,904 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $75,000
25-yr amortization

Income needed

$89,000

gross annual household income

Payment at 4%
$1,578 / mo
Cash down
$75,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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