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New1 day ago

1203 - 2520 Eglinton Avenue W

Central Erin Mills, Mississauga

$399,000

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

Expansive 699 sq. ft. suite at The Arc by Daniels in Central Erin Mills! Rarely offered at this size, 12th-floor Unit 1203 offers an airy [1-bed + den] layout w/ zero wasted space, sleek kitchen w/ S/S appliances & quartz counters, floor-to-ceiling windows, ensuite laundry & balcony. Walk to Erin Mills Town Centre, Credit Valley Hospital, transit & top schools; mins to Hwys 403/401/407. Includes [1] parking, [1] locker, pool, gym & 24hr concierge!

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TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size600-699 sq. ft.
Maintenance Fees$562
LockerOwned
BalconyOpen
ExposureWest
Parking TypeUnderground
Parking Spaces1
Parking FeaturesUnderground
Property Tax$3,438
mls© NumberW14177402
Listed ByROYAL LEPAGE CERTIFIED REALTY
Water Included
Parking 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%
$2,042
Property tax
$286
Heat allowance
$150
Condo fees, half counted
$281
Housing costs
$2,760 / mo

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

Down payment20% · $79,800
25-yr amortization

Income needed

$85,000

gross annual household income

Payment at 4%
$1,679 / mo
Cash down
$79,800

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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