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1 / 0
Listed 3 months ago

265 - 220 Gord Canning Drive

Blue Mountains, Blue Mountains

$219,900

Condo Apartment |
0 | 1 | 1 | 1
About this home

BEAUTIFUL MOUNTAIN VIEW BACHELOR SUITE IN THE WESTIN - The suite was recently refurbished and is offered fully furnished complete with kitchenette, dining area, French balcony, Westin Standard bed, gas fireplace and pull out sofa for extra sleeping capacity. Order in room service from the popular Oliver and Bonacini Restaurant off the lobby or head out to the many wonderful restaurants throughout the Blue Mountain Village. Ownership in the Westin includes valet parking, access to all amenities, year-round outdoor pool, hot tub, sauna, and fitness center and an option for the suite to be pet-friendly. Blue Mountain Resort offers Westin owners a fully managed rental program which helps offset operating expenses and still allows for liberal owner usage. HST is applicable to purchase price (but may be deferred by obtaining a HST number and enrolling the suite into the rental program). 2% + HST one time Blue Mountain Village Association membership entry fee applies. Annual BMVA fee of $1.10 + HST per square foot. Utilities included in the condo fees. Your cottage alternative awaits!

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agent
Macallum Tepsich
(647) 326-2579
TypeCondo Apartment
Style1 Storey/Apt
Approx. AgeNot available
Size0-499 sq. ft.
Maintenance Fees$736
LockerEnsuite
BalconyJuliette
ExposureSouth
Parking TypeUnderground
Parking Spaces1
Parking FeaturesNone
Property Tax$1,325
mls© NumberX13569690
Listed ByEngel & Volkers Toronto Central
Heat Included
Hydro Included
Water Included
Cable TV 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.

Could you afford this home?

What the bank counts

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

Mortgage, tested at 6%
$1,126
Property tax
$110
Heat allowance
$150
Condo fees, half counted
$368
Housing costs
$1,754 / mo

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

Down payment20% · $43,980
25-yr amortization

Income needed

$54,000

gross annual household income

Payment at 4%
$925 / mo
Cash down
$43,980

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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