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New5 hours ago

408 - 4640 Kimbermount Avenue

Central Erin Mills, Mississauga

$349,000

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

Welcome to Terraces at Erin Mills, a sought-after adult lifestyle condominium community offering comfort, convenience and easy, independent living! This bright, beautifully maintained one-bedroom suite features an inviting open-concept layout, attractive modern flooring with no carpeting throughout, and a spacious private balcony, perfect for enjoying your morning coffee or relaxing outdoors. The thoughtfully designed living and dining area offers a comfortable space for everyday living and entertaining. Situated in an intimate 8-storey, 64-suite building, residents enjoy fantastic amenities including an indoor pool, party and social room, guest suites, visitor parking and a full-time live-in superintendent. Connected to Amica Erin Mills, the community offers access to optional dining and wellness services for added convenience. Maintenance fees include heat, water, air conditioning, cable TV and high-speed internet. Underground parking and a storage locker add even more value. Ideally located just steps from Erin Mills Town Centre, Credit Valley Hospital, restaurants, grocery stores and public transit. An exceptional opportunity to enjoy a low-maintenance lifestyle in a welcoming, well-established community! Age-restricted residence: 65+ mandated, with residents aged 55+ permitted subject to board approval.

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agent
Macallum Tepsich
(647) 326-2579
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size500-599 sq. ft.
Maintenance Fees$708
LockerOwned
BalconyOpen
ExposureNorth West
Parking TypeNone
Parking Spaces1
Parking FeaturesUnderground
Property Tax$2,013
mls© NumberW14170348
Listed ByCentury 21 Signature Service
Common Elements Included
Building Insurance Included
Parking Included
CAC 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%
$1,786
Property tax
$168
Heat allowance
$150
Condo fees, half counted
$354
Housing costs
$2,458 / mo

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

Down payment20% · $69,800
25-yr amortization

Income needed

$76,000

gross annual household income

Payment at 4%
$1,469 / mo
Cash down
$69,800

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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