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Listed 11 days ago

1115 - 8 Lee Centre Drive

Woburn, Toronto

$399,900

Condo Apartment |
1 | 1 | 1 | 1
About this home

Great Investment Opportunity with AAA Tenants!!! Immediate ROI with no Downtime. Prime Location, Very Bright Condo Unit with Unobstructed View, In-Suite Laundry, Brand New Stove, Dishwasher with 5 yrs Warranty. Newer Fridge, Washer Countertop, Sink. All Utilities included in Maintenance Fee. 24 hr Concierge with Indoor Pool, Gym, Badminton/Squash Room, Party Room and lots more... Includes Parking and Locker. Just off Hwy 401, Close to Shopping, Go Train, TTC, Schools, Colleges.

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agent
Macallum Tepsich
(647) 326-2579
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size500-599 sq. ft.
Maintenance Fees$648
LockerOwned
BalconyNone
ExposureNorth
Parking TypeUnderground
Parking Spaces1
Parking FeaturesNone
Property Tax$1,433
mls© NumberE13821498
Listed ByHOMELIFE LANDMARK REALTY INC.
Heat Included
Hydro Included
Water Included
CAC Included
Common Elements Included
Building Insurance Included
Parking Included

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

Could you afford this home?

What the bank counts

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

Mortgage, tested at 6%
$2,047
Property tax
$119
Heat allowance
$150
Condo fees, half counted
$324
Housing costs
$2,640 / mo

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

Down payment20% · $79,980
25-yr amortization

Income needed

$81,000

gross annual household income

Payment at 4%
$1,683 / mo
Cash down
$79,980

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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