| CAC Included | |
| Common Elements Included | |
| Heat Included | |
| Building Insurance Included | |
| Parking Included | |
| Water Included |
Featured
New3 hours ago
1508 - 110 Marine Parade Drive
Mimico, Toronto
$649,000
Condo Apartment |
2 | 2 | 1 | 1
About this home
Experience elevated waterfront living in this bright and spacious two-bedroom, two-bathroom suite. The open-concept kitchen, dining and living area is designed for effortless entertaining, featuring 9-foot ceilings, floor-to-ceiling windows and three walkouts to an impressive 250 sq. ft. wraparound balcony. The primary bedroom offers a walk-in closet and private ensuite with a frameless glass shower. Ideally located steps from the lake, waterfront trails, parks, TTC, cafés and restaurants, with quick highway access and an easy commute downtown.
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $3,322
- Property tax
- $302
- Heat allowance
- $150
- Condo fees, half counted
- $426
- Housing costs
- $4,200 / mo
Lenders cap these at 39% of gross income — that sets the number.
Down payment20% · $129,800
25-yr amortization
Income needed
$129,000
gross annual household income
- Payment at 4%
- $2,731 / mo
- Cash down
- $129,800
Assumes no other monthly debts · 25-yr amortization
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