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| Heat Included | |
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607 - 1500 Grazia Court
Rathwood, Mississauga
$435,000
Welcome to Peppermill Court! This bright and spacious 2-bedroom, 2-bathroom condo offers an excellent opportunity to enjoy generous living space in a well-kept, smaller-scale building. Floor-to-ceiling windows provide an abundance of natural light and pleasant neighbourhood views. Two parking spaces add exceptional convenience and value, particularly compared to many newer buildings. The spacious layout offers plenty of room to live comfortably, with an opportunity to update and personalize to your own taste. Building amenities include a party room and fitness room. Ideally situated in an established Mississauga neighbourhood close to shopping, dining, transit and everyday conveniences. A wonderful combination of space, light and parking in a desirable community!
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $2,227
- Property tax
- $242
- Heat allowance
- $150
- Condo fees, half counted
- $541
- Housing costs
- $3,160 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$97,000
gross annual household income
- Payment at 4%
- $1,831 / mo
- Cash down
- $87,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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