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Listed 9 days ago

403 - 1940 Ironstone Drive

Uptown, Burlington

$415,900

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

Two parking spaces and a locker in a full-amenity Burlington condo. That combination is harder to find than you think.Unit 403 at Ironstone Condominiums offers 665 square feet of 1+1 bedroom, 1.5 bath living space with a layout that works. The building brings 24-hour concierge, gym, party room, media room, and a rooftop terrace with BBQs and outdoor kitchen. Geothermal and solar technology means sustainable living without the premium utility bills.Steps to shopping, dining, and transit. Quick access to Appleby GO and the 403, 407, and QEW corridor. Note: Dogs friendly building.

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agent
Macallum Tepsich
(647) 326-2579
TypeCondo Apartment
StyleApartment
Approx. Age11-15
Size600-699 sq. ft.
Maintenance Fees$701
LockerOwned
BalconyOpen
ExposureNorth East
Parking TypeUnderground
Parking Spaces2
Parking FeaturesNone
Property Tax$2,944
mls© NumberW13828924
Listed ByREAL BROKER ONTARIO LTD.
Heat Included
Water 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

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What the bank counts

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

Mortgage, tested at 6%
$2,129
Property tax
$245
Heat allowance
$150
Condo fees, half counted
$350
Housing costs
$2,874 / mo

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

Down payment20% · $83,180
25-yr amortization

Income needed

$88,000

gross annual household income

Payment at 4%
$1,750 / mo
Cash down
$83,180

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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