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New4 days ago

404 - 400 Mclevin Avenue

Malvern, Toronto

$350,000

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

Welcome To This 1-Bedroom, 1-Bathroom Suite At Mayfair On The Green. Beautifully Appointed, This Exceptional Sun-Filled Suite Offers An Open-Concept Living And Dining Area With Laminate Flooring And A Walkout To A Large Private Balcony. The Separate Kitchen Features Ample Cabinetry, A Double Sink, Backsplash And Convenient Pass-Through. The Oversized Primary Bedroom Includes His-And-Hers Walk-Through Closets Leading To A 4-Piece Semi-Ensuite With A Bathtub And Separate Shower. A Spacious Ensuite Laundry And Storage Room, One Owned Underground Parking Space And One Owned Locker Add Everyday Convenience. Exclusive Resident Amenities Include 24-Hour Gated Security, An Indoor Pool, Fitness Centre, Party And Meeting Room, Tennis Court And Visitor Parking. Steps From Shopping, Medical Offices, Schools, Parks, the library, and TTC, With Easy Access To Highway 401. An Excellent Opportunity For First-Time Buyers, Downsizers Or Investors!

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agent
Jonathan Lee
(647) 983-0770
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size800-899 sq. ft.
Maintenance Fees$656
LockerOwned
BalconyOpen
ExposureEast
Parking TypeUnderground
Parking Spaces1
Parking FeaturesNone
Property Tax$1,358
mls© NumberE13797424
Listed ByROYAL LEPAGE IGNITE REALTY
Common Elements Included
Building Insurance Included
Water Included

Listing History

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

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Could you afford this home?

What the bank counts

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

Mortgage, tested at 6%
$1,791
Property tax
$113
Heat allowance
$150
Condo fees, half counted
$328
Housing costs
$2,382 / mo

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

Down payment20% · $70,000
25-yr amortization

Income needed

$73,000

gross annual household income

Payment at 4%
$1,473 / mo
Cash down
$70,000

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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